Vancouver, BC - Timmins Gold Corp. (TSX:TMM, NYSE MKT:TGD) (the “Company”) announces that it held its annual and special meeting of shareholders on July 31, 2014. The nominees listed in the management proxy circular dated July 3, 2014 were elected as directors of Timmins Gold at the meeting. Detailed results of the vote are set out below:
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“We are extremely pleased with the results of the AGM, which demonstrates the confidence of our shareholders in our newly constituted Board,” stated Bruce Bragagnolo, CEO of Timmins Gold Corp. “We are delighted to welcome our new Board members and would also like to thank our outgoing Board members, Arturo Bonillas, Frank Cordova, Barry Fraser, Eugene Hodgson and Miguel Soto, for their contribution to the Company since its inception, and their support of the process of board renewal.”
Following the AGM, the newly constituted Board appointed Bryan Coates as independent Chairman.
"I am delighted to serve as Chairman of Timmins Gold," said Mr. Coates. "Under the leadership of Arturo Bonillas and Bruce Bragagnolo, who will continue in their respective roles as President and CEO, Timmins Gold has demonstrated outstanding operating and financial performance. The Board will continue to support and challenge management while also seeking to maximize shareholder value."
The following is a brief biography of each of the members of the Board:
George Brack – Independent
Bruce Bragagnolo – Non Independent
Bryan Coates – Independent
Anthony Hawkshaw- Independent
Stephen Lang – Independent
Luc Lessard – Independent
Paula Rogers – Independent
José Benavides Vizquerra – Independent
In addition the Company’s auditors, Deloitte, LLP were reappointed for the ensuing fiscal year and the Company’s Advance Notice Policy was approved.
About Timmins Gold
Timmins Gold is in commercial gold production at its wholly owned San Francisco Gold Property in Sonora, Mexico. The mine is an open pit heap leach operation from which Timmins Gold has projected production of 115,000 to 125,000 ounces of gold in 2014 with cash costs of approximately $800 per ounce.
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Certain statements contained herein may constitute forward-looking statements and are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. Forward-looking statements are statements which relate to future events. Such statements include estimates, forecasts and statements as to management’s expectations with respect to, among other things, business and financial prospects, financial multiples and accretion estimates, future trends, plans, strategies, objectives and expectations, including with respect to production, exploration drilling, reserves and resources, exploitation activities and events or future operations. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when, and if, a project is actually developed.
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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.