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Timmins Gold Corp T.TMM

Metals & Mining Gold
"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

Timmins Gold Corp
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Post by razzsson Sep 14, 2011 7:35am
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Post# 19040021

Article from Reuters..

Article from Reuters..
UPDATE 1-Timmins Gold posts Q1 profit as gold sales rise
(Follows alerts)

Sept 14 (Reuters) - Canadian miner Timmins Gold Corp reported a first-quarter profit helped by a rise in gold sales and higher gold prices.

The company posted a net profit of $5.7 million, or 4 cents a share, compared with a loss of $1.04 million, or 1 cent a share, in the year-ago period.

The company, which owns and operates the San Francisco gold mine in Mexico, said revenue for the quarter almost doubled to $27.02 million.

The company produced 16,676 ounces of gold during the first quarter, at an average realized gold price of $1,507 per ounce, up from 11,319 ounces of gold a year ago.

Shares of the company closed at C$3.06 Tuesday on the Toronto Stock Exchange. (Reporting by Maneesha Tiwari in Bangalore; Editing by Sayantani Ghosh)
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