http://www.stonecapsecurities.com/PDFs/Reports/2012/August/Timmins=Gold=Corp.(Report2002012).pdf
Brian Szeto, Stonecap Securities (8/2/12) "We view Timmins Gold Corp. as a successful junior gold company that effectively made the jump from an exploration/development company to a producer within a relatively short time frame. Although there may have been some operational hiccups along the way, we believe that those days are largely behind us and the company is well on its way to 130 Koz/year production. . .we are initiating coverage with an Outperform rating."