Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Timmins Gold Corp T.TMM

"Timmins Gold Corp is engaged in acquiring, exploring, developing and operating mineral resource properties in Mexico. It owns and operates the San Francisco open pit and Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz."


TSX:TMM - Post by User

Comment by MisterBon Oct 11, 2013 11:58am
260 Views
Post# 21810602

RE:Brian Szeto, Stonecap Securities (10/10/13) "For Q3/13, Timm

RE:Brian Szeto, Stonecap Securities (10/10/13) "For Q3/13, Timm

Expert Comments:

Brian Szeto, Stonecap Securities (10/10/13) "For Q3/13, Timmins Gold Corp. produced at its San Francisco mine 29,139 oz gold and sold 28,665 oz. . .overall grades were in line with our expectations (0.77 g/t gold versus our expectations of 0.79 g/t gold) and recoveries came in better than expected (64.7% versus our expectations of 60%). . .we continue to maintain our Outperform rating and a $3 target price."

Erik Bermel, M Partners (10/8/13) "Timmons Gold Corp.'s completion of expansion to 24,000 tpd in Q3/13 should lead to free cash flow (FCF) in Q4/13. . .a resource update is expected in early Q4/13. . .the mine life based on reserves could be extended to 10+ years. . .the updated resource should provide increased confidence in our view that the company can generate FCF in most gold price environments over the long-term. . .we believe that as Timmins demonstrates the ability to generate FCF in both the near and long-term they should rerate toward similar cost structure peers that trade at a premium."

Joseph Fazzini, Dundee Capital Markets (9/25/13) "The simple, cost-efficient nature of Timmins Gold Corp.'s San Francisco mine provides for competitive all-in cash costs. . .and the company's cash position remains solid. . .Timmins plans to release an updated resource in the next few weeks along with new mine plan that will reflect the company's efforts to convert inferred ounces into the Measured & Indicated category (and subsequently reserves). We expect the drill program will both expand the existing resource base and upgrade a sizeable portion of resources into reserves."

Derek Macpherson, M Partners (9/11/13) "We reiterate our Buy rating and $3.20 price target on Timmins Gold Corp. We believe the recent selloff offers a very attractive entry point; this is particularly true given its discounted valuation to peers and significant near-term catalyst."

Ian Parkinson, GMP Securities (9/10/13) "Since its acquisition in 2007, Timmons Gold has grown annual production [at the San Francisco gold mine] to the ~125 Koz/year range and established an operating track record. We see room for further growth from this asset. . .given the company's strong track record and high-quality assets, we see meaningful upside potential as investors recognize the value inherent in the stock. . .we are initiating coverage with a Buy rating and a $3 target. . .we view Timmons' combination of a successful operation with organic upside and a large collection of prospective holdings as an appealing investment opportunity."

<< Previous
Bullboard Posts
Next >>