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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.
20549

Amendment No.1 toFORM 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 nine month fiscal period ended: December 31, 2011

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)         |                                     

570 Granville Street, Suite 1900Vancouver, British
ColumbiaV6C 3P1(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 Amex LLC                             

Securities registered or to be registered pursuant to Section
12(g) of the Act: None

Securities for which there is a reporting obligation pursuant to
Section 15(d) of the Act: None

For 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:

140,291,127Common 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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EXPLANATORY NOTE

On March 30, 2012, Timmins Gold Corp. (the Registrant) filed
with the Commission its annual report on Form 40-F for the nine month fiscal
period ended December 31, 2011 (the Original Annual Report). Subsequent to
filing the Original Annual Report, the Registrant noted that a column of
historical results for the fiscal year ended March 31, 2010 had been omitted
from the table "Review of Financial Results", on page 4 of "Management's
Discussion and Analysis For the Nine Months Ended December 31, 2011", included
as Exhibit 99.2 to the Original Annual Report. A corrected version of Exhibit
99.2, which replaces Exhibit 99.2 included in the Original Annual Report in its
entirety, together with certifications under Sections 302 and 906 of the
Sarbanes-Oxley Act of 2002 are filed herewith. No other information in or
exhibit to the Original Annual Report is or has been amended.

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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/ Bruce Bragagnolo                       
| | ------ | -------------------------------------------
| | Name:  | Bruce Bragagnolo                           
| | Title: | Chief Executive Officer and
      Secretary

Date: April 4, 2012

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EXHIBIT INDEX

|99.1*  | Annual
      Information Form for the nine months ended December 31, 2011                                                                               
|------ | --------------------------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                                         
|99.2   | Managements
      Discussion and Analysis for the nine months ended December 31, 2011                                                                  
|       |                                                                                                                                                         
|99.3*  | Audited
        annual financial statements for the nine months ended December 31, 2011                                                                 
|       |                                                                                                                                                         
|99.4   | Certificate
        of Bruce Bragagnolo required by Rule 13a-14(a) or Rule 15d-14(a), pursuant
        to Section 302 of the Sarbanes-Oxley Act of 2002 
|       |                                                                                                                                                         
|99.5   | Certificate
        of Colin Sutherland required by Rule 13a-14(a) or Rule 15d-14(a), pursuant
        to Section 302 of the Sarbanes-Oxley Act of 2002 
|       |                                                                                                                                                         
|99.6   | Certificate
        of Bruce Bragagnolo pursuant to 18 U.S.C. Section 1350, as enacted pursuant
        to Section 906 of the Sarbanes-Oxley Act of 2002
|       |                                                                                                                                                         
|99.7   | Certificate
        of Colin Sutherland pursuant to 18 U.S.C. Section 1350, as enacted pursuant
        to Section 906 of the Sarbanes-Oxley Act of 2002
|       |                                                                                                                                                         
|99.8*  | Consent
        of Deloitte & Touche LLP, Independent Registered Chartered Accountants                                                                  
|       |                                                                                                                                                         
|99.9*  | Consent
        of Alan J. San Martin                                                                                                                   
|       |                                                                                                                                                         
|99.10* | Consent
      of Mani M. Verma                                                                                                                          
|       |                                                                                                                                                         
|99.11* | Consent
      of Richard M. Gowans                                                                                                                      
|       |                                                                                                                                                         
|99.12* | Consent
      of William J. Lewis                                                                                                                       
|       |                                                                                                                                                         
|99.13* | Consent
      of Christopher R. Lattanzi                                                                                                                
|       |                                                                                                                                                         
|99.14* | Consent
      of Lawrence A. Dick                                                                                                                       

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