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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: ECU Silver Reports Best Operating Month in March 2010

Based on the daily tonnage, ECU's oxide mill recovered gold was 1.41 g/tonne and recovered silver was 55.25 g/tonne. Finally the recoveries are getting decent, although everyone knew there would be a fine tunning curve to this operation. I don't know the ore grades they are running, but based on average grades, the gold recovery is good and the silver recovery is still low. We may be running low grades of silver ore though. The value per tonne for these recoveries at current prices is $85.08/tonne. This should be profitable. Based on total recovered metal from the oxide and sulphide mills, but not including metals in the pyrite, total PM sales for March at current prices would be $1,433,304. This is $17.2 million annualized. These numbers do not include the zinc and lead base metals in the suphide concentrate which might be another $70 k per month and put us over $1.5 million in March.

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