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Timmins Gold Corp. (TGD)

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Last Post: 5/22/2017 9:41:36 PM - Followers: 48 - 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
Current Price
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Bid Ask Day's Range
TGD News: Report of Foreign Issuer (6-k) 05/16/2017 01:56:00 PM
TGD News: Report of Foreign Issuer (6-k) 05/15/2017 06:04:56 AM
TGD News: Report of Foreign Issuer (6-k) 05/12/2017 06:05:06 AM
TGD News: Report of Foreign Issuer (6-k) 05/11/2017 06:03:04 AM
TGD News: Report of Foreign Issuer (6-k) 05/02/2017 05:11:48 PM
PostSubject
#1109   Yes It was nice to see that,apparently there's bcraig1688 05/22/17 09:41:36 PM
#1108   TGD (alio gold) is having the best day Meximus 05/22/17 02:56:10 PM
#1107   speaking of that... looks like we need to BLUEVOODU 05/16/17 02:06:13 PM
#1106   You mean ALO? kpisme 05/16/17 01:35:52 PM
#1105   Changed to ALO with reverse split ThinkSustain 05/16/17 10:49:55 AM
#1104   What's up with TGD ? CrazyKar123 05/16/17 10:29:42 AM
#1103   I don't know about you guys... but I'm BLUEVOODU 05/15/17 05:13:31 PM
#1102   At this point... somehow I wouldn't doubt $7-8 BLUEVOODU 05/15/17 03:24:37 PM
#1101   Sentiment could favor a lower bottom side, and TechKim 05/12/17 03:25:40 PM
#1100   A lot of positive news in the wire. Meximus 05/12/17 02:57:11 PM
#1099   Confirmed... they executed the 1:10 split. At BLUEVOODU 05/12/17 10:20:50 AM
#1098   The graphs as of today are a little BLUEVOODU 05/12/17 09:52:42 AM
#1097   May 12th is the shareholder meeting. The company TechKim 05/11/17 04:02:01 PM
#1096   Definitely happy for the progress since the beginning BLUEVOODU 05/02/17 02:29:37 PM
#1095   The market seems to like TGD as it Never_Post 05/01/17 04:24:48 PM
#1094   No, I voted for the reverse split. Never_Post 05/01/17 11:03:23 AM
#1093   Never received it. BLUEVOODU 05/01/17 10:45:04 AM
#1092   Proxy Vote from Ameritrade and Etrade. Never_Post 05/01/17 10:40:03 AM
#1091   Still haven't seen the materials... assuming you mean BLUEVOODU 05/01/17 10:08:17 AM
#1090   Haven't seen it yet... Keeping an eye out BLUEVOODU 04/26/17 04:39:39 PM
#1089   They already sent out the voting materials for Never_Post 04/26/17 11:04:53 AM
#1088   Did you all read the new 6-k? BLUEVOODU 04/26/17 10:32:53 AM
#1087   I think it would be a wise move BLUEVOODU 04/25/17 04:23:44 PM
#1086   On the NYSE you deal with dollar flippers kpisme 04/24/17 02:36:27 PM
#1085   I agree with you. It can fall from TechKim 04/24/17 02:34:42 PM
#1084   They already did a dilution last year to Meximus 04/24/17 02:16:21 PM
#1083   It was headed upwards again until the R/S BLUEVOODU 04/24/17 10:46:29 AM
#1082   I get that... but it's still crappy BLUEVOODU 04/24/17 10:03:27 AM
#1081   Here are the NYSE listing requirements .39 cents Never_Post 04/24/17 09:34:10 AM
#1080   Management has the closest view of their situation kpisme 04/24/17 09:15:43 AM
#1079   Your right about one thing. The reverse split TechKim 04/23/17 04:26:22 PM
#1078   I'm in too... unfortunately, bought at the wrong BLUEVOODU 04/21/17 07:41:23 PM
#1077   You actually did the right thing for the TechKim 04/21/17 10:20:23 AM
#1076   I like TGD and started a position. kpisme 04/21/17 09:34:48 AM
#1075   That is the question? Who knows! Not to TechKim 04/21/17 08:55:38 AM
#1074   It will need volume for that to happen Jiminy Cricket 04/20/17 10:39:54 PM
#1073   Right now at 10 to 1 it would Never_Post 04/20/17 09:05:26 PM
#1072   About 25% more, but the other way would Meximus 04/20/17 06:58:03 PM
#1071   10 to 1 will not make TGD a TechKim 04/20/17 06:33:02 PM
#1070   The reverse split is needed to move them Never_Post 04/20/17 05:10:24 PM
#1069   GDXJ, don't think so, right? kpisme 04/20/17 09:45:05 AM
#1068   Reverse splits are just accounting tricks. Usually a Meximus 04/19/17 09:38:27 PM
#1067   Also, The R/S hasn't been approved yet. BLUEVOODU 04/19/17 09:58:17 AM
#1066   You're welcome. It was bad timing BLUEVOODU 04/19/17 09:49:20 AM
#1065   Thanks, BLUE Jiminy Cricket 04/19/17 09:36:02 AM
#1064   Let me try again... I think the trailing BLUEVOODU 04/19/17 09:34:04 AM
#1063   Thanks! Damn though, I hate R/S's ugh Jiminy Cricket 04/19/17 09:30:03 AM
#1062   https://www.juniorminingnetwork.com/junior-miner-news/press-releases/896-tsx/tmm kpisme 04/19/17 09:27:47 AM
#1061   That link does not work and I cannot Jiminy Cricket 04/19/17 09:25:51 AM
#1060   They just posted the Form 6-k... the information BLUEVOODU 04/18/17 03:50:31 PM
PostSubject