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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

Post by zutfieon Aug 11, 2013 11:10am
379 Views
Post# 21662164

Brian Szeto, Stonecap Securities

Brian Szeto, Stonecap SecuritiesBrian Szeto, Stonecap Securities (8/9/13) "Timmins Gold Corp. completed a sizeable exploration program in H1/13 that consisted of more than 135,000m of drilling at both the San Francisco and La Chicharra projects. . .we continue to expect to see a substantial increase in overall reserves from the current 1.3 Moz (at 0.57 g/t gold) and could see it reach the 2 Moz mark. . .with no additional exploration spending in H2/13 and approximately US$15–18M to be spent in Q3/13–Q4/13, the company should be in a position to rebuild its cash position over the remainder of the year."
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