Timmins Gold Corp T.TMM

Scotia News update since the firing TMM CEO

[DEH1]

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
85 Scotia	1,782,513	570,156	0.32	3,686,789	1,183,870	0.321	-1,904,276	613,714

Note Scotia clients currently - 1,904,276 @ $0.321


Following today's announcement we have not made any model changes as we await the updated mine plan and further disclosure regarding the magnitude of the expected impairment charge. . With the added uncertainty arising from the company's corporate strategy and revised San Francisco mine plan, we expect TMM investors to remain on the sidelines in the near term. We maintain our Sector Perform rating and C$0.50 target price