RE:Operating performance (lower grades)goldnevada1.... I believe you forgot to post this paragraph as well
Cash and cash equivalents and restricted cash at December 31, 2015 were $9.2 million and $2.3 million, respectively, after investing $7.1 million on exploration, $0.8 million on sustaining capital, $6.6 million on expansion programs and $17.5 million on deferred stripping. Subsequent to December 31, 2015, the Company received $5.7 million of the $9.1 million VAT receivable.
Read more at https://www.stockhouse.com/news/press-releases/2016/03/16/timmins-gold-reports-cash-flow-from-operations-of-13-3-million-for-fiscal-2015#eIorQtHQ6c6qSji8.99
If I recall correctly, alot of posters a few months ago were predicting that TMM would totally run out of cash by end end of Q4 2015 and would need to issue shares and debt and rock bottom prices right away. Don't appear to see those posters anywhere on here now.
USD index near 52 week low and making new lows every couple weeks (Thanks Janet for raising rates in December in a very timely manner.....LOL)