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"Timmins Gold Corp. reported Q4/14 and full-year 2014 financials, which missed our and consensus estimates; however, this miss appears to be as a result of above average rainfalls in Q3/14, which impacted operations in Q4/14. . .should the company continue to underperform peers, we would view it as a buying opportunity, not only because of the apparent one-time nature of the Q4/14 miss, but also because of Timmins’ growth potential. Assuming the Newstrike acquisition is completed, we model Timmins producing 347 Koz in 2019 at total cash cost of $658/oz, once Caballo Blanco and Ana Paula are ramped up."
Canadian Mining Journal(3/10/15)
"Timmins Gold Corp. can't help but be pleased with a year that met guidance figures both on the number of ounces produced and the cash costs per ounce. In 2014 the company sold 121,441 oz gold (up 2.5%) and 85,252 oz silver (up 24.4%). . .drilling directly below the San Francisco pit identified multiple high-grade veins sub-parallel to the pit wall, extending along strike and open down dip below the pit and Timmins Gold's regional exploration program was successful in confirming areas for high-priority follow-up drilling."
Joseph Fazzini, Dundee Capital Markets (3/9/15)
"With the Caballo Blanco acquisition closing just prior to year-end, we expect Timmins Gold Corp. to end 2014 with $32M of cash. Including the $10M private placement to Sentry and Adolf Lundin estate completed in Q1/15, the company's balance sheet continues to strengthen; this cash has been earmarked for an optimization study and subsequent development of Caballo Blanco."
