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 > TMM will still have next to zero cash and another op loss

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Post by johncolt on Mar 04, 2016 9:15am

TMM will still have next to zero cash and another op loss

They will still need a financing to have enough working capital. and gold grades keep diminishing here.

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Comment by intowin on Mar 04, 2016 9:23am

It's easy enough to work that into a deal. I'm thinking on a JV with Gold Corp on Ana Paula.

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Comment by johncolt on Mar 04, 2016 9:25am

Goldcorp announced that it is still cutting costs and focussing on their already owned projects

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Comment by intowin on Mar 04, 2016 9:31am

This would be peanuts for them. Good opportunities you don't pass up. Watch the volume closely. Much like TGM in the pass month.

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Comment by silverstarz on Mar 04, 2016 10:30am

Agreed there are many possibilities at this point and that is what makes this story so superb. 3 months ago no options and now with the resurgence in the price of gold almost a whole new slate. We need to get the debt repaid and focus on taking cash flow from SF and applying it to getting these projects ready to mine. I love the fact the this is one of the most active boards right now.. keep on ...more

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Timmins Gold Corp