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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 Czicfwillgetermiton Nov 03, 2015 8:08pm
166 Views
Post# 24255648

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

RE:RE:RE:$0.25 Bottom? Gold down $20; Horrible TMM ReleaseI have been waiting for a miner to draw a line in the sand, i didnt think it would be us first.  It does make sense not to waste/risk the effort to just break even or lose money as long as start up costs are minimum and there is no significant long term debt that needs satisfied.   I do think tgd has more wiggle room to extend operations or go underground here than tney let on but they wanted to lower expectations very significantley (and they did) so they can beet expectations going forward.  For example, they already mined 8150 oz in october but set guidance for year at 20k. Grams reaching pad remained at .53 so unless they slowdown on through put they will beet that mark.  Underground tests were very  successful but they need review.  

Imo  the GOldcorp pp was a lifeline.  They had to have known the happenings with mine beforehand and were ok taking a bath on shares.  Me thinks they will be rewarded with a partnership on ANA or takeover down the road.  Ultimately as you say it all boils down to price of gold.  
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