DESCRIPTION: Timmins Gold Corp. is strategically positioned to become a gold production and development company. Focused in Mexico, the company has formulated a development plan to take its wholly owned San Francisco Gold Mine in Sonora, Mexico into production in 2009. Timmins Gold's portfolio consists of four other gold properties. Its goal is to utilize future cash flow to expand existing reserves and lifespan at the San Francisco Mine, explore its other properties and grow the company through strategic acquisitions. The combination of production and advanced exploration positions Timmins Gold for future growth and increased shareholder value.
Click here to view Timmins Gold’s Fact Sheet. Click here to view Timmins Gold’s Corporate Presentation.
Korelin Economics Report - Bruce Bragagnolo, CEO of Timmins Gold, provides Al with an update on the company (10/9/09) Listen now. WEBSITE: http://www.timminsgold.com
The information below is based on the most recent information we have
received from analysts and the companies participating in The Gold Report.
We encourage you to visit the company's web site for updates.
"Vancouver-based Timmins Gold Corp. . .is on target to produce up to 80,000 gold ounces this year and 100,000 ounces in 2011. With the pouring of its first gold bars in December at its 100%-owned San Francisco gold mine in Sonora State, it became the latest of only several 'primary' gold producers (as opposed to the mining of gold on a small-scale as a by-product of silver mining) in Mexico.
. . .The latest expansion-minded gold producer to decide to flex its muscles in the mining marketplace is Timmins Gold—which has the corporate objective of significantly increasing its output over the next couple of years. Having just reached the all-important milestone of achieving production status last month, it is already looking to acquire new gold assets. . ."
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Marc Davis, BNW News (01/20/10)