Sentry Investments to nominate six directors to Timmins Gold board

|About: Timmins Gold Corp (TGD)|By:, SA News Editor

Timmins Gold (TGD +4%) opens higher as 17% owner Sentry Investments says it plans to nominate six directors to the current eight-member TGD board in a bid to spur improvements in the company’s operations and boost shareholder value.

The fund manager accuses TGD of mismanagement and ignoring shareholder requests to allow potential buyers a look at the books, and says the current board fails to utilize governance best practices.