Gold Production in Mexico

Targeting 2013 annual production of 118,000 ounces of gold

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Message: Roger Wiegand in today's The Gold Report on TMM

We are getting a lot of analysts recommending TMM lately. I see $2.00 in the near future.

http://www.theaureport.com/pub/na/7226

TGR: What jurisdictions do you prefer?

RW: The three or four spots we like are Northern Mexico, Northeastern Nevada, Canada and Alaska. In Canada, we like Québec, in particular—it's probably the best place of all. And Alaska has more than enough good companies, both seniors and juniors, to work on.

TGR: Another company in Northern Mexico, and your newsletter, is Timmins Gold Corp. (TSX.V:TMM).

RW: Timmins is a great company. I've had probably three or four visits with Timmins management. CEO Bruce Bragagnolo was a Canadian Securities Commission mining lawyer for 20 years. He knows the mining business inside and out, takes things very carefully and thinks things through. Benefiting from the work he did before he got control of this mine, Bruce saw all the mistakes many of the miners made simply because he worked for them as an attorney. That experience is extremely valuable. They've got great production. They've got super financing. They had a big pop in their stock recently because their first quarter production showed about 11,000 ounces of gold. That is one of our best choices. We like Timmins very much.

TGR: Do you have a price target on Timmins?

RW: I can't remember off the top of my head, but it just had a breakout based on the first 11 Koz. of gold production. They've got top-drawer managers and geologists and a steady plan to remain there and expand into more mines. I think you'll see a double on that stock easily, perhaps even something higher than that. It's a very high-quality operation.


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