DESCRIPTION: Timmins Gold Corp. is strategically positioned for continuous growth as a gold production and development company. Focused solely in Mexico, Timmins is now in commercial gold production at its wholly owned San Francisco Gold Mine in Northern Sonora, Mexico. Annually, the company will produce 80,000 oz. gold at a cost of ~$412/oz. The plant and all production equipment are fully operational. The company plans to continuously drill San Francisco to add ounces and increase mine life and to explore other Mexican gold projects. Production, resource growth and advanced exploration position Timmins for future growth and increased shareholder value.
Listen to Peter Grandich and Al Korelin discuss Timmins Gold (7/15/10)
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
"Timmins is a great company. I've had probably three or four visits with Timmins management. CEO Bruce Bragagnolo was a Canadian Securities Commission mining lawyer for 20 years. He knows the mining business inside and out, takes things very carefully and thinks things through. Benefiting from the work he did before he got control of this mine, Bruce saw all the mistakes many of the miners made simply because he worked for them as an attorney. That experience is extremely valuable. They've got great production. They've got super financing. They had a big pop in their stock recently because their first quarter production showed about 11,000 ounces of gold. That is one of our best choices. We like Timmins very much.
They've got top-drawer managers and geologists and a steady plan to remain there and expand into more mines. I think you'll see a double on that stock easily, perhaps even something higher than that. It's a very high-quality operation."
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The Gold Report Interview with Taylor MacDonald (08/25/10)
Taylor MacDonald: One name that has treated us quite well over the last year would be Timmins Gold. It's a new producer in Mexico that's come to market with a pretty appetizing mix of production growth and exploration results. They're tracking more than 80,000 oz. per year now. Its Sonora-based San Francisco Mine could move to 100,000 oz. and cash costs should be just over $400/oz. for the life of the mine. There's some really good cash flow from a company like that, which just breached the $200 million market cap. I like this name and I think recent exploration success shows that they have potential to significantly add to the mine life.
TGR: They've had quite a run-up since the beginning of January 2009.
"Through a combination of production and advanced exploration projects, a junior resource company can often ensure its long-term growth and shareholder value. It is this strategy that Timmins Gold Corp. believes in, placing itself in a prime position for continuous growth as a gold production and development company.
So where does Timmins stand with projects that may lend themselves to future growth for the company? In addition to San Francisco, Timmins holds six other gold properties in various stages of development and exploration. . .this combination of an in-production, more advanced-stage mine project, as well as 'middle' and 'early' level exploration projects, Timmins looks to secure its future going forward in the years to come. Securing revenue from one project, while exploring others is a fluid strategy that ensures Timmins will be making the most of each property; and, for investors, offers the prospect of continued value growth for many years."
The Gold Report Interview with Ian Gordon (07/30/10)
"My biggest position is in a company called Timmins Gold Corp. I think I recommended that the last time we talked. . .The management of this company has always delivered to shareholders essentially what they've promised that they're going to do. . .I'm very confident that they're going to get it right. Their goal is ultimately to produce 100,000 ounces a year. Their cash costs are in the lower $400 an ounce range. It's going to be extremely profitable. The key for Timmins, as I see it, is to expand that resource at the San Francisco mine from about 700,000 ounces to something considerably more than that. I think we can comfortably estimate that we're going to see a resource calculation come out that's going to improve that 700,000. . . If you can get above a million ounces, then we've got a 10-year mine life. . .I think this company is actually very undervalued; it's about $1.40 a share."
View Entire Article: Ian Gordon: A Cyclical Case for Gold Stocks
The Gold Report Interview with Peter Grandich (06/30/10)
"Crocodile Gold Corp. and Timmins Gold Corp. are two clients of mine, as well. People love the excitement of drilling and hoping an explorer finds something; they somehow lose sight once the company goes into production, and then miss out when these emerging producers still have a lot of exploration potential. That fits both Crocodile Gold and Timmins Gold. They're emerging producers. I think one of the areas that retail investors don't concentrate on enough would be in emerging producers; probably if they, did they would have fewer losses. Both Crocodile Gold and Timmins Gold are going to produce 80,000–100,000 ounces a year, and those figures can increase. Yet they still have enormous upside potential as explorers. Their share prices don't seem to be reflecting that at the moment."
View Entire Article: Peter Grandich Hunts for Treasures Beyond Gold's Glare
Listen to Peter Grandich and Al Korelin discuss Timmins Gold (7/15/10)
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