Bullboard - Stock Discussion Forum Timmins Gold Corp T.TMM

Metals & Mining Gold

"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."

Add To Watchlist

TSX:TMM - Post Discussion

Timmins Gold Corp > Analysts latest review of Timmins

View:

Post by fb454 on Sep 26, 2015 2:37pm

Analysts latest review of Timmins

Expert Comments:

	Philip Ker, PI Financial (9/25/15) "On Sept. 18, Timmins Gold Corp. announced a positive acquisition of the 6 Ktpd El Sauzal processing plant from Goldcorp for an attractive price of $8M. The plant acquisition results in an expected capex reduction of $40–60M and generates a more favorable project NPV with mitigated financing risk."

	Derek Macpherson, M Partners (9/21/15) "Timmins Gold Corp. announced the acquisition of the El Sauzal process plant in Mexico. The acquisition includes a mill and other infrastructure for the Ana Paula project. As a result of the acquisition, capital costs are expected to decrease by $40–60M. . .we are maintaining our Buy recommendation and our 12-month target price to CA$1.50/share."

Sam Crittenden, RBC Capital Markets (9/21/15) "Timmins Gold Corp.'s CA$8M purchase of plant equipment from Goldcorp for the Ana Paula project makes sense, with estimated capex savings of $40–60M and it is funded through shares. . .in conjunction with the deal, Goldcorp will invest CA$6M in a private placement of 20M units at CA$0.30/unit."