The Investment Doctor
Long/short equity, value, debt, base metals

Timmins Gold - A Golden Opportunity?


In this article I'll discuss Timmins Gold (NYSEMKT:TGD), a Canadian gold producer with a listing on the NYSE market, producing gold from its San Francisco Project in Mexico's Sonora state.

I'll first discuss the company in brief, move over to the Q1 production and cash flow numbers, have a look at the balance sheet and the outlook for the company. This will result in my investment thesis at the end.

Timmins Gold

As previously said, Timmins is producing gold from its 100%-owned 165,000 hectare San Francisco gold project in Sonora state, Mexico. Its production profile is climbing, as you can see in the following table. Where the mine only produced 47,000 ounces of gold in 2010, Timmins...

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