Timmins Gold Corp T.TMM

Q1 another 31 perc. drop in gold production 42% drop silver

[marpip3]

They continue to blame it on low grades, and not even monsoon season yet.

Category		Jan-Mar 2015		Jan-Mar 2014		% Change
Ore Processed (Dry t)		2,074,788		2,122,650		-2.3	%
Average Grade Processed (g/t Au)		0.53		0.76		-30.0	%
Low Grade Stockpiled (t)		112,206		288,021		-61.0	%
Average Grade Stockpiled (g/t Au)		0.26		0.26		0	%
Waste Mined (t)		5,997,897		5,520,468		8.6	%
Total Mined (t)		8,084,228		7,894,070		2.4	%
Strip Ratio		2.87		2.33		23.2	%
Gold Produced (oz)		24,155		35,413		-31.8	%
Silver Produced (oz)		15,309		26,648		-42.6	%
Gold Sold (oz)		24,155		36,763		-34.3	%
Silver Sold (oz)		15,309		26,648		-42.6	%
Days		90		90		0	%
Average Ore Processed (t/d)		23,053		23,585		-2.3	%
Average Total Mined (t/d)		89,825		87,712		2.4	%
Realized Gold Price		$1,221		$1,297		-5.9	%

Arturo Bonillas, President of the Company, stated, "Production this quarter was lower than expected due to slightly lower grades than anticipated."