Simple Digressions
Contrarian, long/short equity, deep value

Timmins Gold Corp: This Small, Low Cost Gold Producer Offers Value

Timmins Gold Corp (NYSEMKT:TGD) is a small gold and silver miner operating a mine in Mexico. The company started production in 2010 and currently produces around 125 thousand ounces of gold per year. Last month Timmins published the updates on its mineral reserves and resources together with a technical report for its San Francisco mine. These materials were a basis for the value assessment of the company.

In my opinion, the quality of Timmins management, simplicity and predictability of the company's operations and the value assessment allow me to formulate an opinion that this company is well prepared for another leg up in the long term gold bull market.

My analysis starts from the property description, goes through...

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