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Last C$0.72 CAD
Change Today +0.01 / 1.41%
Volume 584.2K
TMM On Other Exchanges
Symbol
Exchange
Toronto
NYSE Amex
Frankfurt
As of 3:59 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

timmins gold corp (TMM) Snapshot

Open
C$0.71
Previous Close
C$0.71
Day High
C$0.72
Day Low
C$0.70
52 Week High
07/21/14 - C$2.12
52 Week Low
04/23/15 - C$0.70
Market Cap
129.5M
Average Volume 10 Days
1.2M
EPS TTM
C$0.07
Shares Outstanding
179.9M
EX-Date
--
P/E TM
8.7x
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, engages in the acquisition, exploration, development, and operation of mineral resource properties in Mexico. It primarily explores for gold. The company owns and operates San Francisco Property, which includes the San Francisco open pit gold mine and the associated La Chicharra open pit gold mine in the state of Sonora, Mexico with approximately 200,000 hectares of exploration claims in and around the mines. It also owns 100% in the Caballo Blanco project containing 13 mineral concessions with approximately 23,694 hectares in Veracruz State, Mexico. The company also holds 100% interests in TIM Claims in the region of Mazapil-Concepcion del Oro; and Patricia, Norma, El Picacho, El Durazno, La Mexicana, and La Pima properties located in the state of Sonora. 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$470.8K
President, Member of Mergers & Acquisitions C...
Total Annual Compensation: C$449.4K
Chief Financial Officer
Total Annual Compensation: C$275.0K
Vice President of Corporate Development
Total Annual Compensation: C$208.8K
Vice-President of Exploration and Member of M...
Total Annual Compensation: C$253.2K
Compensation as of Fiscal Year 2014.

timmins gold corp (TMM) Key Developments

Timmins Gold Corp. Reports Production Results for the First Quarter Ended March 31, 2015

Timmins Gold Corp. reported production results for the first quarter ended March 31, 2015. For the period, the company achieved production of 24,374 gold equivalent ounces for the quarter. Ore Processed was 2,074,788 (Dry t) compared to 2,122,650 (Dryt). Average Grade Processed was 0.53(g/t Au) compared to 0.76 (g/t Au) a year ago. Low Grade Stockpiled was 112,206 (t) compared to 288,021 (t) a year ago. Average Grade Stockpiled was 0.26(g/t Au) compared to 0.26 (g/t Au) a year ago. Waste Mined was 5,997,897 (t) compared to 5,520,468 (t) a year ago. Gold Produced was 24,155 (oz) compared to 35,413 (oz) a year ago. Silver Produced was 15,309(oz) compared to 26,648 (oz) a year ago.

Timmins Gold Corp. Provides Capital Expenditure Guidance for 2015

Timmins Gold Corp. provided capital expenditure guidance for 2015. So budget for fiscal 2015 all CapEx, about $7 million; sustaining CapEx, $2.2 million; Sandvik payments, $1.3 million.

Timmins Gold Corp. Announces Unaudited Consolidated Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2014

Timmins Gold Corp. announced unaudited consolidated earnings and production results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported metal revenues of $30.400 million compared to $41.516 million a year ago. Loss from operations was $1.854 million compared to earnings from operations of $9.245 million a year ago. The Company had a loss of $3.7 million, compared to a loss of $4.7 million for the fourth quarter of 2013. Cash flows used in operating activities of $2.726 million compared to $15.243 million a year ago. The main drivers of this change over prior year are a decrease in ounces sold and average realized gold price for the current period resulting in a loss before income taxes of $3.2 million, compared to earnings before income taxes of $9.5 million during fourth quarter of 2013. During fourth quarter, $9.2 million was spent on exploration, sustaining capital, expansion programs and deferred stripping compared to $6.5 million spent in the previous year ago. Adjusted loss and total comprehensive loss was $1.893 million or $0.01 per share compared to adjusted income and total comprehensive income of $4.715 million or $0.03 per share a year ago. For the full year, the company’s metal revenues were $154.1 million, compared to $160.6 million during fiscal 2013. This represents a 4.1% decrease over the prior year, primarily due to a lower average realized gold price partially offset by an increase in the total ounces of gold sold. Earnings from operations were $22.2 million, compared to $41.1 million during fiscal 2013. This represents a 46.1% decrease over the prior year. This difference was mainly due to the decreased revenues resulting from a lower average realized gold price and an increase in production costs resulting from an increased number of ounces sold decreased grade, record rainfall and higher diesel costs due to increased hauling distances. Earnings and total comprehensive income were $9.2 million or $0.06 per share, compared to $15.3 million or $0.11 per share during fiscal 2013. This represents a 40.1% and 43.6% decrease, respectively, over the prior year. This decrease was mainly the result of lower earnings from operations which was partially offset by a significant decrease in tax expense compared to the prior year. Cash flows provided by operating activities were $33.1 million or $0.20 per share, compared to $52.4 million or $0.36 per share during fiscal 2013. The main drivers of this change over prior year are the decrease in the average realized gold price partially offset by increased ounces sold for the year, resulting in earnings before income taxes of $19.9 million, compared to $40.2 million during fiscal 2013. Expenditures on mineral properties, plant and equipment, exploration and evaluation were $36.293 million compared to $52.572 million a year ago. Acquisition of exploration and evaluation property was $10.820 million. Adjusted income and total comprehensive income was $10.995 million or $0.07 per share compared to $30.288 million or $0.21 per share a year ago. The company produced 25,007 gold ounces and 16,322 silver ounces during fourth quarter of 2014, compared to 34,164 gold ounces and 21,847 silver ounces during the same prior year period. The company mined a total of 8.4 million tonnes from the mine during fourth quarter of 2014, compared to 7.6 million tonnes during the same prior year period. Dry tonnes of ore mined were 1.9 million tonnes of ore during fourth quarter of 2014, compared to 2.3 million tonnes of ore during the same prior year period. The company produced 120,023 gold ounces and 85,262 silver ounces during fiscal 2014, compared to 119,655 gold ounces and 68,512 silver ounces during fiscal 2013. The change from prior year is due to a planned decrease in processing grade offset by increased daily crushing throughput. The decrease in processing grade was mainly due to the record rainfall experienced during September 2014. Due to the increased processing capacity, although the processing grade decreased by 24.4%, production increased by 0.3%. The company mined a total of 32.8 million tonnes from the Mine during fiscal 2014, compared to 32.1 million tonnes during fiscal 2013. Dry tonnes of ore mined were 8.8 million tonnes of ore during fiscal 2014, compared to 8.7 million tonnes of ore during fiscal 2013.

 

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