TMM: "An Appetizing Mix"

The Gold Report Interview with Taylor MacDonald (08/25/2010)
Taylor MacDonald: One name that has treated us quite well over the last year would be Timmins Gold. It's a new producer in Mexico that's come to market with a pretty appetizing mix of production growth and exploration results. They're tracking more than 80,000 oz. per year now. Its Sonora-based San Francisco Mine could move to 100,000 oz. and cash costs should be just over $400/oz. for the life of the mine. There's some really good cash flow from a company like that, which just breached the $200 million market cap. I like this name and I think recent exploration success shows that they have potential to significantly add to the mine life.

TGR: They've had quite a run-up since the beginning of January 2009.

TM: True, but I still think they're undervalued. . .I think it's easily worth $3–$4 per share, with potential for much more than that over time.

View Entire Article: Taylor MacDonald: Off the Beaten Path

For more independent commentary, click here: Timmins Gold Corp.

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