Timmins Gold Corp. is a gold production and development company operating exclusively in Mexico. The Company owns and operates the San Francisco open pit, heap-leach gold mine in Sonora State and is also developing the economically-robust Ana Paula growth project in Guerrero State. Production guidance for 2016 includes producing between 90,000 and 100,000 ounces of gold with cash costs of $750-$800 per ounce. The first half of 2016 was very strong, generating approximately $14 million in operating cash flow.
The Ana Paula Project located in Guerrero State, is currently in the feasibility and permitting stage. With no secured debt a strengthening balance sheet and a strong presence and network in Mexico, the Company plans to advance Ana Paula to a construction decision by Q1 2018. Ana Paula remains a priority for Timmins as it is expected to become a very profitable mine given its high grade, capital efficiency and low capital requirements.
Timmins' Management and Board of Directors consists of experienced mining industry leaders with a track record of delivering shareholder value. Timmins trades on the TSX under the symbol TMM and on the NYSE under the symbol TGD.