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:

Ovais Habib, Scotia Capital (5/26/15)
"Timmins Gold Corp. reported that the acquisition of Newstrike Capital Inc. has been completed. . .the company ended Q1/15 with $25M in cash on hand. . .with the Newstrike deal now closed, we expect more clarity to be provided shortly on future capex and development plans."

Philip Ker, PI Financial (5/6/15)
"Timmins Gold Corp. reported its Q1/15. . .a slight beat to our expected net loss of ($1.5M) or ($0.01) per share, realizing a loss of ($0.7M) or ($0.00) per share and cash flow from operations of $4.1M or $0.02 per share. . .the company realized cash costs of $925/oz, which was below our expectations of $980/oz, while realizing in-line all-in sustaining cost of $1,155/oz versus our target of $1,118/oz. The remainder of 2015 should see a steady increase in ore grades as mine plan sequencing shifts to softer, higher-grade ore. . .we are increasing our rating from Neutral to Buy."

Joseph Fazzini, Dundee Capital Markets (5/5/15)
"Timmins Gold Corp. announced Q1/15 financial results last night. We estimate adjusted earnings per share of ($0.01) and cash flow per share (before changes in working capital) of $0.02, both in-line with our estimates. . .similarly, total cash costs of $925/oz were right in-line with our estimate of $926/oz. . .with the Q1/15 results coming in largely in-line with our expectations, we are maintaining our CA$1.00 target price and Neutral rating."

Ovais Habib, Scotia Capital (5/5/15)
"Timmins Gold Corp. ended Q1/15 with $25M in cash on hand. . .we expect that the current cash position and internally generated funds should be adequate to fund 2015. . .[the] next potential catalyst, in our view, is the Newstrike Capital Inc. acquisition closing scheduled for mid-May."

Derek Macpherson, M Partners (5/5/15)
"Timmins Gold Corp. reported Q1/15 financial results that were roughly in line with our estimates. . .we expect investors to be focused on the company's plan to move forward with its multiple growth opportunities. . .the nearest-term growth opportunity is the potential to bring the high-grade lenses at San Francisco into production."

Ovais Habib, Scotia Capital (4/30/15)
"Timmins Gold Corp. reported that a majority of shareholders in both companies voted in favor of approving the previously announced plan of arrangement whereby Timmins proposes to acquire all the outstanding shares of Newstrike Capital Inc. Based on the Timmins closing price, the deal value is CA$85M."

More Expert Comments

Experts Commenting on This Company

Sam Crittenden, Research Analyst – RBC Capital Markets
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