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Timmins Gold (TGD) ( 2q15 results

Timmins Gold ( (TGD) filed its 2q15 late this evening (never a good sign) and as we did with New Gold (NGD) last night, here are just three charts picked from dozens in the database to give a flavour:

The operations overview. See the problem?

Costs are fixed, revenues are dropping. With gold where it is compared to the quarter just gone, it's going to take some serious changes to stay with even gross profits at TMM, let alone pay the niceties of life like G&A and things. 

Next working cap as TMM managed to return a small net profit thanks to claiming some tax relief, but operationally they lost out and you see that here. 

Cash treasury dropped by $3.4m, working cap by $7.9m. 

Finally, the equity per share dip shows just how silly and dilutive the Newstrike purchase was. 

So after this, please don't tell me how Lukas Lundin is some kind of infallible moneymaking machine, between him and Bragagnolo this is one big dumbass error staring at you.