Friday, December 10, 2010

Industry Watch: Timmins San Francisco Gold Mine Continues to Ramp Up Production

Al chats with Bruce Bragagnolo, CEO and Director for Timmins Gold, about the San Francisco Gold mine and the ramping production and improved crushing capacity and profit margins.

Timmins Gold Corp is strategically positioned for years of continuous growth as a gold production and development company. Focused in Mexico, Timmins Gold is in full commercial 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 Goldcorp's 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.

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