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. Listen now. Korelin Economics Report - Bruce Bragagnolo, CEO of Timmins Gold, provides Al with an update on the company (10/9/09) Listen now.Timmins Gold President and CEO, Bruce Bragagnolo, tells listeners about gold production in Mexico. (2/09/10)
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"I've basically been with Timmins Gold Corp. since they were doing the seed financing. They're just putting a mine into operation in Mexico, where they're going to produce between 80,000 and 100,000 ounces at just over $400 an ounce. Right now they have only about 600,000 ounces there, so it's a mine life of only about five years. However, the exploration potential there is quite significant, and I really can see that mine operating probably three times longer.
In addition, Timmins Gold also has some other excellent potential exploration properties in Mexico. So I like this company a lot; I like the management a lot. A very good Mexican contingent, including the president, gives them a lot of help strategically in the country."
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The Gold Report Interview with Ian Gordon (02/22/10)