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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."
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TSX:TMM - Post Discussion
Timmins Gold Corp
> Price of gold and TMM
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Joyce1952
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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
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•••
pdcon1
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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
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