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Bullboard - Stock Discussion Forum 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 Discussion

Timmins Gold Corp > Price of gold and TMM
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Post by Joyce1952 on May 28, 2014 1:51pm

Price of gold and TMM

Can someone refresh my memory. Doesn't TMM sell their gold to set customers, and wouldn't this somehow protect them from the wild fluctuation in the price of gold? Thanks
Comment by pdcon1 on May 29, 2014 6:23am
not sure but dont think they would sell the gold at a loss as other producers would put their gold mining on standby. you  end up with hardly any gold mined and central banks could sell their gold at a loss .  this turns into short selling all over to make a profit , isnt that how it works to try and make a profit . legitimate co trying to make a profit vs an iligitimate short ...more  
Timmins Gold Corp
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