Timmins Gold Corp.

Timmins Gold Corp is positioned for future 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 is developing its two economically robust growth projects, the Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz.

The Company’s focus is to structure its operations and balance sheet to protect the company as we advance our development projects. The mine plan has been modified to maximize cash flow while maintaining flexibility to respond to changing market conditions. We have implemented many cost savings efforts including the reduction of workforce, primarily at the San Francisco Mine along with other mine site, operations and corporate G&A savings.

Recent acquisition of the El Sauzal processing plant and sundry equipment for the Ana Paula gold project will yield major savings in capex and has immediately and positively impacted the economics at Ana Paula.

Given the higher grade and capital efficiency of Ana Paula coupled with in-house Mexican expertise the corporation is highly confident much value will be added to the benefit of our shareholders.

Expert Comments:

Philip Ker, PI Financial (3/17/16)
"Timmins Gold Corp. continues its uphill battle after failing to once again realize positive operating earnings and ending the year with $11.5M cash on its balance sheet. However, the San Francisco operating and Timmins itself are expected to benefit in the near term from the recent uplift in spot gold prices and should support increased levels of cash flow. The elevated gold price should help further support the company's ability to service its maturing debt obligation of $10M."

More Expert Comments

Experts Following This Company

Philip Ker, Mining Analyst – PI Financial

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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