Golden Minerals Ord Shs T.AUMN

Alternate Symbol(s): AUMN

Metals & Mining Industrial Metals & Minerals

Golden Minerals Company is a precious metals mining exploration company. The Company holds a 100% interest in the Rodeo property in Durango State, Mexico (the Rodeo Property), a 100% interest in the Velardena oxide processing plant and related water wells in the state of Durango, Mexico (the Velardena Properties) which are subject to a purchase agreement with a private Mexican entity, and a diversified portfolio of precious metals and other mineral exploration properties located primarily in or near historical precious metals producing regions of Mexico, Argentina and Nevada. The Velardena Properties, and the Yoquivo exploration property in Mexico, are the Company’s only material properties. The Yoquivo Project is located 210 km west-southwest of the city of Chihuahua, in Ocampo Municipality, Chihuahua State. The Yoquivo Project consists of approximately seven mining concessions with an area totaling about 1,975 hectares (Ha).

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Golden Minerals Ord Shs

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Comment by RoyalBlueon Aug 09, 2010 9:06am

262 Views

Post# 17332789

RE: RE: San Cristobal agreement finished

You mentioned a $65-85 million cost of building the mine. Did you hear that from management or is that your own estimate? Just wondering because cost of building a mine is my only big question mark about this company.

I'm hoping they can do it for under $100 million. I know they say infrastructure is close, but it's not that close. It is somewhat isolated. I just hope it's not a $500 million to a billion type of thing.

If you or anyone else has some more intell on this front -- would appreciate it.

Thanks,

RB

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