Timmins Gold reports production of 25,120 gold ounces for the first quarter of 2016Download as PDF
April 14, 2016
Hermosillo, Mexico - Timmins Gold Corp. (TSX:TMM, NYSE MKT:TGD) is pleased to report preliminary production results for the Company’s first quarter ended March 31, 2016. The Company achieved production of 25,120 gold ounces for the quarter.
Three Months Ended March 31, 2016
|Jan-Mar 2016||Jan-Mar 2015||% Change|
|Ore Processed (Dry t)||2,003,712||2,074,788||(3)|
|Average Grade Processed (g/t Au)||0.62||0.53||17|
|Low Grade Stockpiled (t)||3,966||112,206||(96)|
|Average Grade Stockpiled (g/t Au)||0.24||0.26||(8)|
|Waste Mined (t)||4,708,661||5,997,897||(21)|
|Total Mined (t)||6,707,981||8,084,228||(17)|
|Gold Produced (oz)||25,120||24,155||4|
|Silver Produced (oz)||14,671||15,309||(4)|
|Gold Sold (oz)||24,667||24,155||2|
|Silver Sold (oz)||14,671||15,309||(4)|
|Average Ore Processed (t/d)||22,019||23,053||(5)|
|Average Total Mined (t/d)||73,714||89,825||(18)|
|Realized Gold Price||$1,160||$1,221||(5)|
Arturo Bonillas, President of the Company, stated, “Gold production this quarter was strong mainly due to higher grades and lower waste stripping. Grades were 17% higher and strip was 18% lower than the same quarter last year. We remain on track to achieve our objectives for 2016.”
About Timmins Gold
The Company owns and operates the San Francisco open pit, heap leach gold mine in Sonora, which provides a base of operations, allowing the Company to develop two economically robust growth projects with manageable capital requirements, the Ana Paula and Caballo Blanco gold projects.
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) nor the New York Stock Exchange MKT accepts responsibility for the adequacy or accuracy of this news release.
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