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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: Recent drill results...
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May 18, 2012 02:26PM
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May 18, 2012 03:47PM
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May 18, 2012 05:48PM

Hello altogether,

i found following article concerning Golden Minerals from April 13, 2012:

http://vancouverventure.blogspot.com/2012/04/new-trader-golden-minerals-aumto.html

Really interesting was following part:

The company now expects to complete an updated NI 43-101-compliant resource estimate for the Velardena operations during the second quarter 2012. In line with the company's emphasis on the higher classes of mineral resources (measured and indicated), management and its qualified advisers have decided to narrow the definition of the lowest resource class (inferred resources) to include only that material meeting strict and readily justifiable geostatistical and conservative geologic criteria. Because of this, the company expects to report a smaller inferred resource base at Velardena compared with the inventory carried in the past.

Do you think that the probably "smaller inferred resource base" caused the sell-off of shares the last days ?

Regards

bikemaster

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