Original Research from Ringler Research, a brand of Ringler Consulting and Research GmbH
Analyst: Carsten Ringler
Type of study: Research update as of 03.08.2015
Analytical valuation price target: 1.40 CAD / 1.06€
Last closing price as of 31.07.2015: 0.40 CAD / 0.27€
Projected upside potential to the analytical valuation price target: 250%
Sector: Mining and Metals
ISIN Nummer: CA88741P1036
WKN Wertpapierkennnummer: A0KFSM
We report in our financial analysis about the company Timmins Gold Corp., which owns and develop various precious metals projects in Mexico. The author Carsten Ringler describes the projects and performs various calculation. As a result of the analysis the author Carsten Ringler is quoted: "We like the high resource base of approximately 6.4 million ounces GoldEq and the medium to long-term production growth potential in the next few years. The Company has currently a very low market valuation and offers a high leverage in a rising precious metal prices environment. "
About the company:
Timmins Gold Corp is a gold producer in Mexico.
The current flagship project "San Francisco Mine" is located about 150 km north of the capital city Hermosillo, which is in the state Sonora. The "San Francisco" mine is an open pit operation and the ore is processed in a multistage process thereafter.
In 2014, a total of 121,573 ounces GoldEq were mined and processed with low cash cost “AISC” of 925 USD GoldEq ounce. The company expect to produce in 2015 between 100-110.000 ounces gold at cash cost of 875-925 USD.
The project portfolio also includes the Mexican Gold Projects "Caballo Blanco" and "Ana Paula". It is planned, that both projects will be brought into production in the next few years.
Timmins Gold is listed on the Canadian Stock Exchange and the Frankfurt Stock Exchange.
More informations about the projects and the company can be found at: http://www.timminsgold.com/
About Ringler Research:
Ringler Consulting and Research GmbH offers wide range of consulting services for mining comapnies and institutional capital market participants. This includes, for example, the creation and distribution of equity research studies on mining companies.
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