Timmins Gold Corp T.TMM

Q3: All good with Positive Momentum

[MisterB]

Timmins Q3 came in right on target at .02c EPS in real terms ($6.3M profit) then add the reversal on SF with the new mine plan and such.  I was hoping it may be a little higher than .02c but we certainly have tangible, positive traction.

What I like:

-All-in sustaining cash costs of $846 per ounce ( 23% lower than the comparable period)
-Improvement in our balance sheet
-Cash balance increased to $18.5
-Trade payables reduced by over $12.3 million
-Repaymnet of debt: $11.8 million

I am looking forward to more clarity about what to expect in the next 6 months on the call if Backens actually speaks a little more  (he's too tight, imo). 

What else? What did you like?

B

[MisterB]

Conference call notes: CEO Search in advanced state. Backens did not set out to become CEO so he will go back to his old position once the CEO position is solified. Good to hear. 50k Meter drilling program with positive results. Maintaining guidance at this time but will look to provide more detailed guidance once all data is compiled Will hit Full year guidance

[Bean_and_Dunn]

Backens needs coaching on what he says at these public conferences for the sake of shareholders like myself and for the general good of the corporation.  Over the last few days I have taken a good hard look at this little gem. I have purchased a couple hundred thousand shares.  Ana Paula is one fantastic resource.  Management has done an excellent job securing the El Sauzal mill.

[Bean_and_Dunn]

Sorry NPV5% is actually $295 million. thats right $0.92 per share.  Then there is the San Francisco mine which is still good for  7 full years. B&D

[auburn2]

The selling pressure on most gold names is a bit baffling. My chart analysis on gold makes me really comfortable with it going higher over the next year, but I'm concerned there could be a risk-off trade that sees the equities pummelled while gold itself remains strong.