Timmins Gold Corp T.TMM

Metals & Mining Gold

"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."

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Timmins Gold Corp > Conference Call tidbits..

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Comment by BigNutteron Mar 19, 2016 12:32am

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Post# 24678317

RE:Conference Call tidbits..

Yes...news of a JV would have been great. Perhaps it is in the works but too early to announce?

MisterB wrote:
Backens is quite black and white. No fluff. Matter of fact. I wonder if a CEO search is on, or if he is "Interim CEO" for a reason (buyout positioning).

From the conference call:

They will be in a position to pay off the debt from cash generated from operations by June.

They will have positive Free Cash Flow this Quarter

They are modifying the PEA to reflect the El Sauzel acquisition, which will show even more robust economics.

They are 50% complete on the plant and Equipment move.

They fund the Feasibility study as necessary and as finances allow (at this time)

Changes to the block model and operating plan have already yeilded results (hinted that they may be better than expected - perhaps reading between the lines. Anyone else read his statement that way?)

Also looking at continuing SF beyond Q4.

All in all, very positive... but I would like some sort of tranche financing arrangement or JV/Streaming or a similar non-dilutive financing mechanism - LT loan.