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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 philwayon Sep 21, 2015 10:37am
109 Views
Post# 24121599

They need $100 million more for Ana Paula/plant to storage

They need $100 million more for Ana Paula/plant to storage Timmins Gold estimates the remaining pre-production capital required for Ana Paula to be approximately US$100 million. This estimate will continue to be refined as the Company works towards completing its feasibility study over the next year. Timmins Gold plans to immediately begin the dismantling of the plant and its transport to a storage/staging facility. (Based on $1200)  at a gold price of US$1,200 per ounce

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