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April 08, 2010
Commercial Gold Production Commences at the San Francisco Mine
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
Tel: 604-638-8980
bruce@timminsgold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
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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