TGR: Let’s move to gold equities, some of which have shot out of the blocks this year. What are some of the names you follow?

RW: There are two that really stand out. One is Timmins Gold Corp. (AMEX:TGD). It is in Mexico. We have met and had presentations with the management; we have gone over this very carefully and have recommended it for a long time.

The beauty of Timmins is that it seems to move faster in a gold or a silver rally than others. The stock is trading around CA$2.82 but we see it doing much better based upon the performance of gold and silver this year. The company has delivered: it upgraded the mine and has top management and good growth. Bruce Bragagnolo, who is in charge, is an attorney in Vancouver who has been around the mining business a long time. He knows what to do and has good control of the company.

Timmins has expansion opportunity and is on a steady path for growth. We like a producing company at this share price.

TGR: Initially, Timmins had trouble with its San Francisco mine in Mexico, but in December 2011 it produced 8,500 oz gold, its best month ever. Its stated goal is to produce 100 Koz annually from the San Francisco mine. Consistent production of 8,500 oz/month would put it above that. What are its chances of doing that?

RW: I would say good. Timmins is very careful about its forecasting, measurements and dimensions of everything it does. Everything it has said it was going to do, it did, and on schedule. That is hard to do in the mining business. Timmins has upgraded all of the equipment, it has cash on hand and it is in a safe spot as far as its operations are concerned. We just think this will be one of the real good ones.

http://etfdailynews.com/2012/02/15/roger-wiegand-cycles-will-bring-gold-and-silver-prices-higher-gld-slv-exk-lode-tgd-pvg-ssri/