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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 12, 2015 7:38pm
110 Views
Post# 24287138

RE:RE:Oh Matty! Trying to SCAM people with the WRONG all in costs?

RE:RE:Oh Matty! Trying to SCAM people with the WRONG all in costs?Timmins will probably muddle through the end of year at current gold prices as long as sprott does theiir usual year end refinance.  Always figured sprott used this bait and switch  to pick up cheap shares to sell right after refi is announced. I beleive most of the 10 million cash drain was from their underground contractor experiment so maybe they can keep the cash drain to a few milion but we will see.  Hopefully  Worse case is new mamagement could get another 15 million dollar loan secured by assets.   Bottom line is gold needs to move back up to at least 1100-1150 or timmins needs gold corp to finance the Ana mine for a half of the pit.  A lot of risk but still thinking GG will jump on ana to shore up all in costs even if fractionally for mexican assets.  Low debt and Ana are two things going for timmins.  
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