Gold Production in Mexico

Targeting 2013 annual production of 118,000 ounces of gold

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Message: Positioned for a merger or buyout

Junior Miners Still Giving the Street Something to Talk About: Philip Ker

From the July 30th Gold Report http://www.theaureport.com/pub/na/13998?utm_source=delivra&utm_medium=email&utm_campaign=Gold%20Finalstreetwise-reports%2007/30/2012%2014:57:45

TGR: Of the companies you cover, which one is best positioned for a takeover?

PK: I'd say Timmins Gold Corp. (TMM:TSX.V; TGD:NYSE.A) is positioning itself nicely for M&A activity. Its San Francisco mine is located in a mining-friendly jurisdiction of Sonora, Mexico, and it has the infrastructure in place with considerable mine life remaining. Last year the company added over 1 Moz to the deposit through drilling and is currently expanding its throughput at the mine in order to achieve 32,000 tonnes per day, which will help the company exceed 130,000 ounces of production annually. A complete takeover or a merger of equals could be a likely outcome in the future.

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