Vancouver, British Columbia Timmins Gold Corp. ("Timmins Gold") is pleased to announce that commercial gold production commenced as of the start of April, 2010 at its wholly owned San Francisco open pit gold mine located in northern Sonora, Mexico. Mining rates and process plant throughput have steadily built up during the commissioning phase and are now exceeding budget and plan by almost 10%. Management is confident that the operation will achieve the previously announced annual gold production rate for 2010 of 80,000 ounces of gold. The life of mine cash cost is projected at approximately $412 per ounce.
This is another significant milestone for Timmins Gold and management congratulates all operations staff in achieving this important goal.
About Timmins Gold
Focused solely in Mexico, Timmins Gold is now in commercial gold 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 has projected production at a rate in excess of 80,000 ounces of gold per year at a life of mine cash cost of approximately $412 per ounce. (Micon International Preliminary Feasibility Study, March 2008)
For further information contact Timmins Gold Corp. at 604-682-4002 or go to the website at www.timminsgold.com.
Bruce Bragagnolo, LLB
Chief Executive Officer
Vancouver, BC, Canada
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This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans, "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law, Timmins Gold does not intend to update any forward-looking statements to conform these statements to actual results.