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Timmins Gold Corp T.TMM

"Timmins Gold Corp is engaged in acquiring, exploring, developing and operating mineral resource properties in Mexico. It owns and operates the San Francisco open pit and Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz."


TSX:TMM - Post by User

Bullboard Posts
Comment by morriconeon Jun 13, 2011 6:09pm
323 Views
Post# 18709570

RE: RE: news

RE: RE: newsFrankly I'm not impressed. I fail to see why Timmins needs to borrow money. With gold near an all time high and our production steadily increasing surely we must have enough free cash flow to cover the ambitious exploration program and production improvements. The gold debt was within 2 months of being fully retired so it's kind of late in the day to be rolling it over into something else and treating that like some brilliant move. If we can't generate enough cash internally for our growth needs then explain to me exactly how we can ever afford to pay a dividend ?????
Bullboard Posts