Timmins Gold Corp T.TMM

That is why ana Paula calcs were based on $1200 gold

[ronnywing]

Just like here when pumpers were trying to use cash costs but the company uses all in costs which according to their terminoligy "exploded to $1134.

[blade86ca]

Yes Ronnywing their last quarter their all in cash costs were "exploded" to $1134 which did NOT include production from anapaul and we have not even looked at the results of their pilot phase at San fran mine. Why do you think they acquired ana Paul ?? Do you understand why they did it ? I hope I don't have to explain that to you

[blade86ca]

also Ronnywing if TMM is such a money losing pit with "exploding" costs , I assume giant miners like Goldcorp like to invest their hard earned $$ in a period where gold is so depressed in money losing pits right ?

[johnfever21]

Blade Timmins is losing money mining. And Timmins used the term "explosive costs" It's all there in the financials. Three year stock performance doesn't lie. many on the hokk for tax losses here going back a few years.   

[blade86ca]

Re-read the Press release , explosive costs does not mean their costs "exploded" as in sky rocketed to the moon , it means the explosives they use when mining for gold ( just like all miners use) went up , I think a poster already corrected another poster about this on here a month or so ago. I am shocked I even have to type this out and explain this

[blade86ca]

Yes they lost money last quarter and couple quarters prior , why do you think they purchased ana paul ? I am not going to explain that here as a mining investor (or someone with basic financial knowledge) should know this. Yes the 3 year stock performance of many miners (gold corp included, the every same ginat miner investing their $$ into TMM) are all trending downward (for obvious reasons) and

[ronnywing]

You mean ana paula with the 'conceptual pit"? They in the report still require $1200 gold and just mothballed the plant to storage.

[blade86ca]

The Plant will be acquired by Timmins Gold for future use at its recently acquired Ana Paula project in Guerrero, Mexico.A preliminary economic assessment ("PEA") completed in 2014 indicates that Ana Paula represents a robust, high-margin, rapid pay-back, 8-year life open pit mining opportunity which once in operation is projected to generate a pre-tax NPV5% of US$332 million and a pre