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Southpen, I also recieved my proxy today, and WILL follow this boards (ihub) recomendations. I usually do not bother with proxys, but this story is so bad that it is worth it. What I thought was a secure investment a couple of years ago has now become one of my biggest disasters in 25+ years of investing!!! And I was dunb enough to add 50% more at .97 STINKS LIKE HELL
By abstaining, do you mean just do not vote either way on your recomendations??? Blasutti, Agro & Riley
However, I do not see Brock listed on my proxy.
"7. Brock ; Vote;AGAINST (part of the merger)"
Is he not running for re election. And is the board being cut down to 8. The 8 shown on my proxy??
Looks to me like Agro came with Blasutti so if we vote for Blasutti a vote for Agro would probably be appropriate.
Looks like Riley is somehow new, since he just recieved his ICD.D
designation. Do not know which way to go with him.
ANY NEW INFO ABOUT THESE GUYS APPRECIATED.
Jeesh, silver spot at $22.50 this morning. Only $3.50 above ussif cost to produce. Hope they have plans in place if this crash contimues!!! Not much room for profit at this level!!!
Nice Q1 report. $18.4m after all expenses (cash on hand) and reasonable ($703) per oz. extraction cost. Good future for this one..
Timmins Gold Reports Record Profit From Operations of $19.3 million and Record Earnings Per Share of $0.10 for Q1 2013
Date : 05/08/2013 @ 6:00AM
Source : Marketwired
Stock : Timmins Gold Corp Common Shares (Canada) (TGD)
Quote : 2.27 0.0 (0.00%) @ 2:05AM
Timmins Gold Reports Record Profit From Operations of $19.3 million and Record Earnings Per Share of $0.10 for Q1 2013
PrintAlert
Timmins Gold Corp Common Shares (Canada) (AMEX:TGD)
Intraday Stock Chart
Today : Wednesday 8 May 2013
Timmins Gold Corp. (TSX:TMM)(NYSE MKT:TGD) (the "Company") is pleased to report its financial results for the first quarter ended March 31, 2013. The comparative period is the three months ended March 31, 2012. All results are presented in United States dollars ("US Dollars") unless otherwise stated. Readers should refer to the 2013 management discussion and analysis and consolidated financial statements for complete information.
FIRST QUARTER HIGHLIGHTS
-- Metal revenues were a record $45.9 million, compared to $35.7 million
during the same prior year period. This represents a 29% increase over
the prior year.
-- Profit from operations was a record $19.3 million, compared to $13.0
million during the same prior year period. This represents a 48%
increase over the prior year.
-- Earnings were a record $14.3 million or $0.10 per share, compared to
$5.6 million or $0.04 per share during the same prior year period. This
represents a 155% and 150% increase, respectively, over the prior year.
-- Cash flows from operations were $21.8 million or $0.15 per share,
compared to $13.1 million or $0.09 per share during the same prior year
period. This represents a 51% and 67% increase, respectively, over the
prior year.
-- Cash at March 31, 2013 was $26.9 million after investing $15.0 million
in exploration and plant expansion during the quarter. Cash at March 31,
2012 was $18.4 million after investing $5.8 million in exploration and
plant expansion.
-- The Company produced a record 28,328 ounces of gold and sold a record
28,642 ounces of gold, compared to 21,532 and 21,235, respectively,
during the same prior year period. This represents a 32% and 35%
increase of ounces produced and sold, respectively, over the prior year.
-- The Company's cash cost per ounce on a by-product basis was $703,
compared to $715 during the same prior year period. This decrease in
cash costs is due to cost reduction initiatives implemented in 2012
including a reduction in mining services cost and a reduction in the
cost of chemicals, as well as higher grades realized in the current
quarter.
-- The drill program for the Gold Property continued in Q1 2013 with a
total of 86,023 meters drilled:
-- A total of 50,803 meters of drilling were completed in and around
the San Francisco open pit gold mine ("the Mine");
-- A total of 21,030 meters were drilled on the La Chicharra open pit
gold mine ("La Chicharra") located two kilometers west of the Mine;
and
-- A total of 11,753 meters were drilled in exploration areas around
the San Francisco and La Chicharra pits with an additional 2,437
meters of core drilling.
-- Significant milestones:
-- During March 2013, the Company produced and sold a record 12,457 and
15,396 ounces of gold, respectively, and processed a record average
of 19,908 tonnes per day.
SUMMARIZED ANNUAL FINANCIAL STATEMENTS AND OPERATING RESULTS
----------------------------------------------------------------------------
First Quarter First Quarter
US dollars (thousands) unless otherwise Ended Ended
indicated March 31, 2013 March 31, 2012
----------------------------------------------------------------------------
Gold sold (oz) 28,642 21,235
----------------------------------------------------------------------------
Silver sold (oz) 14,313 11,170
----------------------------------------------------------------------------
Metal revenues $ 45,889 $ 35,688
----------------------------------------------------------------------------
Production costs, excluding depletion and
depreciation $ 20,505 $ 15,585
----------------------------------------------------------------------------
Profit from operations $ 19,253 $ 13,043
----------------------------------------------------------------------------
Earnings $ 14,291 $ 5,623
----------------------------------------------------------------------------
Earnings per share, basic and diluted $ 0.10 $ 0.04
----------------------------------------------------------------------------
Cash flows from operations $ 21,824 $ 13,131
----------------------------------------------------------------------------
Total cash, end of period $ 26,852 $ 18,432
----------------------------------------------------------------------------
Total assets, end of period $ 239,075 $ 214,647
----------------------------------------------------------------------------
Total by-product cash costs per gold ounce $ 703 $ 715
----------------------------------------------------------------------------
Average realized gold price per gold ounce $ 1,602 $ 1,681
----------------------------------------------------------------------------
"Q1 was the Company's strongest quarter to date as evidenced by record profit from operations and earnings per share," stated Mr. Bruce Bragagnolo, CEO of Timmins Gold Corp. "The cost reduction initiatives the Company initiated in 2012 are having a positive impact. We added a significant amount of cash to our balance sheet despite a relatively large capital spend during the quarter, mainly related to the infill drilling program which is almost completed. At current gold prices the Company expects to continue to materially add to its cash balance throughout the year."
Reminder of Q1 2013 results conference call:
The Company's senior management will host a conference call to discuss Q1 2013 financial results on May 8, 2013 at 11:15 am (EST). Participants may join the call by registering online through a link on the Timmins Gold website homepage www.timminsgold.com and entering the following passcode 452728 or following this link http://selfreg6.bellconferia.ca/webportal3/reg.html?Acc=1264852366&Conf=125083. After entering your information, you will be given a passcode and pin that you will need to join the conference call on May 8. Participants may join the call by dialing toll free 1-888-789-9572 (Canada and U.S.) or 1-416-695-7806 (International) and entering their personal passcode and pin. A replay of the call will be available after the call until May 14, 2013, by dialing 1-800-408-3053 (Canada and U.S.) or 1-905-694-9451 (International) with the passcode 4258434. A live and archived audio webcast will also be available at www.timminsgold.com.
About Timmins Gold
Timmins Gold is in commercial gold production at its wholly owned San Francisco Gold Property in Sonora, Mexico. The mine is an open pit heap leach operation from which Timmins Gold has projected production of 125,000 to 130,000 ounces of gold in 2013.
On behalf of the Board:
Bruce Bragagnolo, LLB, Chief Executive Officer
Cautionary Note Regarding Forward-Looking Statements
How to become a millionaire investing in srsr? Easy to do. Invest two million today.
Looks like .02 comming to this neighborhood again soon. News release day today, and as normal, nothing from this ahhum, leadership, again.
couple mil. bought at the end of last week, and soon to be a couple mil. sold a few days later. The rinse & repeat cycle continues like so many times in the past with this stock.
I also agree cee-it.
Moojer, " still nothing from Scott. His lack of transparency is astonishing."
Gotta understand that srsr is just scotts toy. Lack of transparency indicates that he is not playing with this toy very much right now, or for the last 4.5 years, for that matter.
It has been rumored that he considers shareholders to be like children. VERY DISRESPECTFULL...
I believe that he has plenty of family money & does not need an income from srsr, at least at this time. Just considers srsr to be some type of insurance policy if he really needs it in the future. Or if a golden goose lays an egg at his front door without him having to squeeze/finagle it out of the goose.
gold & silver up a little on the day, but certianly not this POS, AND pos does not stand for price of silver....
Soon to be in the .80 cent range, and waiting to accumulate more when we get back top .28...
Wow, the following shure is a load of crap..
" automobiles will be built with lighter HSLA steel, allowing an equally strong body with less material and better fuel economy. Many of the manufacturers who are using aluminum currently are looking at changing to HSLA steel because it is more ductile and techniques to machine and join it are well established."
Sheesh, that aluminum is REALLY hard to machine and form. The machinists of the world must ABSOLUTELY HATE the stuff!!!!
Only 1 reason to look at steel, and that is lower cost & larger, more readily available supply. And don't forget the durability issue called engineered obsolesence. Aluminum lasts to long, NO RUST EQUALS LESS REPEAT/FORCED new car sales....
"This scenario on top of Scotts ongoing uselessness will bring this company down and IMO the triple zero's are realistic."
Sheesh, and don't forget how well he has performed with shining tree!! My god, he could have had a jv for this project 3-4 years ago, and been PROFITABLY mining by now. But looks like superior managment prevailes once again. MY OH MY, he has avoided disaster given the dump in PM's. What a smart guy.
sub $1.00 comming soon. Just a swell stock to be in!!!!
They should be valued at less than cash on hand. Because with this managment team, the cash on hand could evaporate in about 1 day. I do not care about the technicals OR the fundamentals, if you have criminals running the ship, how are you going to trust them. BOBS 666 cult MANAGMENT included along with the banksters.
No, the stock was at around .28 before the 1 for 5 reverse split.
And I am unwilling to buy even one single more share unless the price once again reaches .28 AS THE SHARE STRUCTURE NOW STANDS.
Lots of better companys out there to choose from....
I'll buy more, when this gets back to .28 pre-split price. Not worth any more than that, from what I can see.
BIG managment issues involved. Looks like they %#**ed in their wheaties.
Will be below a dollar again SOON, irregardless of silver spot price.
Yep. I bet we bounce way back up to $1.40 Unbeleivably pathetic stock and corporate performance. The word treason comes to mind...
Moojer, don't forget about the ceo's lack of interest in correcting the CTO put on by the British Columbia exchange several years ago. AND NOT ADDRESSED by this ceo...
Looks like they where correct in what they did....
good. MAYBE i will sell them 10k at .15, but i doubt it.
Oh wow, check this out. .07 bid - .08 ask
Smitter, I do not think that their is any meaningfull short position in this stock. I believe that the price drop to the low .03's was just due to everyone knowing that nothing positive would happen Last winter with nbri.
.0572 is the 200 day moving average. Would be quite positive to close above it in the next couple of days. Then next BIG level will be a golden cross (50 day moving above 200 day in the daily). But we have a way's to go before this happens. But the chart certianly looks like it could happen in 1.5 - 3.0 month time frame. Correlates well with a spring start up.
Nice buy smitter. Bid following price up, so nbri should close well today.
Speculative buyers have the right to be aware of the questions and risks.
I just went back and checked my first buy here. .0175 for smitters info.
Jeesh, had a change of heart and bought out the remainder of the .042's Just to divulge honesty. Now, do I get a bravo, or not...
Bruce, you're the ultimate dreamer. Do you even remotely think that I would miss a price move to .27-.45 without being able to get more WAY before that. C'mone man, get real.
Welcome new poster smitter.
But you're late to the party. I been around here for 5 years now, and have long known what you just stated.
About the "chance of ore being pulled within 1 year". It better be within 4-5 months, or I certianly will not be much interested in adding to an already nice position.
I just do not post much on this board.
Not much of a positive reaction so far today. Obviousely not all bad news tho.
But to many questions left unanswered for me to want to buy more at this time.?
1. Does this Telegraph mine have ore stock piled?
2. Is it minable at the PRESENT time. In other words, Will they be pulling ore out of the ground IMMEDIATELY this spring, when the roads clear?
3. If not presently in production, how long to production?
4. How much ore can they produce in a single day?
5. This announcement is just another letter of intent. A dime a dozen on the pink sheets. What will the final numbers be IF an aggrement is reached?
6. How much ore can they truck in one day?
7. Big unrelated question to me is still HOW MANY DAYS OF WORK ARE STILL REQUIRED TO COMPLETE THE RE-HAB. WORK ON THE RUBY.
Well, here we are over 1/2 way thru the trading day, and not one single share has traded at the ask....
GO SRSR
"familiar with the story" I have read 99% of the posts on this board for 5 years+ Can you say that??
dumbao- The soe could stop work at any moment even if they are still working on it.. Scott could PR this a year from now. Are you putting unwavering trust in Scott. I NO LONGER do!!
"The next key piece of information will be the report from the SOE"
If we ever see the report. The last PR is really a piece of garbage. No one has any clue of how far along the soe is with this. Could be that they crushed and analysed 10% and decided not to waist anymore time on it, or 50% or 90% or maybe it is really complete. Maybe results are good, maybe bad.
270k shares today, all traded at the BID. Means the MM'S are willing to sell at the bid, or others are selling to them.
GO SRSR
Another failure on the company's part. Called investor awareness. Maybe you should call Merle about this.
Well, you can say the same thing about srsr. Been lots longer than 10 years for them, and still nothing. In spite of the colorado school and Gulf saying that it was feasable. Your looking at like appx 60 years, and still no mining.
Yes, another example of inept managment. ceo should have put merle out panning for niobium. Improper utilization of personnel..
The stock went public in mid 2006 at under $2 share, and started it's major move in mid 2009. I was wrong in stating 2 1/2 years. It was actually 3 1/2 years before they got into production.
"And since August 1st, 2012 it has been 234 days that the SOE has spent developing crucial beneficiation and separation processes using Niostar ore ON THEIR OWN DIME"
You seem to be forgetting that the soe has offered this data/info. for sale to srsr WHEN completed. CEO has made no indication that he would be willing to even buy it and at WHAT COST, if the soe backs out. And backing out is what appears to have happened here.
"So Niostar will be over 7 years to the construction phase but how much over depends on when the above financing is secured."
7 years is COMPLETELY unacceptable to me for one.
I watched and was invested in a start up gold mine that went from drilling to milling in about 2 1/2 years. But they truly had top notch managment that knew how to do everything right. However SRSR ceo is obviousely not in these guys league. And appears to not be willing to take pages from other SUCCESSFULL start up operations.
The stock went from nothing to $28-29 within a couple of years.
Come on Scott, get with the program, or get someone that can.
Meaningless. It can evaporate in a heart beat (key stroke). Marketmaker games, all in collusion. Does not mean that their is a strong hand buyer out there.
Have you been reading malc stones posts. He explains the problem quite well.
Whatever o/s & float numbers you are looking at are out dated, since they run at least 1/4 behind the current date.
And yes, I do hold shares in NBRI. At least for a while longer. I just believe full honesty is much better than pure pump statments.
Regards
So, in other words, our near term future is not golden, it's a noisy golden retreiver, right. Can the Ruby potentially produce enough revenue to offset this dilution (based on past production?? Has anyone been up around the Ruby mine lately? Are the roads passable or not?
Ruby MUST get into production this summer, and the earlier the better.
Frazier and Wright situation?? Can not figure out why Perry would demand audited financials from Wright. Better get this situation fixed, and also, the earlier the better.
Gotta see gold this year. EB-5 may come thru if some production shows up...
Where are your facts to support this bold statment...
Million dollar question is when.
within 3 months
within 1 year
within 3 years
within 5 years
I have held a meaningfull # of shares for 5 years. Did a little trading durring that period with an outcome of about break even.
But can no longer continue to hold a large (relative to my account size) position. Something VERY positive has to happen before I will return. I have a couple of others that are doing very well, so why should I continue to ride this one. Money can be put to better use.
Unfortunately, with more time and checks, comes more money that will be needed to pay back those writing the checks, and scotts, and probably others) deferred compensation piles up. All not good for the shareholders.
In your opinion...