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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 pdcon1on Nov 03, 2015 7:36pm
148 Views
Post# 24255539

RE:RE:$0.25 Bottom? Gold down $20; Horrible TMM Release

RE:RE:$0.25 Bottom? Gold down $20; Horrible TMM ReleaseRmx. Rubicon  is shutting down  . They just started mining in June  may open later , reason is no feasibility study done on the mining   And probably low gold prices . Tmm says they will shut down San Fran  by summer unless gold prices recover. And focus on Ana. Paula  . You can't keep mining at a loss and this is the position most mining co are in but some will stretch out losses by mining and management  collects a pay cheque at the expense of share holders . If all producers put loosing mines on hold they would create a  physical gold shortage and prices would recover , I don't expect any share price recovery until January  only if gold  recovers ., still holding some Tmm  as things are uncertain now  as they will need capital . Jmo 
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