Timmins Gold Continues Strong Performance Cash Flow from Operations of $9.8 million in Q3 2016 - "We are very pleased with our financial performance during the quarter and fiscal year to date," stated Interim CEO Mark Backens. "Our cash costs for the quarter of $785 per ounce and all-in sustaining cash costs of $846 per ounce were particularly strong and were both 23% lower than the comparable period of the previous year. Of significant note is the great improvement in our balance sheet with over $33 million of positive contribution over the first three quarters of this year during which our cash balance increased to $18.5 million from $9.2 million, our trade payables reduced by over $12.3 million to $14.5 million and we have repaid over $11.8 million in secured debt." More
- 11/03/16 | Item |


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