Vancouver, BC - Timmins Gold Corp. (TSX:TMM) is pleased to announce the appointment of Mr. Colin Sutherland, CA as Chief Financial Officer (CFO) effective immediately.
Mr. Sutherland is a Chartered Accountant and brings over 15 years experience in corporate finance, capital markets, and strategic initiatives. Mr. Sutherland has extensive experience in mergers and acquisitions and financing mineral exploration and development projects having been involved in mergers and acquisitions totaling approximately $1 billion and financings in excess of $500 million.
"We are delighted to have someone of Colin's caliber join our team," stated Bruce Bragagnolo, CEO of Timmins Gold Corp. "His track record in the mining industry and experience helping lead a company through a rapid period of growth and transition will serve him well as he joins the Company at this exciting juncture in our history. He is ideally suited to assist our management team and work with our Board of Directors to create value for our shareholders."
The Company would like to thank Mr. Eugene Hodgson for his valuable service to the Company as Chief Financial Officer. Mr. Hodgson will remain as a Director of the Company.
Caution Regarding Forward-Looking Statements
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.
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About Timmins Gold
Focused solely in Mexico, Timmins Gold Corp is 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. Timmins Gold has forecast production at a rate in excess of 100,000 ounces of gold per year at a life of mine cash cost of approximately U.S. $489 per ounce. (Micon International NI 43-101F1 Technical Report dated November, 2010).
Timmins Gold Corp.
CEO and Director