Timmins Gold Corp.

Timmins Gold Corp. is well positioned for continuous growth as a gold production and development company. The company owns and operates the open-pit, heap-leach San Francisco Gold Mine in Sonora State, Mexico. Timmins Gold's experienced management team has delivered increased mine life and expanded production year over year since commercial production began in 2010. On the exploration front, Timmins Gold has over 200,000 hectares of claims contiguous to the mine along the highly prolific Northern Sonora Gold District. Past exploration success around the mine has significantly increased gold resources and reserves.

Expert Comments:

"Timmins Gold Corp. could rebound in H2/15. Timmins started off the year strong and then, after the proposed acquisition of Newstrike Capital was announced, fell out of favor. The market's objection to the deal appears to be that Timmins didn't necessarily need a second development asset because it just closed the acquisition of Caballo Blanco. Our view is a little different. We think that Timmins is poised to build itself into a mid-tier mining company. It can generate free cash flow from the San Francisco mine and use that as a platform to build these other two assets. Caballo Blanco is a relatively simple project. Timmins certainly has the expertise to put that project into production. While Ana Paula is slightly more complicated and is in a jurisdiction with elevated security risk, it is unlikely to be developed until after Caballo Blanco is brought into production. . .Caballo Blanco is a good fit for the company. Timmins was able to pay a reasonable price because of the permitting challenges experienced by the previous operator. Timmins has an advantage over the previous owner in that its operating team is Mexican and has a good understanding of the social and political issues surrounding the project. As well, the project is a technically simple heap-leach project, which Timmins has the technical ability and experience to bring into production. Ana Paula is an asset for the future." read more >

Derek Macpherson, M Partners (4/14/15)
"We are maintaining our Buy recommendation and our 12-month target price of CA$2.60 per share for Timmins Gold Corp.. . .while Q1/15 production results were weak, our long-term growth thesis for the company remains intact. We believe that as Timmins continues to generate free cash flow from San Francisco and advances Caballo Blanco and Ana Paula, its stock should re-rate toward peers, which trade at 0.89x net asset value per share versus Timmins' at 0.29x."

Joseph Fazzini, Dundee Capital Markets (4/14/15)
"Timmins Gold Corp. reported Q1/15 production of 24.4 Koz Au eq. . .while management indicated that grades are expected to trend upward over the balance of the year, we maintain our Neutral rating and CA$1.00 price target as we await operational improvements and further visibility regarding the company's plans to advance its development projects. . .we attribute Timmins' relatively rich valuation to its acquisition of multiple development projects."

Philip Ker, PI Financial (4/14/15)
"Timmins Gold Corp. announced gold production of 24,155 oz for Q1/15. . .annual guidance is achievable but heavily dependent on the operation's ability to deliver ore grades of approximately 0.60 g/t gold to the crushing circuit and the throughput to remain above 24,000 tpd. . .we are maintaining our Neutral recommendation on the company's stock."

Henk Krasenberg, European Gold Centre (4/13/15)
"Timmins Gold Corp. is a company that deserves to be embraced by investors. . .aside from its success record of past gold production growth at its San Francisco mine in Mexico, Timmins has recently taken some expansive actions by acquiring Caballo Blanco, an advanced-stage, open-pit, heap-leach gold project, and through an arrangement with Newstrike Capital that adds the Ana Paula gold project to the expansion potential."

Philip Ker, PI Financial (3/11/15)
"For 2014, Timmins Gold Corp. managed to meet annual guidance by selling ~121 Koz Au eq. . .more recently, the company made a high-grade discovery of parallel veins in the south side of the San Francisco pit wall. Management is investigating its economic potential, but it could provide a higher-grade source of feed to the operation's crushing circuit."

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Investing Highlights
Direct leverage to gold with good cash to debt ratio
Strong growth profile - production growing to over 220,000 oz gold/yr
Results driven - Profitable since first day of production
Timmins Gold Corp. Content