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: ECU Silver Releases Second Quarter Results for 2011

Today's results were disappointing. How much of this was due to the cynide shortage, I should be able to figure out this evening when I look at the tonnage on the Sedar site. The silver lining in todays report was that we produced 54% more silver and 37% more gold than we shipped. The weight of metal produced in excess of that shipped was 33,687 oz of silver and 441 oz of gold. The way I figure it, this would have added $1.87 million to our revenue. Total revenue if we had sold what we produced would have been $5.996 million or basically $6 million and the mine operation would have been profitable by about $30,000. Total loss would have been $2.5 million or less than a penny per share.

Share
New Message
Please login to post a reply