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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 30, 2011 1:41pm
361 Views
Post# 18785524

RE: NEWS Release...1st year of Commercial operatio

RE: NEWS Release...1st year of Commercial operatioAll that gold produced over the last year and all we have to show for it is $5.5 million in the bank account, barely up from the $2.7 million we had a year ago.

At this rate don't hold your breath waiting for a dividend to begin.  We can't afford it.

If we're planning on doing any takeovers in the foreseeable future then a lack of cash is going to hurt our credibility again just as it did in the recent battle with GAM.
Bullboard Posts