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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 marpip3on Aug 20, 2015 10:51am
69 Views
Post# 24035580

RE:$13 million debt due December 31st Mine is collateral

RE:$13 million debt due December 31st Mine is collateralAnd that amount is in thousands of dollars or $13 million. Company is curently losing about a million a month

During December 2014, the Company renegotiated with the Lender to extend the term of the current loan facility of C$13,000 (thousands of dollars) ($11,206) another 12 months to a maturity date of December 31, 2015.
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