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Timmins Gold Corp T.TMM

"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

Comment by auburn2on Dec 14, 2016 8:54pm
187 Views
Post# 25601831

RE:San Fran

RE:San FranThey have some hedging and were some while back stress-tested down to $1000 gold. Since then cash costs have some down significantly. Check the latest quarterly: ""Our cash costs for the quarter of $785 per ounce and all-in sustaining cash costs of $846 per ounce were particularly strong and were both 23 per cent lower than the comparable period of the previous year." So why would they close the mine? That's not a trivial decision like flipping a switch and from the numbers you can clearly see they are cash flow ppositve.

With the $20 million, they have over $40 million of cash or cash equivalents when subtracting liabilities. The balance sheet is in USD. At ESM they have $10 million and expect that to take them to feasibility.

TMM is one of the best positioned gold companies you'l find.
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