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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 johngoodmm1on Nov 04, 2015 9:04am
94 Views
Post# 24256848

Very possible for Timmins to run out of money this quarter

Very possible for Timmins to run out of money this quarterSince they burned through $11 million in cash (over half) in the last reported quarters ending September 30th which included a private placement, they may have to close the mine sooner due to capital restraints. They would at least need another fininancing at this level.  
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