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Timmins Gold Corp. (TGD)

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Last Post: 3/28/2017 2:54:34 PM - Followers: 49 - Board type: Free - Posts Today: 0



http://www.timminsgold.com


Overview

Timmins Gold Corp is well positioned for continuous growth as a gold production and development company. The Company owns and operates the open pit heap leach San Francisco Gold Mine in Sonora State, Mexico.

Timmins Gold’s experienced management team has delivered increased mine life and expanded production year over year since commercial production began in 2010.

On the exploration front, Timmins Gold has over 200,000 hectares of claims contiguous to the Mine along the highly prolific Northern Sonora Gold District. Past exploration success around the Mine has significantly increased gold resources and reserves.

Timmins Gold has delivered increased revenues, profits and earnings while maintaining low all-in cash costs.

The combination of production, free cash flow generation and exploration success positions Timmins Gold to deliver increased shareholder value. Timmins Gold trades on the TSX under the symbol TMM and the NYSE-MKT under the symbol TGD.

 

http://www.metalprices.com/


 



700 West Pender Street, Suite 615 
Vancouver, British Columbia 
(604) 682-4002 

(Address and telephone number of Registrant’s principal executive offices) 
CT Corporation System 
111 Eighth Avenue, 13th Floor 
New York, New York 10011 
(212) 894-8700 

355,628,602 Common Shares as of Feb. 2017
http://www.timminsgold.com/investors/share_structure/

8 Analysts cover TGD
http://www.timminsgold.com/investors/analyst_coverage/
 

FISCAL 2016 HIGHLIGHTS
- Stable balance sheet with $33.9 million in cash and working capital of $37.8 million.
- Metal revenues of $123.9 million from 100,480 ounces of gold sold at $1,234/oz.
- Cash provided by operating activities of $34.1 million after changes in non-cash working capital.
- Earnings and comprehensive income of $31.7 million ($0.10/share).
- Cash costs1 of $734/oz and All-in Sustaining Costs1 of $853/oz.

Financial performance
- Metal revenues were $123.9 million compared to $109.2 million during fiscal 2015. This represents a 13.4% increase from the prior year. The primary factor for the increase was an increase in gold ounces sold of 100,480 compared to 93,196 ounces during fiscal 2015. The average realized gold price increased to $1,234 per ounce compared to $1,172 during fiscal 2015.
- Earnings from operations were $37.4 million compared to a loss of $241.8 million during fiscal 2015. The difference was primarily due to an impairment reversal of $23.7 million during fiscal 2016 compared to an impairment charge of $228.4 million -during 2015. Additionally, earnings from mine operations were $34.9 million compared to a loss of $2.9 million during fiscal 2015.
- Earnings and comprehensive income were $31.7 million or $0.10 per share compared to loss and comprehensive loss of $190.3 million or $0.77 per share during fiscal 2015.
- Cash provided by operating activities was $34.1 million or $0.11 per share1 compared to $13.3 million or $0.05 per share during fiscal 2015.
- Cash and cash equivalents at December 31, 2016 were $33.9 million, an increase of $24.7 million from the prior year end. During the year, the Company generated $34.1 million from operations, received $9.2 million in receipts from the sale of the -Caballo Blanco Property ("Caballo Blanco") and received $13.8 million in proceeds from an equity financing. The Company invested $3.8 million on expansion programs, $2.0 million on exploration and evaluation projects, and $13.2 million on the Ana Paula gold project ("Ana Paula" or "the Project"). Also, the Company received $16.0 million of its VAT receivable in cash. Subsequent to December 31, 2016, the Company received $3.5 million of the $4.9 million VAT receivable.
- Working capital at December 31, 2016 was $37.8 million, an improvement of $51.5 million from December 31, 2015. This increase is a result of cash provided by operating activities of $34.1 million compared to $13.3 million during fiscal 2015. - During the year ended December 31, 2016, the Company sold the Caballo Blanco Property and completed a bought deal financing increasing cash by $9.2 million and $13.8 million, respectively. Repayment of the $10.2 million loan facility and $1.5 million debenture leaves the Company debt free.
 

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TGD News: Report of Foreign Issuer (6-k) 03/28/2017 06:02:51 AM
TGD News: Annual Report (foreign Private Issuer) (40-f) 03/21/2017 06:04:47 AM
TGD News: Report of Foreign Issuer (6-k) 03/10/2017 07:13:25 AM
TGD News: Report of Foreign Issuer (6-k) 03/09/2017 06:02:41 AM
TGD News: Report of Foreign Issuer (6-k) 03/01/2017 01:50:21 PM
News News Alert: Report of Foreign Issuer (6-k) 03/28/2017 06:02:51 AM
PostSubject
#1031   May be MM's "shaking the tree." They did Luckydog83 03/28/17 02:54:34 PM
#1030   I wish I had an answer for you, Jiminy Cricket 03/28/17 02:36:23 PM
#1029   Great article! Why TGD going down, rather than up? Luckydog83 03/23/17 10:10:20 AM
#1028   Hopefully this will be to gold and TGD's Luckydog83 03/22/17 05:05:43 PM
#1027   I agree! Luckydog83 03/22/17 05:05:14 PM
#1026   Hoping to get in a dip or two... Luckydog83 03/22/17 05:04:52 PM
#1025   Gonna do some DD tonight on TDG... Luckydog83 03/22/17 05:04:29 PM
#1024   Gold is spiking on market fears TechKim 03/22/17 08:34:18 AM
#1023   new $TGD seekingalpa article Jiminy Cricket 03/13/17 09:38:16 AM
#1022   Hopefully the interest will follow Jiminy Cricket 03/09/17 11:57:33 AM
#1021   "Repayment of the $10.2 million loan facility and TechKim 03/09/17 09:16:22 AM
#1020   2016 report out. Looks pretty good to me. Funkenstien 03/09/17 08:20:48 AM
#1019   I think the reason TGD is being pulled TechKim 03/03/17 11:36:15 AM
#1018   I think the reason this is being pulled Funkenstien 03/02/17 01:04:04 PM
#1017   Manipulated but we patiently wait for TGD to RonGA58 02/28/17 11:55:21 AM
#1016   Maybe your correct. A buy out could be TechKim 02/28/17 09:19:05 AM
#1015   Q4 and full year 2016 results conference call TechKim 02/28/17 09:15:11 AM
#1014   Yeah, IMO manipulated drop Jiminy Cricket 02/27/17 03:44:48 PM
#1013   Earnings out soon, they want your shares. highjaxx 02/27/17 03:14:22 PM
#1012   I really am as puzzled as you are TechKim 02/27/17 02:57:00 PM
#1011   Excellent! I want to buy more small RonGA58 02/16/17 11:43:35 AM
#1010   Gold at $1,240 Keeps creeping upward. TechKim 02/16/17 10:50:42 AM
#1009   Not to far off in the future there TechKim 02/15/17 02:52:00 PM
#1008   I agree the dollar does not look worth RonGA58 02/15/17 08:22:19 AM
#1007   I agree it is a good stock to RonGA58 02/14/17 11:35:11 PM
#1006   I tend to agree with the action looking TechKim 02/14/17 10:09:20 PM
#1005   The price action of so many of the RonGA58 02/12/17 07:17:33 PM
#1004   What ever is suppressing the share price is TechKim 02/06/17 03:56:04 PM
#1003   Get in while it's cheap crash9811 02/02/17 09:52:19 PM
#1002   Love me some TGD, bomb ass new CEO BOOM Jiminy Cricket 01/17/17 09:42:14 AM
#1001   US dollar going to roll over in 2017 IVRT 12/27/16 03:29:20 PM
#1000   The dollar keeps climbing. TechKim 11/24/16 09:34:34 AM
#999   for the first time ever Chinese investors will Bernija1 11/11/16 05:12:48 PM
#998   OUCH...That hurt. Nice gap to fill. Gold isn't 24seven 11/11/16 10:45:51 AM
#997   Nice improvement. Nice volume today. I thought .50¢ 24seven 11/02/16 09:46:33 PM
#996   Numbers released Http://finance.yahoo.com/news/timmins-gold-continues-strong-pe Chuck87 11/02/16 08:48:10 PM
#995   Former Soros Associate Now Says Gold Headed Above $2,000 Bernija1 10/28/16 10:44:21 AM
#994   This work Luke_Stockwatcher 10/23/16 11:27:00 AM
#993   TGD plans to release its third quarter 2016 24seven 10/18/16 06:49:14 PM
#992   TGD Looks like Gold fell below the 200SMA. 24seven 10/06/16 09:19:16 AM
#991   I'm right there with ya! Holding tight! togmaster 10/05/16 03:42:29 PM
#990   I think it is safe to say we Jiminy Cricket 10/05/16 01:07:24 PM
#989   Added more today. Bullish on gold Chuck87 09/12/16 06:08:06 PM
#988   BRAND NEW ANALYSIS ON $TGD, CAN NO DEBT MiltonFriedman9 09/03/16 06:14:37 PM
#987   Just keep avg down. It will retrace. I'm Slydogg27 08/25/16 08:07:00 AM
#986   TGD I to follow closely. Still long on 24seven 08/25/16 12:41:15 AM
#985   Congrats,I got in around 28,sold @ 45 @56 mojo joyo 08/24/16 06:48:38 PM
#984   I did too... still holding half at .15 tnc26 08/24/16 04:06:53 PM
#983   I made great money here,huge profits,this is a mojo joyo 08/24/16 02:46:35 PM
#982   Upgrade to $0.68can. That was before the company TechKim 08/23/16 07:54:42 PM
PostSubject