Timmins Gold Corp is strategically positioned for years of continuous growth as a gold production and development company. Focused solely in Mexico, Timmins Gold is now ramping up for full commercial production at its wholly owned San Francisco Gold Mine in Sonora, Mexico.
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.
To date all plant and equipment necessary for full production is operational including crushing, leaching and extraction facilities. With permitting and construction complete, Timmins Gold has scheduled its first commercial gold pour by January 2010.
On the exploration front, Timmins Gold is currently drilling at San Francisco with the objective of adding gold ounces to expand the current mine life. Including the San Francisco property, Timmins Gold has over 70,000 hectares of claims in the highly prolific Northern Sonora Gold District. During 2010 Timmins Gold will also be prospecting the Tim Claims, 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. The Cocula and Tequila projects will also receive further work.
The Company's goal is to utilize future cash flow to expand reserves at the San Francisco Mine, advance its exploration projects and make strategic acquisitions.
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.