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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM 40-F

[   ]  REGISTRATION STATEMENT PURSUANT TO SECTION
12 OF THE SECURITIES EXCHANGE ACT OF 1934

OR

[X]  ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

For the year ended: December 31, 2016

Commission file number: 001-35329

TIMMINS GOLD CORP.(Exact
Name of Registrant as Specified in its charter)

|British Columbia, Canada                            | 1040                         | N/A                                 
|--------------------------------------------------- | ---------------------------- | ------------------------------------
|                                                    |                              |                                     
|(Province or other jurisdiction of incorporation or | (Primary Standard Industrial | (I.R.S. Employer Identification No.)
|organization)                                       | Classification Code)         |                                     

700 West Pender Street, Suite 615Vancouver,
British ColumbiaV6C 1G8(604) 682-4002(Address and telephone number of Registrants principal executive
offices)

CT Corporation System111 Eighth Avenue, 13th
FloorNew York, New York 10011(212)
894-8700(Name, address (including zip code) and telephone
number (including area code) of agent for service in the United States)

Securities registered or to be registered pursuant to Section
12(b) of the Act:

|Title of each class:        | Name of each exchange on which registered:
|--------------------------- | ------------------------------------------
|Common Shares, no par value | NYSE MKT LLC                              

Securities registered or to be registered pursuant to Section
12(g) of the Act: NoneSecurities for which there is a reporting
obligation pursuant to Section 15(d) of the Act: NoneFor annual reports,
indicate by check mark the information filed with this form:

|[X]  Annual Information Form | [X]  Audited Annual Financial Statements
|---------------------------- | ----------------------------------------

Indicate the number of outstanding shares of each of the
issuers classes of capital or common stock as of the close of the period
covered by the annual report: 355,628,602 Common Shares

Indicate by check mark whether the Registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Exchange Act during
the preceding 12 months (or for such shorter period that the Registrant was
required to file such reports) and (2) has been subject to such filing
requirements for the past 90 days. [X]
Yes       [   ] No

Indicate by check mark whether the Registrant has submitted
electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation
S-T (§232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the Registrant was required to submit and post such files).
[   ] Yes       
[   ] No

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FORWARD-LOOKING INFORMATION

Certain statements contained in this annual report
on Form 40-F (the Form 40-F) may constitute forward-looking statements or
forward-looking information (collectively, forward-looking statements) and
are made pursuant to the safe harbor provisions of the United States Private
Securities Litigation Reform Act of 1995 and Canadian securities laws.
Forward-looking statements are statements which relate to future events. Such
statements include estimates, forecasts and statements with respect to project
development risks and estimated future production and cash costs, future trends,
plans, strategies, objectives and expectations, including with respect to costs,
capital requirements, availability of financing, production, exploration and
reserves and resources, projected production at the Companys San Francisco
Property and Ana Paula Project, including estimated internal rate of return and
projected production, exploitation activities and potential, and future
operations. Information inferred from the interpretation of drilling results and
information concerning mineral resource estimates may also be deemed to be
forward-looking statements, as it constitutes a prediction of what might be
found to be present when, and if, a project is actually developed. In some
cases, you can identify forward-looking statements by terminology such as may,
should, expects, plans, anticipates, believes, estimates, predicts,
potential, or continue or the negative of these terms or other comparable
terminology. All statements and information other than statements of historical
fact may be forward-looking statements.

These
forward-looking statements are based on a number of assumptions, including: the
successful completion of development projects, planned expansions or other
projects within the timelines anticipated and at anticipated production levels;
the accuracy of reserve and resource, grade, mine life, cash cost, net present
value and internal rate of return estimates and other assumptions, projections
and estimates made in the technical reports for the San Francisco Property and
the Ana Paula Project; that mineral resources can be developed as planned;
interest and exchange rates; that required financing and permits will be
obtained; general economic conditions; that labor disputes, flooding, ground
instability, fire, failure of plant, equipment or processes to operate as
anticipated and other risks of the mining industry will not be encountered; the
price of gold, silver and other metals; competitive conditions in the mining
industry; title to mineral properties; and changes in laws, rules and
regulations applicable to the Company.

Forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause actual results, performance or achievements, or industry
results, to differ materially from those anticipated in such forward-looking
statements. The Company believes the expectations reflected in such
forward-looking statements are reasonable, but no assurance can be given that
these expectations will prove to be correct and readers are cautioned not to
place undue reliance on forward-looking statements due to the inherent
uncertainty thereof. Some of the risks and other factors which could cause
actual results to differ materially from those expressed in the forward-looking
statements contained in this Form 40-F include, but are not limited to: changes
in market conditions; actual results being materially different than reserve and
resource, grade, mine life, net present value, internal rate of return and cash
cost estimates and the other projections and estimates made in the technical
reports for the San Francisco Property and the Ana Paula Project; variations in
grade or recovery rates; risks relating to international operations;
fluctuations in gold, silver and other metal prices and currency exchange rates;
failure to obtain required financing; inability to successfully complete
development projects, planned expansions or other projects within the timelines
anticipated; natural disasters; adverse changes to general economic conditions
or applicable laws, rules and regulations; changes in project parameters; the
possibility of project cost overruns or unanticipated costs and expenses; labor
disputes, flooding, ground instability, fire and other risks of the mining
industry; failure of plant, equipment or processes to operate as anticipated;
the risk of an undiscovered defect in title or other adverse claim; the risk
that results of exploration activities will be different than anticipated; and
other factors contained in the section entitled Risk Factors in the Annual
Information Form.

Although
the Company has attempted to identify important factors that could cause actual
results or events to differ materially from those described in the
forward-looking statements, you are cautioned that this list is not exhaustive
and there may be other factors that the Company has not identified. Furthermore,
the Company undertakes no obligation to update or revise any forward-looking
statements included in this Form 40-F if these beliefs, estimates and opinions
or other circumstances should change, except as otherwise required by applicable
law.

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CAUTIONARY NOTE REGARDING MINERAL RESERVEAND
RESOURCE ESTIMATES

The
Company is subject to the reporting requirements of the applicable Canadian
securities laws, and as a result reports mineral reserves and resources
according to Canadian standards. Canadian reporting requirements for disclosure
of mineral properties are governed by National Instrument 43-101 Standards of
Disclosure for Mineral Projects (NI 43-101). The definitions of NI 43-101
are adopted from those given by the Canadian Institute of Mining, Metallurgy and
Petroleum. U.S. reporting requirements are governed by Industry Guide 7 (Guide
7) of the Securities and Exchange Commission (the Commission). These
reporting standards have similar goals in terms of conveying an appropriate
level of confidence in the disclosures being reported, but embody different
approaches and definitions. For example, under Industry Guide 7, mineralization
may not be classified as a reserve unless the determination has been made that
the mineralization could be economically and legally produced or extracted at
the time the reserve determination is made. In particular, we report resources
in accordance with NI 43-101. While the terms Mineral Resource, Measured
Mineral Resource, Indicated Mineral Resource and Inferred Mineral Resource
are recognized and required by Canadian regulations, they are not defined terms
under standards of the Commission and generally, U.S. companies are not
permitted to report resources in documents filed with the Commission. As such,
certain information contained in this Form 40-F concerning descriptions of
mineralization and resources under Canadian standards is not comparable to
similar information made public by U.S. companies subject to the reporting and
disclosure requirements of the Commission. In addition, an Inferred Mineral
Resource has a great amount of uncertainty as to its existence and as to its
economic and legal feasibility, and you cannot assume that all or any part of an
Inferred Mineral Resource will ever be upgraded to a higher category. Under
Canadian rules, estimates of Inferred Mineral Resources may not form the basis
of feasibility or other economic studies. You are cautioned not to assume that
all or any part of Measured or Indicated Resources will ever be converted into
Mineral Reserves, and not to assume that all or any part of an Inferred Mineral
Resource exists, or is economically or legally mineable. In addition, the
definitions of Proven Mineral Reserves and Probable Mineral Reserves under
CIM standards differ in certain respects from the standards of the
Commission.

DISCLOSURE CONTROLS AND PROCEDURES

Disclosure controls and procedures are controls and procedures designed to
ensure that (i) information required to be disclosed by the Company in reports
that it files or submits to the Commission under the Exchange Act of 1934, as
amended (the Exchange Act), is recorded, processed, summarized and reported
within the time periods specified in the Commissions rules and forms and (ii)
information required to be disclosed in the Companys reports filed under the
Exchange Act is accumulated and communicated to the Companys management,
including its Chief Executive Officer (CEO) and Controller performing the
functions of Chief Financial Officer (CFO), as appropriate, to allow for
timely decisions regarding required disclosure.

At the end of the period covered by this report, an evaluation was carried out
under the supervision of and with the participation of the Companys management,
including the CEO and Controller performing the functions of CFO, of the
effectiveness of the design and operations of the Companys disclosure controls
and procedures. The evaluation included documentation review, enquiries and
other procedures considered by management to be appropriate in the
circumstances. Based on that evaluation, the Companys CEO and Controller
performing the functions of CFO have concluded that, as of the end of the period
covered by this report, the Companys disclosure controls and procedures were
effective.

The
Companys management, including the CEO and Controller performing the functions
of CFO, does not expect that its disclosure controls and procedures or internal
controls and procedures will prevent all error and all fraud. A control system,
no matter how well conceived and operated, can provide only reasonable, not
absolute, assurance that the objectives of the control system are met. Further,
the design of a control system must reflect the fact that there are resource
constraints, and the benefits of controls must be considered relative to their
costs. Because of the inherent limitations in all control systems, no evaluation
of controls can provide absolute assurance that all control issues and instances
of fraud, if any, within the Company have been detected. These inherentlimitations include the realities that judgments in decision-making can be
faulty, and that breakdowns can occur because of simple error or mistake.
Additionally, controls can be circumvented by the individual acts of some
persons, by collusion of two or more people, or by management override of the
control. The design of any system of controls also is based in part upon certain
assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated
goals under all potential future conditions; over time, control may become
inadequate because of changes in conditions, or the degree of compliance with
the policies or procedures may deteriorate. Because of the inherent limitations
in a cost-effective control system, misstatements due to error or fraud may
occur and not be detected.

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INTERNAL CONTROL OVER FINANCIAL REPORTING

Managements annual report on internal control over financial reporting.The Companys management is responsible for establishing and maintaining
adequate internal control over financial reporting as defined in Rules 13a-15(f)
and 15d-15(f) under the Exchange Act. The Companys internal control over
financial reporting is a process designed to provide reasonable assurance
regarding the reliability of the Companys financial reporting and the
preparation of financial statements for external purposes in accordance with
International Financial Reporting Standards as issued by the International
Accounting Standards Board.

Management
assessed the effectiveness of the Companys internal control over financial
reporting as of December 31, 2016 based on the criteria set forth in Internal
Control  Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission (2013). Based on this evaluation,
management has concluded that the Companys internal control over financial
reporting was effective as of December 31, 2016.

Attestation
report of the registered public accounting firm.Pursuant to section 404(b)
of the Sarbanes-Oxley Act of 2002, as amended by section 103 of the Jumpstart
Our Business Startups Act,the Company is not required to include an
auditor attestation report in this annual report on Form 40-F.

Changes
in internal control over financial reporting.During the period covered by
this annual report on Form 40-F, no change occurred in the Companys internal
control over financial reporting that has materially affected, or is reasonably
likely to materially affect, the Companys internal control over financial
reporting.

NOTICES PURSUANT TO REGULATION BTR

The
Company was not required by Rule 104 of Regulation BTR to send any notices to
any of its directors or executive officers during the year ended December 31,
2016.

AUDIT COMMITTEE FINANCIAL EXPERT

The
Companys board of directors (the Board) has determined that it has at least
one audit committee financial expert serving on its audit committee. The Board
has determined that Paula Rogers is an audit committee financial expert (as such
term is defined in paragraph 8(b) of General Instruction B to Form 40-F) and is
independent, as that term is defined by the Exchange Act and the NYSE MKTs
corporate governance standards applicable to the Company.

The
Commission has indicated that the designation of a person as an audit committee
financial expert does not make such person an expert for any purpose,
including without limitations for purpose of Section 11 of the Securities Act of
1933, as amended, does not impose on such person any duties, obligations or
liability that are greater than those imposed on such person as a member of the
audit committee and the Board in the absence of such designation and does not
affect the duties, obligations or liability of any other member of the audit
committee or Board.

CODE OF ETHICS

The
Board has adopted a written code of ethics entitled, Code of Business Conduct
(the Code), by which it and all officers and employees of the Company,
including the Companys principal executive officer, principal financial
officer, principal accounting officer or controller, abide. There were no
amendments, or waivers granted in respect of, the Code during the year ended
December 31, 2016. The Code is posted on the Companys website at
www.timminsgold.com. A copy of the Code may also be obtained by
contacting the Corporate Secretary of the Company at the address or telephone number indicated on
the cover page of this annual report on Form 40-F. If there is an amendment to
the Code, or if a waiver of the Code is granted to any of Companys principal
executive officer, principal financial officer, principal accounting officer or
controller, the Company intends to disclose any such amendment or waiver by
posting such information on the Companys website. Unless and to the extent
specifically referred to herein, the information on the Companys website shall
not be deemed to be incorporated by reference in this annual report on Form
40-F.

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PRINCIPAL ACCOUNTANT FEES AND SERVICES

Deloitte
LLP, chartered professional accountants, acted as the Companys independent
auditor for the year ended December 31, 2016. See page 58 of the Annual
Information Form for the total amount billed to the Company by Deloitte LLP for
services performed in the last two fiscal periods by category of service (for
audit fees, audit-related fees, tax fees and all other fees) in Canadian
dollars.

See
page 57 of the Annual Information Form for a description of the audit
committees pre-approval policies and procedures. No audit-related fees, tax
fees or other non-audit fees were approved by the audit committee pursuant to
paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

OFF-BALANCE SHEET ARRANGEMENTS

The
Company does not have any off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on its financial condition,
changes in financial condition, revenues or expenses, results of operations,
liquidity, capital expenditures or capital resources that is material to
investors.

TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS

See
Section Liquidity on page 11 of Exhibit 99.2, Managements Discussion and
Analysis.

IDENTIFICATION OF THE AUDIT COMMITTEE

See
page 56 of the Annual Information Form.

CORPORATE GOVERNANCE PRACTICES

There
are certain differences between the corporate governance practices applicable to
the Company and those applicable to U.S. companies under NYSE MKT listing
standards. A summary of the significant differences can be found on the
Companys website at www.timminsgold.com.

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UNDERTAKING AND CONSENT TO SERVICE OF PROCESS

A.
Undertaking.The Company undertakes to make available, in person or by
telephone, representatives to respond to inquiries made by the Commission staff,
and to furnish promptly, when requested to do so by the Commission staff,
information relating to: the securities in relation to which the obligation to
file this annual report on Form 40-F arises or transactions in said
securities.

B.
Consent to Service of Process.The Company has filed an Appointment of Agent
for Service of Process and Undertaking on Form F-X with respect to the class of
securities in relation to which the obligation to file this Form 40-F
arises.

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SIGNATURE

Pursuant
to the requirements of the Exchange Act, the Company certifies that it meets all
of the requirements for filing on Form 40-F and has duly caused this annual
report to be signed on its behalf by the undersigned, thereto duly authorized.

TIMMINS GOLD CORP.



| | By: | /s/ Greg McCunn                         
| | --- | ----------------------------------------
| |     |                                         
| |     | Name:   Greg McCunn                     
| |     | Title:    
      Chief Executive Officer

Dated: March 20, 2017

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EXHIBIT INDEX

99.1
    Annual Information Form for the year ended December 31,
    201699.2
    Managements Discussion and Analysis for the year ended
      December 31, 201699.3
    Audited annual financial statements for the year ended
      December 31, 201699.4
    Certificate of Greg McCunn required by Rule 13a-14(a) or
      Rule 15d-14(a), pursuant to Section 302 of the Sarbanes-Oxley Act of
      200299.5
    Certificate of Ian Harcus required by Rule 13a-14(a) or
      Rule 15d-14(a), pursuant to Section 302 of the Sarbanes-Oxley Act of
      200299.6
    Certificate of Greg McCunn pursuant to 18 U.S.C. Section
      1350, as enacted pursuant to Section 906 of the Sarbanes-Oxley Act of
      200299.7
    Certificate of Ian Harcus pursuant to 18 U.S.C. Section
      1350, as enacted pursuant to Section 906 of the Sarbanes-Oxley Act of
      200299.8
    Consent of Deloitte LLP, Chartered Professional
      Accountants99.9
    Consent of Alan J. San Martin99.10
    Consent of Mani M. Verma99.11
    Consent of Richard M. Gowans99.12
    Consent of William J. Lewis99.13
    Consent of Michael Creek99.14
    Consent of Tony Loschiavo99.15
    Consent of Craig Gibson99.16
    Consent of Kelly McLeod99.17
    Consent of Herb Welhener99.18
    Consent of Dawn Garcia99.19
    Consent of Taj Singh


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