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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."


TSX:TMM - Post by User

Timmins Gold Corp > ANOTHER operating loss
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Comment by shaleplayer11on May 16, 2016 9:43am
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Post# 24876324

RE:ANOTHER operating loss

RE:ANOTHER operating lossLet's hope they reverse this.

 What this? the fifth in a row?

  • Loss from operations was $8.6 million, compared to $0.2 million during Q1 2015. The difference was primarily due to the impairment of $12.8 million on the Caballo Blanco asset, partially offset by a reduction in cost of sales which were $22.3 million, compared to $26.8 million in Q1 2015. Excluding the Caballo Blanco impairment, adjusted earnings from operations were $4.2 million for Q1 2016.
  • Loss and total comprehensive loss were $10.7 million or $(0.03) per share, compared to $0.7 million or $(0.00) per share during Q1 2015.

Read more at https://www.stockhouse.com/companies/bullboard/Bullboard/t.tmm/timmins-gold-corp#6GXZI1miqsJO99Hq.99
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