Timmins Gold Corp T.TMM

NEWS- Timmins Q1 2016 Results; $6.3 Million Earnings

[JMN]

Timmins Gold Reports Earnings From Mine Operations of $6.3 Million for Q1 2016

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 12, 2016) - Timmins Gold Corp. (TSX:TMM)(NYSE MKT:TGD) ("Timmins Gold" or the "Company") is pleased to report its financial results for the first quarter ended March 31, 2016 ("Q1 2016"). The comparative period is the first quarter ended March 31, 2015 ("Q1 2015"). All results are presented in United States dollars ("US Dollars") unless otherwise stated. Readers should refer to the Q1 2016… Read More

[intowin]

Better than I was expecting. Very good all round results. Now to hear what questions will asked at the conference call and the plan going forward. Like the fact they have got the all in costs down. With Ana Paula costs even lower we should get a re pricing. thoughts?

[MisterB]

intowin, I thought the results were pretty good too, especially considering the "poor" forward selling contracts that were entered into in the previous fiscal (Dec, I believe). If management had not entered into those contracts, our average selling price would have been higher.  I am happy to see only 3000 oz are under contract for this Q and TMM should realize an average price of

[DEH1]

Right on intowin:  now next quarter add  @ $1250 AU oz > + $250,000 =$ 6.6m  then double  to $13.2m when Ana Paula comes on board. Pretty good hey what !!! Cheers

[DEH1]

Only one analyist asked a question !! With such excellent TMM results hope we will  SOON get Analyists revised TMM targets. Any quess to what they will be ?? Cheers

[supersport454]

DEH1, I don`t think we`ll be getting a rerating anytime soon. I listened to the call, then read the transcripts. Our interim ceo did not commit to keeping San Fran open. He also said that due to cash constraints, drilling an Anna Paula is not moving too fast. Perhaps this is why the juniors are in rally mode with the price of gold moving up over 1275.00; and we are down. Perhaps we need a