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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: June 24, 2011 - Merger announcement
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At the Open on June 24, 2011:

ECU.TO - $.98

AUMN: - $20.12

SLV: - $33.95

Hence, the AUMN to SLV ratio was 59.26% as of the date the merger was announced.

At this moment, the AUMN to SLV ratio is 28.14% with AUMN trading at $10.08 and SLV trading at $35.82.

Related to the price of silver.....AUMN is now cheaper than both ECU.to and AUMN were by themselves the date the merger was announced.

This has happened as SLV has moved up from $33.95 to $35.82.

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