Welcome To The Golden Minerals HUB On AGORACOM

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

Free
Message: News

Considering gold milling grades decreased by 22%, yet total silver equiv production was up 1%, this indicates that mill recovery of gold has increased. Also with shipments up 4% and the higher metal prices in Q4, our financials should have improved in Q4. Considering that 404,195 ounces of silver equiv was shipped, and that the average silver price in Q4 was $26.43 per ounce, at a 75% payment rate, our revenues would have been $10,681,930 in Q4. This is easilly enough to make us profitable. When the financials come out in a month they may not show all of this as revenue due to how the pyrite was accounted for when it was mined years ago. The bottom line though is that our treasury received over $10 million in Q4 and since our expenses are about $6 million, we now have the money to do the drilling which is planned for Q1 2011.

Share
New Message
Please login to post a reply