Priorities > Transitioning for Future growthFrom Corporate Presentaions Feb 2016 (www.Timminsgold.com)
1 Address the financial condition of the Company DONE 2 Strengthen the balance sheet – US$10.2M new debt agreement with Sprott / Goldcorp due June 30, 2016Done 3 Increase profitability of the mining operations at San Francisco – Adjust mine plan to maximize cash flow – 2016 mine level EBITDA ~ US$25M at $1,080 gold, ~US$35M at $1,250 gold Done 3Implement strict cost controls at the corporate level – Corporate G&A to be reduced 35% over 2015 levels De-risk the Ana Paula gold project through to a construction decisionDone 4 Complete feasibility and permitting Disassembly of the El Sauzal Processing Plant and Infrastructure – 30% complete with balance by June 2016 Done
Cheers