Timmins Gold Reports Record Profit From Operations of $19.3 million and Record Earnings Per Share of $0.10 for Q1 2013
Timmins Gold intersects 72 meters of 1.6 gpt gold, 15 meters of 4.2 gpt gold and 14 meters of 3.2 gpt gold at San Francisco Pit
Timmins Gold reports record production of 28,328 gold ounces for the first quarter of 2013
Timmins Gold Corp is well positioned for continuous growth as a gold production and development company. The Company owns and operates the San Francisco Gold Mine in Sonora State, an open pit heap leach operation from which Timmins Gold is expanding production to 125,000 - 130,000 ounces of gold in 2013.
On the exploration front, Timmins Gold has over 200,000 hectares of claims contiguous to the Mine along the highly prolific Northern Sonora Gold District. Exploration success around the mine has significantly increased gold resources and reserves. The Company is committed to an extensive 200,000 meter program in 2013 for further resource and reserve growth.
Timmins Gold's growth plans consists of ongoing drilling at San Francisco and advancement of its exploration projects.
The combination of production, free cash flow generation and exploration success positions Timmins to deliver increased shareholder value. Timmins trades on the TSX under the symbol TMM and the NYSE MKT under the symbol TGD.
Lawrence A. Dick, Ph.D., P.Geo., who is recognized as a Qualified Person under the guidelines of National Instrument 43-101, approved the technical disclosure regarding the San Francisco Project contained herein. Mr. Dick is a consultant to the Company and was formerly a director of the Company