Bullboard - Stock Discussion Forum Timmins Gold Corp T.TMM

Metals & Mining Gold

"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."

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Timmins Gold Corp > Whats going to happen tomorrow

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Post by Goldhound3 on Oct 26, 2015 11:47am

Whats going to happen tomorrow

With TMM anouncing tomorrow there operating loss and impairment charge the question now is how hard is the share price going to get hammered.

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Comment by Czicfwillgetermit on Oct 26, 2015 11:59am

Earnings are on nov 3 . My guess is if earnings were so bad or the mine plan so unfixable at Timmins as most on this board have concluded then its hard to see why Goldcorp would have parted with any money for a private placement. Goldcorp had to have a good idea whats going on internally at timmins as part of their due diligence for the private placement and loan for mine equiptment. ...more

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Comment by frankman on Oct 26, 2015 2:47pm

Yup big operating loss coming. No new mine plan can fix the price of gold. And any sratching the earth for higher grade values will be short lived and the rest in the ground written down virtually worthless. https://www.kitco.com/news/video/show/LBMA-2015/1102/2015-10-26/High-Grading-Strategy-Not-Good-For-Long-Term-Mining-Assets---Thomson-Reuters-GFMS

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