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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 Uncovers Additional Mineralization in the Upper Section of the Santa

This ore reported at 3.36 g/t gold and 177 g/t silver is worth $233.06/t at current prices and will generate sales of $116.53/t at a 50% recovery rate. For the oxide mill running at 550 tpd, this is sales of $1,922,745 per month just from the oxide mill. Then add the sulphide mill and the gold pyrite sales and our income will be up in the $3 million per month range. Also hopefully our recovery rates will be above 50% as this ore was reported as oxide ore and hopefully will run more smoothly in the mill than recent ores which had some sulphides.

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