Timmins Gold

On site at present, Timmins Gold's mining and crushing operations are continuing with the available Komatsu shovel and six Caterpillar 100 ton trucks until the full mining fleet arrives. Over 100,000 metric tonnes of ore have been stacked on the heap leach pads and gold leaching has begun.

 

 BMO Capital; Speculative Underperform Reaffirmed
2016-12-01 12:42:00 PM ET (MT Newswires)
   
   

12:42 PM EST12/01/2016 (MT Newswires) -- Timmins Gold (TMM.TO) tumbled in recent trade after BMO Capital reduced its target price to $0.45 while keeping a speculative underperform rating.

BMO believes that the cash flow generated from San Francisco will not be sufficient to fund the entire construction of Ana Paula, resulting in a funding gap.

BMO reduced its 2016 EPS forecast to $0.06 while maintaining its 2017 estimate of $0.02.

The stock moves at the lower half of 52-week range $0.10 - $0.80.

Price: 0.43, Change: -0.02, Percent Change: -4.5

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RockLicker
City
The Nickel Capital
Rank
President
Activity Points
75425
Rating
Your Rating
Date Joined
08/13/2008
Social Links
Private Message
Timmins Gold
Symbol
TMM
Exchange
TSX
Shares
141,731,127 as of 12/31/2012
Industry
Metals & Minerals
Website
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