Tara Hassan, National Bank Financial (3/14/12) "Timmins Gold Corp. announced an updated resource for its San Francisco project, posting a notable 20% increase in total resources. . .the updated resource came in above our estimate of 2.6–2.8 Moz and at the top end of the company's guidance of 2.8–3 Moz. Importantly, grades are largely in line with the previous estimate, up 1% (average grade of total resources). . .reserves are likely now in the range of 1.4–1.5 Moz (up from 1.33 Moz in September 2011), which pegs San Francisco at a 10-year mine life at the current 100 Koz/year rate and more than eight years at the expanded rate, a substantial increase from the initial mine life."