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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: Re: A look at the numbers
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Oct 17, 2010 01:47PM

Oct 17, 2010 02:25PM

Sketch,

On the downside your numbers are operating costs only so profit would need to be further reduced for corporate costs of saleries, loan payments and the mineral concession. On the up side now that we have a buyer for the pyrite concentrate, the sulphide mill will be ramped up and production should be 140,000 to 150,000 ounces silver equivalent per month. I am expecting a few hundred thousand dollars profit for Q3 and $3 to $4 million profit for Q4 which will include the pyrite sales and higher prices. Mr. Roy knows this better than anyone so when he says we are going to be able to self fund the drilling, he is being honest and correct.

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