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Last Post: 3/27/2018 11:09:50 AM - Followers: 42 - 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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PostSubject
#1142   Then we should leave it with them it kpisme 03/27/18 11:09:50 AM
#1141   Rye patch shareholders will force you to pay more! Lowjack 03/27/18 09:32:54 AM
#1140   Shit, market stream is down here and on Rookiemove 03/26/18 08:28:36 AM
#1139   Wow, someone is buying a ton of shares, Rookiemove 03/22/18 01:31:11 PM
#1138   New HOD coming for Power Hour!! Rookiemove 03/21/18 02:31:31 PM
#1137   Sorry, that's NGD, all these miners are highjaxx 03/21/18 09:13:10 AM
#1136   It certainly does LOL. BLUEVOODU 03/21/18 09:10:34 AM
#1135   Blackrock..... investor comes in and drops it to highjaxx 03/21/18 09:08:47 AM
#1134   $6.50 looks really good from here! Rookiemove 03/21/18 08:56:52 AM
#1133   From Reuters: BLUEVOODU 03/20/18 03:16:52 PM
#1132   It is tempting. I feel like I'm BLUEVOODU 03/20/18 12:39:11 PM
#1131   Yeah, doesn't make much sense, does it? Jiminy Cricket 03/20/18 12:04:17 PM
#1130   This doesn't make sense. They are going BLUEVOODU 03/20/18 09:40:43 AM
#1129   Time to push in the other direction... BLUEVOODU 02/27/18 01:43:08 PM
#1128   Nice day today... Go Gold and ALO kpisme 01/02/18 04:37:05 PM
#1127   Bouncing ball is right... It needs to bounce BLUEVOODU 11/28/17 12:08:04 PM
#1126   Follow the bouncing ball with this PPS, kpisme 08/23/17 04:43:54 PM
#1125   Well are you not the picky one. lol! TechKim 07/06/17 03:27:00 PM
#1124   Thanks, TK Jiminy Cricket 07/06/17 03:00:31 PM
#1123   The board has been changed to ALO thanks TechKim 07/06/17 02:50:49 PM
#1122   We can just no body has contacted ADMIN. TechKim 07/06/17 02:18:36 PM
#1121   Why can't we get this to reflex ALO! kpisme 07/06/17 10:16:12 AM
#1120   $0.40 pre split = $4 a share in TechKim 07/06/17 09:38:52 AM
#1119   The financing is a done deal. The chart TechKim 07/06/17 09:33:37 AM
#1118   What happened today? Investors didn't like the BLUEVOODU 06/14/17 04:03:58 PM
#1117   Difficult, You would think not. I had kpisme 06/14/17 02:13:56 PM
#1116   Will this board / site be changed to BLUEVOODU 06/14/17 12:49:01 PM
#1115   I Also agree with this. BLUEVOODU 06/12/17 05:11:23 PM
#1114   Glad I held on... normally R/S's suck. BLUEVOODU 06/12/17 05:07:48 PM
#1113   Thanks, Tech Jiminy Cricket 05/31/17 10:47:07 AM
#1112   You did it correctly. Stop hammering the hindsight. TechKim 05/27/17 06:23:10 PM
#1111   There's no rush,patience can be rewarding?? bcraig1688 05/24/17 07:44:25 PM
#1110   Makes me SOO mad I sold...........I could've rebought Jiminy Cricket 05/23/17 09:21:55 AM
#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
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