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Stock Market & Financial Investment News

News Breaks
January 13, 2014
06:06 EDTTGDTimmins Gold reports increased gold production 39% YoY during Q4
Timmins Gold reported preliminary production results for the Company's Q4. The Company achieved record production of 34,563 gold equivalent ounces for the quarter and 120,900 gold equivalent ounces for the year which represent increases of 39% and 27% over the prior comparative periods.
News For TGD From The Last 14 Days
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December 18, 2014
06:11 EDTTGDTimmins Gold to purchase Caballo Blanco project for $10M in cash, 16.07M shares
Timmins Gold announced that it has entered into an Asset Purchase Agreement with Goldgroup Mining to purchase 100% of the Caballo Blanco Gold Project, a gold development project in Veracruz State, Mexico for total consideration of $10M in cash and 16.07M Timmins Gold shares. The transaction will be immediately accretive to Net Asset Value, or NAV, and mineral resources and is expected to be accretive to operating cash flow, EBITDA and other key operational metrics once in operation based on current gold prices. The proposed project is a Mexican open pit/heap leach operation similar to the San Francisco mine, providing opportunity to leverage past success in permitting, building and operations. Will significantly grow current resource base with the addition of 575,000 ounces of gold indicated and 419,000 oz Au inferred mineral resource along with potential for meaningful exploration near existing resources and within a sizeable, underexplored land package. When added to the company's current production, the projected production from the project would nearly double Timmins Gold's annual production to over 220,000 oz Au with the addition of approx. 90,000 oz Au at a projected cash cost of $784 per ounce and moves operating profile in line with other mid-tier producers.

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