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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 zutfieon Aug 08, 2013 7:08pm
466 Views
Post# 21657965

Philip Ker

Philip Ker
Philip Ker, PI Financial (8/8/13) "Timmins Gold Corp. announced its Q2/13 financial results, reporting net earnings of $1.0M or $0.01/share and operating cash flow of $12.1M or $0.08/share. . .the company continues to maintain low cash costs at its flagship San Francisco mine. . .with further increases expected to San Francisco's crushing capacity up to 24 Ktpd by Q4/13, we continue to anticipate growing production levels over the course of 2013. . .the company's cost and production profile remains attractive under tighter margins from weaker metal prices, and we believe upside exists for Timmins as the company continues to minimize capex and strengthen its balance sheet."
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