Brian Mok, Union Securities (9/21/11) "Timmins Gold Corp. released an updated reserve and resource estimate for its San Francisco operations in Sonora, Mexico; the reserves at the San Francisco project increased substantially from 780 Koz. to 1.33 Moz. . .the Inferred resource grew the most, going from 208 Koz. to 1 Moz. . .the combined resource increased 100% to 2.44 Moz. The company's major drilling program continues and further upside to reserve and resource remains; we are expecting exploration success to continue and maintain our $4.00 target price."