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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Timmins Gold Corp > Are we expecting the operating loss and writedown today?

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Post by terryow on Oct 23, 2015 12:12pm

Are we expecting the operating loss and writedown today?

after hours maybe or Monday? EOM

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Comment by colt451 on Oct 23, 2015 12:19pm

lol they're reporting on Tuesday - I just started buying up shares today @ .30/share.

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Comment by terryow on Oct 23, 2015 12:23pm

Well Tuesday then when they release the bad news. Might be a share dump that day. Afterall they fired the CEO and said the mine plan has failed. The company obviously lost millions this quarter.

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Comment by colt451 on Oct 23, 2015 12:26pm

Maybe - I only picked up 85,000 shares, I kept anothe 35k back to pick up more if they do report a horrible quarter. I think its more likely that they report a bad quarter financially (which every gold miner will do) and then follow up with a new strategic plan that the market likes. GLTA.

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Comment by Czicfwillgetermit on Oct 23, 2015 12:34pm

Most miners have gotten their impairment charges behind them already. I could easily see a $50 million dollar charge but thats more than reflected in market cap. As far as losses for the qtr it will be interesting to see if B actually got the production up with his new crushers and leach pads while fixing dilution issue. If that was the case and thats a big If then ...more

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