Tuesday, August 10, 2010

Industry Watch: Al discusses Ramping Gold Production from Timmins with Bruce Bragagnolo

Nationally syndicated radio show personality Al Korelin from the Korelin Economics Report hosts Industry Watch. In this segment Al discusses the gold producing San Francisco Mine with the CEO and Director of Timmins Gold Corp., Bruce Bragagnolo. 

immins Gold Corp is strategically positioned for years of continuous growth as a gold production and development company. Focused in Mexico, Timmins Gold has now begun full scale gold production at its wholly owned San Francisco Gold Mine in the state of Sonora.
The Mine is a past producing open pit heap leach operation from which Timmins Gold will be producing at a rate of 80,000 - 100,000 ounces of gold per year at a cash cost of approximately $412 per ounce.

On the exploration front, Timmins Gold is focussed on drilling along strike to expand the reserves at the San Francisco Mine. In addition, Timmins Gold's portfolio consists of several other gold projects one of which is a 45,000 hectare property located contiguous to Goldcorp's Penasquito Gold Mine (17 million ounces) and near Canplats Camino Rojo Gold Project in Zacatecas. Timmins Gold also has over 70,000 hectares of claims in the highly prolific Northern Sonora Gold District.

Timmins Gold plans to grows the Company by expanding the current reserves and lifespan of the San Francisco Mine, advance its other exploration projects and to make strategic acquisitions.

The commencement of production combined with exploration potential positions Timmins Gold for strong growth and increased shareholder value. Timmins Gold trades on the TSX.V under the symbol TMM.

Bruce Bragagnolo is a securities lawyer with extensive experience in the junior resource sector. Mr. Bragagnolo will be focusing his energies on administration and finance for the Company and with regulatory compliance.

To learn more about Timmins Gold Corp. visit http://www.timminsgold.com

To listen to the Korelin Economics Report visit http://www.kereport.com

To learn more about Industry Watch visit http://www.evenkeelmedia.com

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