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Home  |  Community  |  Markets  |  Portfolio

Timmins Gold Corp T.TMM

Sector: Metals & Mining | Sub-Sector: Gold
Alternate Symbol(s):  TGD

Timmins Gold Corp is a gold production and development company. The Company is in the business of acquiring, exploring, developing and operating mineral resource properties in Mexico, through its wholly-owned subsidiaries.
Price: $1.02 | Change: +$0.04 | %Change: +4.08%
Volume: 350,572 | Day High/Low: 1.03/0.98 | 52 Week High/Low: 2.12/0.97

Timmins Gold Corp > FUNDAMENTALS

July 11, 2014 - 09:43 PM 259 Reads
Post# 22738781
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FUNDAMENTALS

firecracker:  Two days ago you posted the following

Fundamentals

Now that the Sentry diversion is over it is time to focus on the fundamentals of TMM again. What matters now is production, gold price and cash on hand. Production numbers should be out around August 8. I expect production of 33,500 ounces. I expect production guidance for 2014 to be increased from the current 115,000-125,000 ounces. With over 68,000 ounces produced in the first half of 2014(IMHO) that is much too low. The current gold price of $1,326 is $46 above the average selling price of quarter 1. This adds $1.5M to revenue and cash flow. It is likely that TMM currently has over $50M in cash on hand and that number is continuing to grow at the rate of about $10M per quarter. Look to TMM to have $70M in cash by yearend before paying off the remainder of it's debt.

  I totally agree with you that > "What matters now is production, gold price and cash on hand."  Your  current price gold @ $1,326 is $46 above the average selling price Q1 > Yesterday we learned that the selling price Q2 was $1,289, so you can forget your expectaton for an additional  $1.5M to Q2 Revenue.  You believe believe that TMM currently has over $50M in cash on hand etc.  T think you are wrong in your assumptions, however we should know by August 8th.

  After having decided to sell in June @ $1.83 cnd & buy back when the price would fall,
you report having bought back in 50% less volume than your original 100%.

  Wishing you LOL