Proactiveinvestors recommends
Additional Information
Market: TSX-V
Sector: General Mining - Gold
EPIC: TMM
1 year chart
digital-look imported chart image
Deal TMM Tax Free*
*subject to change and depends on individual circumstances.
1 day chart
digital-look imported chart image
Advertisement
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Timmins Gold Corp
www.timminsgold.com
Deal Timmins Gold Corp Tax Free* Losses can exceed
your initial deposit *subject to change and depends on individual circumstances.

Timmins Gold Corp. is strategically positioned for continuous growth as a gold production and development company. Focused solely in Mexico, Timmins Gold has begun production at its wholly owned San Francisco Gold Mine in Sonora.

Timmins Gold’s objective is to expand the current reserves and the lifespan of the San Francisco Mine,...

Read more
Full Timmins Gold Corp profile here
Pdf

Timmins Gold starts commercial production at San Francisco mine in Mexico

April 08 2010, 3:39pm

Timmins Gold Corp (TSX-V: TMM) announced that commercial gold production begun as of the start of April 2010 at its wholly owned San Francisco open pit gold mine located in northern Sonora, Mexico.

Mining rates and process plant throughput have steadily built up during the commissioning phase and are now exceeding budget and plan by almost 10 percent, it said in a statement. Management is confident that the operation will achieve the previously announced annual gold production rate for 2010 of 80,000 ounces of gold.

The life of mine cash cost is projected at approximately US$412 per ounce.
Focused solely in Mexico, Timmins Gold is now in commercial gold production at the San Francisco mine, a past-producing open pit heap leach operation.

Last month it confirmed the potential to expand the total resource at San Francisco. Timmins had focused on moving the project into production, while also looking at adding additional resources outside of the existing pit. It said in mid-March that some 6,750 meters of reverse circulation (RC) drilling (85 holes) had confirmed that the in-pit mineralization extended along strike to the north-west of the main gold structure.

“The results of the drill program show that the gold mineralization continues NW for at least 200 meters beyond the currently planned pit limit and includes multiple intersections of gold mineralization consistent with the width and grade of mineralization which is contained within the San Francisco pit and which is included in the current mine plan,” Timmins noted last month, adding it expects to report an updated resource estimate in April.

As part of Timmins’ ongoing exploration at San Francisco, an additional 50,000 meters of RC drilling, which will focus both on infill and step-out drilling, will be undertaken.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.