20,030 Ounces Of Gold Sold During Third Quarter of Production
January 20, 2011
Vancouver, British Columbia - Timmins Gold is pleased to announce preliminary production statistics for its third quarter of commercial production ended December 31, 2010 from its wholly owned San Francisco open pit gold mine located in northern Sonora, Mexico.
A total of 20,030 ounces of gold was sold during the quarter ended December 31 which is a 28 % increase over the previous quarter.
SAN FRANCISCO MINE
| Quarter ended December 31, 2010
| Total Material Moved
|| Dry Ktonnes
| Ore Mined and Crushed
|| Dry Ktonnes
During the 3 month period average daily production from the mine averaged over 13,282 dry metric tonnes, an increase of 11 %
over the previous quarter.
The strip ratio for the quarter averaged 3.7 to 1. The current life of mine strip ratio is projected at 1.73 to 1.
Average head grade for the quarter was 0.939 g/t which is in line with expectations.
Metallurgical recoveries are on target to achieve a rate of over 70%.
There were no accidents which resulted in lost time during the quarter.
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 43-101 F1 Technical Report dated November, 2010)
Bruce Bragagnolo, LLB
Chief Executive Officer
Vancouver, BC, Canada
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