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 frankythetankon Apr 02, 2012 2:10pm

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Post# 19748793

RE: RE: Next financing?

Yes not necessarily the case, but the most likely case....The burn rate has been extremely high over the last year and a bit. So hopefully the expansion makes the mill and mine profitable. That would be best case, but most likely they will need to do a private placement to raise the funds for the big expansion.

Tank

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