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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 > When CEO quits (fired?) just before the financials come out
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Post by handyrandy321 on Oct 06, 2015 1:51pm

When CEO quits (fired?) just before the financials come out

That's got to be a larger loss coming than we expected. Maybe $5 - $6 mil operational loss in only one quarter? Attempting "Cost containment" Wonder what they exploded to this quarter? $1200 all in per ounce? Looks bad. Not even staying as a director.

'reports today that Bruce Bragagnolo has ceased to be the Chief Executive Officer and a Director of Timmins'

'implement a cash containment program'
Comment by BREAKtheCOMEX on Oct 06, 2015 2:47pm
In conjunction with the release of its third quarter financial results, Timmins intends to provide an updated mine plan which reflects the current market conditions. In accordance with International Financial Reporting Standards ("IFRS"), the Company is reviewing the carrying value of its assets and anticipates that it will incur a significant impairment charge in its quarterly financial ...more  
Timmins Gold Corp