Timmins Gold Corp T.TMM

Q3 multimillion dollar loss due anytime

[johncolt]

Timmins started losing money operationaly Q1 ($1221) gold sold, and lost $1.9 Q2 with gold sold at $1216. gold traded $1180 down in Q3. Expect with $2 million in less metal revenues and a loss of $4 million this quarter.

Then there will be the writedown in assets

[Czicfwillgetermit]

They have $376 million in assets, i would expect a sigmificant impairment charge with current gold prices. Capital expenses should be $2-3 million less the remainder of year per CC.   Gold oz mined should avg over 25k per qtr through year end at lower cash cost per CC.    I have no idea what the end result will be but they have some wiggle room on extent of their operational losses

[Goldhound3]

If gold can get back above 1500 then TMM will do just fine if not they will be forced to shut down operations..Right now they are continuing to operate at a loss hoping gold moves back up but they can only do this for so long.. I cant see anyone buying TMM unless they want to mothball it until gold gets back to 1600

[pdcon1]

i think the numbers are off some  tmm may have a small loss with gold under 1200  and were only 30 dollars  away right now and tmm can hold back on spending to balance the books.