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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 fb454on Feb 20, 2014 7:37am
327 Views
Post# 22228709

This analyst says TMM has about $60,000,000 in cash!

This analyst says TMM has about $60,000,000 in cash!
Philip Ker, PI Financial (2/13/14) "Timmins Gold Corp. recently closed a CA$28.4M bought-deal financing at $1.50/share. . .this financing allows the company to significantly strengthen its balance sheet at a turning point of the San Francisco operation, where substantial capital expenditures have dwindled and increasing free cash flow becomes imminent. The cash injection brings our estimated working capital to ~$63.6M and we anticipate Timmins announcing a 2013 end-of-year cash balance of ~$18.5M in its upcoming financials (prior to this financing)."
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