Timmins Gold Corp T.TMM

Reminder last quarter was an operating LOSS

[radiomann11]

6 th or 7th in a row while selling assets. Gold down since then. 

• 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.