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Market: TSX-V
Sector: Gold Mining
Epic: .TMM
News: Latest news
Web Site: Timmins Gold Corp
Other Articles: 10-12-200907-12-200918-11-2009

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Timmins Gold Corp

Timmins Gold Corp

Timmins Gold Corp is engaged in the exploration and development of gold projects in Mexico. The company aspires to become a senior gold production and development company and has an aggressive development and acquisition plan to take the Company into production in late 2008. With a pre-feasibility report complete on its "flagship" San Francisco property in Sonora Mexico, Timmins is moving towards a minimum annual 80,000 ounces of gold production.

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Wednesday, November 18, 2009

Timmins Gold edges closer to first gold pour at San Francisco Gold Project

by Ian Mclelland company news image

Emerging gold producer, Timmins Gold (TSX: TMM) took another step forward on the path to production today, confirming that it had inked a deal with Peal de Mexico to provide both mining equipment and personnel for a 3.5 year period. 

Peal de Mexico is headquartered in Spain, but has operations in Spain, Portugal and Mexico, and has a particular presence in the State of Sonora.  The contract will see Peal de Mexico utilizing a mining fleet consisting of shovels, loaders and trucks to exploit the open pit resource at the San Francisco Gold Project.


“On site at present, Timmins Gold's mining and crushing operations are continuing with the available Komatsu shovel and six Caterpillar 100 ton trucks until the full mining fleet arrives,” the company stated today. “Over 100,000 metric tonnes of ore have been stacked on the heap leach pads and gold leaching has begun.”


Timmins also confirmed that its gold plant is operation and gold is being extracted from the pregnant solutions.  The first gold and silver dore bars are expected to be poured in the “coming weeks”.


The San Francisco gold mine is situated on a 42,000 hectare land package.


Timmins Gold's stated goal is to utilize cash flow from San Francisco to expand reserves and production, advance its exploration projects and make strategic acquisitions.

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