TICKER: TMM:TSX; TGD:NYSE.MKT
Timmins Gold Corp. is strategically positioned for continuous growth as a gold production company. Focused in Mexico, the company owns and operates the San Francisco gold mine, an open-pit, heap-leach operation. Timmins Gold has scheduled production of 100 Koz in 2012, ramping up to 130 Koz in 2013. The company's has many value drivers. It is an unhedged, pure gold producer (25,153 oz Q3/12); has growing cash flows and profits (16.8M in Q3/12); increasing gold resources and production; expansion funded from cash flow; a 21% return on equity; and a strong team in place for future growth.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
The Gold Report Interview with Peter Grandich
"Without a doubt, the best performer among my client companies has been Timmins Gold Corp. You really have to marvel at what it has achieved. Timmins began its quest to become a significant producer during the worst financial crisis in decades and is now a clear leader in the next generation of major producers. . .unlike many other gold stocks that have gotten creamed, Timmins did not decline close to them percentage-wise. It's a sign that investors have recognized it to be an amazingly well-run company that is either going to be an acquirer or a takeover target. It's doing too well to sit back. I would suggest that in 12 to 24 months we will learn that Timmins has gone on the acquisition trail, or was attempted to be taken over by a larger company."
Erik Bermel, M Partners
"With Timmins Gold Corp.'s in-line results and expansion initiatives on track, we continue to believe in the company's ability to generate cash flow, supported by low capex requirements and strong operating metrics. This stable production profile is coupled with near-term exploration potential and an updated mine plan; we are maintaining our Buy recommendation."
Michael Siperco, Macquarie Capital Markets
"Timmins Gold Corp. followed up good operational results released in April with good financial results. Headline EPS was $0.10, with the adjusted number coming in at $0.09 versus consensus of $0.08 and our forecast of $0.07. . .operationally, the San Francisco project is ticking along as expected with throughput up to 20 Ktpd in the quarter and on the way to ~30 Ktpd in late 2013/2014 when the crushing expansion is completed. . .given the volatility in the gold price and the mixed operating/financial results seen industry wide, beating consensus and delivering on expectations has to be seen as a significant positive."
Joseph Fazzini, Dundee Capital Markets
"Timmins Gold Corp. released record production of 28.3 Koz gold for the quarter, as well as financial results for Q1/13. The company reported EPS of $0.10. . .and cash flow per share of $0.16 for the quarter. . .we expect to see additional positive news flow in the near term as the drill program at the San Francisco mine wraps up. Given the recent encouraging results, we continue to believe the company will materially increase the resource base in the Q3/13 update and in turn, should extend the mine's life."
Brian Szeto, Stonecap Securities
"Timmins Gold Corp. announced its Q1/13 financial results. . .the company reported better-than-expected earnings per share ($0.10 vs. $0.08) and cash flow per share ($0.16 vs. $0.15). . .cash costs came in at $703/oz, which was better than the full-year cash costs of $747/oz. . .cash costs are now at the lowest level since Q4/11. . .the company did not disappoint with its results. . .operationally, it is ramping up well as it targets to exit the year with a production rate in excess of 30,000 tpd. . .the next big catalyst will be the reserves and resources estimate update in mid-2013, which should see a substantial increase in the company's mine life to 8–10 years."
Timmins Gold Corp. Content
TMM on GoldSeek Radio
TMM: Production Grows
TMM's Latest Fact Sheet
a BullMarketThinking.com Article: "Mining Executive Bruce Bragagnolo: 'Gold Will Be The Best Business On The Planet; It’s The Only Thing That Works'"
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