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Timmins Gold Corp T.TMM

"Timmins Gold Corp is engaged in acquiring, exploring, developing and operating mineral resource properties in Mexico. It owns and operates the San Francisco open pit and Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz."


TSX:TMM - Post by User

Bullboard Posts
Comment by zzthnxon Nov 21, 2010 10:20am
459 Views
Post# 17735753

RE: gold report

RE: gold report"Proven and probable reserves were increased from 611 Koz. to 780 Koz....Measured and indicated resources for the San Francisco mine have increased to 984 Koz. gold and the inferred resource has increased to 208 Koz. gold."

So, we have already defined close to 2 million ounces in all categories if the indicated and inferred are upgraded to proven and probable. That's 18 years of 110,000 ounces per year (110,000 is the production goal for 2010-2011 per the corporate presentation).

Not to mention that they're planning $11 million in drilling at San Francisco in 2011. I'm looking forward to hearing more about the Tims claims that are adjacent to Goldcorp's Penasquito mine (17 mil. ounces).

As far as I can see, TMM is looking great.

Cheers, zz
Bullboard Posts