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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

Post by terryowon Jan 07, 2016 2:13pm
261 Views
Post# 24437456

Gold still trading $30 per oz below last quarters loss

Gold still trading $30 per oz below last quarters lossAnd $50-$90 per ounce below last quarters (Q3) gold sold at realized $1137. TMM sarted losing money at $1221 gold, so expect another operating loss for the 4th quarter. And maybe no cash left for future operations. You can be sure Sprott is going to take a piece of something with the $10 million overdue debt.

Sprott already extended the debt numerous times with penalties. 
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