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 > Earnings per share drops again

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Comment by intowinon May 18, 2016 8:26am

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Post# 24884026

RE:Earnings per share drops again

State all the facts when making such comments. It's only fair to all.

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.

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