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Bullboard - Stock Discussion Forum 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 Discussion

Timmins Gold Corp > Seeking Alpha: Timmins.
View:
Post by vestor111 on Jul 09, 2013 9:29am

Seeking Alpha: Timmins.


https://seekingalpha.com/article/1539152-timmins-gold-a-golden-opportunity?source=yahoo

Quoting:

Because of the relatively low all-in cost per ounce of gold and the robust balance sheet, I think Timmins Gold is headed towards a very bright future. I expect the company to increase its cash balance from $26.9M at the end of Q1 to approximately $35-40M by year's end, which is more than sufficient to repay the $18M loan to Sprott Lending Corp in January 2014. The sooner the loan will be paid off, the better, as the loan is secured against the assets of Timmins' subsidiary Molimentales del Noroeste, which holds the rights on the San Francisco mine.

I expect a resource update which should considerably increase the amount of ounces in the ground, which will make the company more valuable. As it's a relatively low-cost producer in a safe region, Timmins might very well be a candidate to be bought out, as the current market capitalization of just in excess of $315M is relatively cheap if you believe in a higher gold price and a substantial extension to the life of mine.

 
 
 
Comment by IvanaBRich on Jul 09, 2013 3:39pm
Very good article.  Thanks for the post.  Ivana
Comment by stockwrestler on Jul 11, 2013 10:55pm
added CRJ to my blog today: https://stockwrestler2.blogspot.ca/
Comment by stockwrestler on Jul 14, 2013 8:47pm
CRJ: Jul 9/13 Jul 8/13 Hicks, Ronald J. Direct Ownership Common Shares 10 - Acquisition in the public market 60,000 $0.230 Jun 4/13 Jun 4/13 McMillan, Neil Direct Ownership Common Shares 10 - Acquisition in the public market 108,000  ...more  
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