Taylor refreshes Golden Minerals buy
Ticker Symbol: C:AUM

Taylor refreshes Golden Minerals buy

Golden Minerals Company (C:AUM)
Shares Issued 37,908,327
Last Close 1/31/2012 $9.71
Wednesday February 01 2012 - In the News

Jay Taylor, in the Jan. 16, 2012, edition of Gold, Energy & Tech Stocks, refreshes his buy of Golden Minerals Company, recently $9.05. Mr. Taylor said buy three times from Sept. 15, 2009, to Dec. 16, 2011, at prices ranging from $5.29 to $7.83. Assuming a $1,000 investment for each buy, the $3,000 investment is now worth $4,488. Golden Minerals has started production at its Mexican Velardena mine. It acquired the mine in September, 2011, when it merged with ECU Silver. Since then, Golden Minerals has raised recovery rates and mill feed head grades at the mine. The company expects the mine's Q4 2011 output to be low because of continuing mine development work, but by Q4 2012, it hopes to reach an annual production rate of 800,000 ounces of silver, 16,000 ounces of gold, and one million pounds of combined lead and zinc. Later, Golden Minerals will build a sulphide plant with an annual production capacity of four million ounces Ag, 80,000 ounces Au, and 20 million pounds combined Pb and Zn. Across all of its projects, Golden Minerals owns 212 million ounces Ag, 2.1 million ounces Au, one billion pounds Pb and 1.2 billion pounds Zn. Buy the stock, which is Mr. Taylor's top silver stock pick for 2012.

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