AMEX, AUMN - Golden Minerals Co
Apex Silver Mines Limited, incorporated under the laws of the Cayman Islands
in 1996, is engaged in the mining, exploration and development of silver and
other mineral properties primarily in Latin America.
We commenced production in the third quarter 2007 from our first mine, our
65%-owned San Cristobal silver, zinc and lead mine located in southwestern
Bolivia. San Cristobal's proven and probable reserves at December 31, 2007,
based on $10.76 per ounce silver, $1.19 per pound zinc and $0.73 per pound lead,
total approximately 250 million tonnes of ore grading 55 grams per tonne silver,
1.53% zinc and 0.53% lead, containing approximately 443 million ounces of
silver, 8.43 billion pounds of zinc and 2.92 billion pounds of lead. The prices
used in estimating ore reserves represent the three-year average price for each
of the metals as required pursuant to Securities and Exchange Commission ("SEC")
rules. ...
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