This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Golden Minerals Provides Update For Velardena Operations

"Cash operating cost per ounce" for silver is calculated by assuming that the Velardena mine produces silver with gold, zinc and lead by-products. Total operating costs are allocated to silver, and estimated revenues from gold, zinc and lead production, net of smelting and refining costs for gold, lead and zinc, are credited against those costs. 

The term "cash operating cost per ounce" includes actual mining, milling, mine related overhead costs, treatment and refining charges, freight, insurance and marketing costs incurred on metal production during the period. Cash operating cost excludes income taxes, depreciation, amortization and provisions for reclamation.   Cash operating cost differs from costs applicable to the sale of metals determined in accordance with GAAP.  Costs applicable to the sale of metals in accordance with GAAP reflect operating costs incurred to produce concentrates, dore and precipitates  that were sold during the period and write-downs of inventory to net realizable value, whereas "cash operating cost per ounce" reflects costs incurred to produce concentrates, dore and precipitates produced during the period.  In addition, costs applicable to metals sold do not include certain treatment and refining charges, which in accordance with GAAP are netted against revenue.

Cash operating cost per ounce of silver is calculated by dividing cash operating cost for silver produced during the period as described above by payable ounces of silver. The payable ounces are the number of ounces of silver produced during the period reduced by the estimated number of ounces required to cover refining charges for such silver.

For additional information please visit or contact:

Golden Minerals Company Jerry W. Danni(303) 839-5060Executive Vice President

SOURCE Golden Minerals Company

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,135.72 +38.82 0.21%
S&P 500 2,101.04 +2.51 0.12%
NASDAQ 4,982.8090 +15.6680 0.32%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs