Last C$1.12 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:18 PM 02/26/15 All times are local (Market data is delayed by at least 15 minutes).

timmins gold corp (TMM) Snapshot

Open
C$1.07
Previous Close
C$1.12
Day High
C$1.12
Day Low
C$1.06
52 Week High
07/21/14 - C$2.12
52 Week Low
12/23/14 - C$0.97
Market Cap
201.5M
Average Volume 10 Days
1.5M
EPS TTM
C$0.05
Shares Outstanding
179.9M
EX-Date
--
P/E TM
18.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for TIMMINS GOLD CORP (TMM)

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timmins gold corp (TMM) Details

Timmins Gold Corp., through its subsidiaries, is engaged in the acquisition, exploration, development, and operation of mineral resource properties in Mexico. The company primarily explores for gold. It owns and operates the San Francisco gold mine located in Sonora. The company also holds 100% interests in mining concessions in the region of Mazapil-Concepcion del Oro; San Onesimo property located to the southeast of the Peñasquito gold deposit; and Patricia, Norma, El Picacho, El Durazno, La Mexicana, and La Pima properties located in the state of Sonora. In addition, it holds interests in the El Capomo target comprising 3 mining concessions with approximately 9,786 hectares located in the state of Nayarit. Timmins Gold Corp. was incorporated in 2005 and is headquartered in Vancouver, Canada.

Founded in 2005

timmins gold corp (TMM) Top Compensated Officers

Co-Founder, Chief Executive Officer and Direc...
Total Annual Compensation: C$450.0K
President, Member of Mergers & Acquisitions C...
Total Annual Compensation: C$450.0K
Chief Financial Officer
Total Annual Compensation: C$212.5K
Vice President of Business Development
Total Annual Compensation: C$200.0K
Vice President of Corporate Development
Total Annual Compensation: C$175.0K
Compensation as of Fiscal Year 2013.

timmins gold corp (TMM) Key Developments

Newstrike Capital Inc., Timmins Gold Corp. - M&A Call

To discuss the business combination

Timmins Gold Corp. Provides Update on Diamond Drilling at its San Francisco Mine, Sonora State, Mexico

Timmins Gold Corp. announced that recent diamond drilling at its San Francisco Mine, Sonora state, Mexico, has confirmed the presence of at least three, high-grade, sub-parallel, gold bearing structures, all of which are located approximately 50-100 metres from surface along the south wall of the current open pit. Exploration information indicates that the lenses extend up to 300 m along strike and 200 m down dip. Select results include: 4.5 m averaging 5.5 g/t Au at 9 m downhole (TFD-153); and 3.0 m averaging 6.2 g/t Au at 6 m downhole (TFD-160). Additionally, the company carried out an RC drill program adjacent to existing pit operations which has supported the interpretation of the underground structures and which demonstrates the potential for higher near-term open-pit grades at current operations. Select results include: 29.0 m averaging 3.5 g/t Au at 18 m downhole (TF-3609); and 13.8 m averaging 8.0 g/t Au at 46 m downhole (TF-3594). During the last quarter of 2014, the Company completed 2,172 m in 20 diamond drill (core) holes evaluating the area immediately south of the current pit. The drilling was designed to follow up on the theory of Timmins Gold geological staff that the orogenic nature of the deposit may provide the potential for the discovery of high grade feeders. Previous drill results have indicated the presence of high grade structures proximal to and down dip of the existing pit. Drilling was oriented along rough NE section lines spaced 50 to 100 m apart. Predominantly vertical holes were drilled to test the continuity of mineralization from surface to below the current pit. Grades and widths intersected by the recent drilling compare well to the historical data. Interpretation by company geologists has identified three distinct structural zones in the southern wall of the San Francisco pit that remain open at depth. The lenses average approximately 4 m in thickness, lie within 50 to 100 m of the current open pit limit, and dip between 30 to 45 degrees to the N-NE. Exploration information indicates that the lenses extend up to 300 m along strike and 200 m down dip (this does not include the down dip extensions of the lenses, which have not yet been drilled sufficiently to warrant interpretation). Timmins completed 9,046 m of drilling in 73 reverse circulation ("RC") holes at various locations throughout the pit. These holes were designed to provide additional information to support operations and also to test areas where prior positive drill results warranted follow-up drilling. The 2014 RC drilling program, carried out adjacent to current operations, was very encouraging. Several holes intercepted significant mineralization over good widths at relatively shallow distances from surface. This could indicate the potential for an improvement in grades in near-term operations. Holes TF-3594 and TF-3595 are of particular interest since they were drilled to the east of the pit in an area with relatively little historical information. They indicate the potential for the high grade structures from the south wall to extend upwards to the eastern wall of the pit and are potentially the extension of the original San Francisco gold vein. This lends further support to the interpretation of the high-grade structures at the south wall.

Timmins Gold Corp. Announces that its 2014 Drill Program Identifies Potential Satellite Deposits on the North Trend

Timmins Gold Corp. announced that its 2014 drill program has identified potential satellite deposits on the North Trend located approximately 2-8 km north of the company's San Francisco Mine, located in northern Sonora, Mexico. During 2014 Timmins Gold completed a drill program of approximately 25,000 meters (m) in a combination of core (DH), reverse circulation (RC) and rotary air blast (RAB) drilling on the North Trend, a cluster of high priority targets to the north of the San Francisco Mine identified by previous prospecting and exploration. In 2014 Timmins Gold also completed a drill program underneath and immediately behind the San Francisco Pit. Timmins Gold also drilled a total of approximately 3,600 m in a combination of RC and core at the Marisol target approximately 16 km east of the San Francisco Mine. Timmins Gold geological staff concluded that the results did not warrant further work and the option on the property will not be exercised. The North Trend extends approximately 2-8 km north of the San Francisco Mine, and includes the Vetatierra and Area 1B targets. These targets were drilled due to their similarities to the San Francisco deposit in terms of mineral composition, rock type, structure, and potential size. Also similar to San Francisco, the areas are populated by numerous quartz and quartz-tourmaline veins/veinlets and granite which, at San Francisco, indicate the presence of gold. The first phase drill program met its objective of identifying potential deposits similar to San Francisco or La Chicharra that could act as a satellite pit to the existing operations. All widths reported below are not true widths unless otherwise stated.

 

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Price/Earnings 16.3x
Price/Sales 0.8x
Price/Book 0.7x
Price/Cash Flow 16.8x
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