Company Alert

In previous articles I have told you about the leverage that you will get from emerging producers. Gold hit an all time high today of $1089. Timmins Gold is so close to pouring gold you can taste it.

A story that I have written about before is Timmins Gold and its San Francisco mine in Mexico. Timmins Gold is ramping up in hopes of full production before the end of 2009. The company has begun the leach process and now has gold in the leach fluids. The next step will be to extract the gold using the gold plant on site. This is planned for the next few weeks. Next year Timmins Gold can be producing between 80,000 and 100,000 ounces of gold at a cash cost of approximately $400 per ounce. The company has been drilling around the current pit and should also have some exploration results before the end of this year.

Timmins’ expansion plan consists of expanding the current reserve and lifespan of the San Francisco Mine, advance its other exploration projects and to make strategic acquisitions all utilizing future cash flow and not by dilution. The recent deal with Sprott was a watershed event IMHO. I’m of course bias due to my working relationship but I feel with the fundamentals finally firing on all cylinders, gold’s big break-out, and the chart on TMM suggesting a close above $.88 could be a break out for the stock, most speculators need to consider the company ASAP.