Timmins Gold Corp said it had set up a special committee of independent directors to oversee the company's response to a proxy fight launched by a major shareholder to overhaul the gold miner's board. Asset manager Sentry Investments, which owns about 17 percent of Timmins, said on Monday the company's assets had been mismanaged and the board was not sufficiently independent.
Timmins Gold Corp. (Timmins) is a gold mining and exploration company. Shares of TGD traded higher by 8.16% or $0.12/share to $1.59. In the past year, the shares have traded as low as $0.97 and as high as $2.69. On average, 270195 shares of TGD exchange hands on a given day and today's volume is recorded at 428407.
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