Expert Analysis

Tara Hassan, National Bank Financial (5/5/11) "Timmins has not released its Q411 operating results ahead of the quarter, but we are looking for sales of 19.8 Koz. Au in Q411 at costs of ~$500/oz. Au. The company is approaching completion of the gold loan payments to Sprott, with the final payment due in August 2011; as such, we expect earnings to increase in H212 once payments are complete. . .and also expect the company to focus on the advancements of its significantly more aggressive exploration program when it releases its quarterly financial results (date TBD)."