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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

Comment by DEH1on Jul 11, 2014 6:30pm
283 Views
Post# 22738521

RE:RE:RE:The $100,000 factor

RE:RE:RE:The $100,000 factorfirecracker74:  So where did the  bulk of the money come from. ? Ask Serty > is it any wonder they were pxssed off with Bruce !!the value of their 17m shares were  reduced 13% because TMM sold 19m TMM shares @ $1.50  net $24m.  

   
TIMMINS GOLD CORP. 
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF EARNINGS AND TOTAL COMPREHENSIVE INCOME 
For the three months ended March 31, 2014 and 2013 
(In thousands of United States dollars, except share numbers and per share amounts) - Unaudited 
 
 
Note 
 
 2014 
 
 
 
 
 
Metal revenues 13 $ 47,050 
 
 
Cost of sales (including depreciation and depletion) 4a) 31,515  
 
 
Earnings from mine operations 15,535 
 
 
Corporate and administrative expenses 4b) 2,674 
 
 
Earnings from operations 12,861 
 
 
Other expense, net 
 
 
Finance expense 4c) (470) 
Foreign exchange gain 
 
 388 
 
Earnings before income taxes 12,763 
 
 
Income taxes 
Current tax expense 5,384 
Deferred tax (recovery) expense (726) 
 
 4,658 
 
 
Earnings and total comprehensive income 
for the period $ 8,105 
 
 
Q2 Earnings will be less than Q1, how much ? I'll wait for the Q2 financial report.

I
 


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