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).

TSX:AUMN - Post by User

Golden Minerals Ord Shs

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Post by chalkmarkson Jun 27, 2011 10:49am

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Post# 18768469

Canaccord's Summary

Notice what they noticed from the NR, particularly the last sentence. That's where the blue sky is in this deal for AUM shareholders.

Golden Minerals* (AUM : TSX : $19.32), Net Change: -0.06, % Change: -0.31%, Volume: 48,130
ECU Silver Mining* (ECU : TSX :
.99), Net Change: -0.05, % Change: -4.81%, Volume: 2,163,756
How about Golden ECU Silver & Minerals? Golden Minerals and ECU Silver announced plans to combine the two companies
in a merger of equals to create a new junior silver company with a portfolio of growth projects, primarily in Mexico and
Argentina. The combined company will retain the Golden Minerals name and has been unanimously agreed to by the boards of
directors of Golden Minerals and ECU, and both boards of directors will be recommending that their respective shareholders
vote in favor of the proposed transaction. Under the terms of the transaction, which will be structured as a plan of arrangement,
each ECU share will be exchanged for 0.05 Golden Minerals shares and
.000394 in cash. Upon completion of the transaction,
existing Golden Minerals shareholders and ECU shareholders will own approximately 49% and 51%, respectively, of the
outstanding common stock of the combined company. One of Golden Minerals' largest shareholders with approximately a 19%
ownership stake, has indicated to Golden Minerals that it supports and intends to vote in favour of the proposed transaction. The
shareholder has also expressed an interest in investing further capital in the combined company to retain its current
proportionate ownership, although no agreement has been reached. New Golden Minerals will have silver mining operations in
the Velardena mining district, Durango, Mexico; the El Quevar advanced exploration project in the Salta Province, Argentina;
the advanced exploration-stage Zacatecas project in Zacatecas, Mexico; a number of drill testing projects in Peru (Cochabamba,
Jehuamarca), Mexico (La Pinta), and Argentina (Atlas); and a large portfolio of approximately 40 exploration properties in the
reconnaissance/target delineation stage located primarily in South America. The company will have a Combined Measured and
Indicated resources of approximately 25 million ounces silver, 26 million pounds lead and 37 million pounds zinc. Combined
Inferred resources of approximately 187 million ounces silver, 2 million ounces gold, 1 billion pounds lead and 1 billion pounds
zinc.