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.

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Message: what a market

Yes, I have been buying a little adding to my position. Survival is not even a question with the firm backing of a strong shareholder like Sentient unless of course you think gold/silver mining is worth next to nothing. The question us at what cost to existing shareholders if more capital is needed. At present they have a very small share float compared to comparables plus a mine plan that forecasts silver eq. production that may generate a small production profit in Q4 at these prices plus a small revenue stream from Hecla that began July 1, 2015. They could also sell more exploration assets from inventory or add some small debt.

The company has no debt and a large resource base on two properties with numerous excellent exploration prospects plus two well built updated mills, not to mention over 20km of already developed adits, major equipment and a completed major access ramp that cost a large amount of money (costs just under $1000 per metre for these portals), etc.

The company also will have a revenue stream in 2016 of close to $5 million from the lease of the oxide mill to Hecla, what do you think annual lease cost makes the mill worth if sold??? The answer is at least the present market cap of the company in this crazy market so you get all the large resource, the sulphide mill (is more valuable than oxide mill), all mine development, all exploration properties and no debt for FREE. Do you see how crazy this market is, most crazy I've ever seen unless of course you think gold/silver assets are worthless, I do NOT.

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