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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 Gold and Silver Resource hits $31.093 Billion

I had only been posting this table at the end of each month, but since we have exceeded $30 billion, I thought I would post it again. The value of our resource has gone up $3.3 billion this month while our stock price has been held down by the bankers. Maybe they are hoping they can get ECU to hedge a few million ounces. At a 5% resouce value our market cap would be $1.555 billion which since we have 308.2 million shares would put us at $5.04 a share. It will come, the bankers are just playing cat and mouse with us, but the massive suphide drilling in a couple of months and higher silver price will blow them out of the game.

Category Gold Ounces Silver Ounces Gold Value Silver Value Total Value
$1388.30/oz $32.64/oz
Measured, Indicated
and Inferred (1) 2,052,000 151,528,000
Min Potential (2) 3,793,838 277,499,807
Max Potential (3) 5,775,021 468,169,196
(1 + 2) 5,845,838 429,027,807 $8.116 Bil $14.003 Bil $22.119 Bil
(1 + 3) 7,827,021 619,697,196 $10.866 Bil $20.227 Bil $31.093 Bil
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