Timmins Gold Corp.

Timmins Gold Corp is positioned for continuous growth as a gold production and development company in Mexico. The Company owns and operates the San Francisco open pit, heap leach gold mine in Sonora and recently acquired the Caballo Blanco gold project in Veracruz. Timmins Gold has consistently drilled off new reserves at the San Francisco mine.

Timmins Gold also recently announced a proposed combination with Newstrike Capital (to be closed imminently) and its top tier Ana Paula gold project. When the two projects are operational, Timmins’ production is projected at 320,000 ounces of gold per year at all-in sustaining costs of approximately $777 per ounce.

A combination of production growth, positive cash flow and exploration success positions Timmins Gold to continue to deliver shareholder value.

Expert Comments:

Derek Macpherson, M Partners (7/31/15)
"Timmins Gold Corp. released Q2/15 operating and financial results. . .and revised its 2015 guidance to 100–110 Koz gold (was 115–125 Koz). . .this updated guidance does not include the potential underground production from the higher-grade lens at San Francisco; however, based on the information provided we expect underground production to start in Q4/15. . .we continue to view Timmins as an attractive investment and believe that as the company advances Caballo Blanco and Ana Paul, its stock should close the valuation gap with peers."

Philip Ker, PI Financial (7/31/15)
"After a disappointing H1/15, Timmins Gold Corp.'s management expects to have a more back-end loaded production rate from San Francisco. Amendments to the mine plan will occur to target high-grade ore zones that are easily accessible requiring less waste stripping. In the near term, the operation should benefit from stacking ore onto fresh leach pads, resulting in higher recovery levels and faster leach rates. The reduced guidance by management coupled with the recent sell-off of the company's shares could lend a good buying opportunity should management succeed in its operations and development projects."

Joseph Fazzini, Dundee Capital Markets (7/30/15)
"Timmins Gold Corp. announced Q2/15 operational and financial results. . .we maintain our Neutral rating. . .our target price continues to reflect the last published mine plan and now excludes production from Ana Paula due to a challenging financing environment. Management has suggested plans to recast its San Francisco mine plan in the near term, and depending on the changes, it could lead to improvement in our estimates. . .management indicated they will now target the lowest strip portion of the San Francisco pit to maximize near-term cash flow."

Derek Macpherson, M Partners (7/30/15)
"Timmins Gold Corp.'s growth projects are moving ahead: Pilot mining of the high-grade lens at San Francisco is reported to be halfway complete, which if effective could benefit costs and production as soon as H2/15E. At Ana Paula, the metallurgical drill program and environmental baseline work is underway. At Caballo Blanco, the company continues to engage stakeholders in an effort to update the environmental impact assessment."

Joseph Fazzini, Dundee Capital Markets (7/29/15)
"Timmins Gold Corp. has set 2015 production guidance at 115–125 Koz with average total cash costs of $800–850/oz. Our model reflects greater conservatism. . .we will be looking for permitting updates on Caballo Blanco and on the company's underground mining test at San Francisco."

Philip Ker, PI Financial (7/8/15)
"Timmins Gold Corp. announced that it has commenced underground drifting to target mineralized veins at depth located parallel to the south wall of the company's San Francisco open-pit heap-leach operation in Mexico. . .should a larger tonnage underground operation (1,500–2,000 tpd) evolve with grades approaching 5 g/t gold, the head grade at San Francisco should increase and offset the declining grade and increased cost profile of the open pit. We eagerly await results from the pilot phase."

More Expert Comments

Experts Commenting on This Company

Joseph Fazzini, Vice President, Senior Analyst – Dundee Capital Markets
Ovais Habib, Analyst – Scotia Capital
Andrew Kaip, Analyst – BMO Capital Markets
Philip Ker, Mining Analyst – PI Financial
Henk Krasenberg, Chairman – European Gold Centre
Thibaut Lepouttre, Editor Caesars Report
Derek Macpherson, Analyst – M Partners
Stuart McDougall, VP Research Analyst – Jennings Capital
Björn Paffrath, Director – Stabilitas-Fonds
Jay Taylor, Author Gold, Energy & Tech Stocks

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
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