| Timmins Gold Corp. (TSX:TMM) (NYSE MKT:TGD) is pleased to report preliminary production results for the Company's first quarter ended March 31, 2016. The Company achieved production of 25,120 gold ounces for the quarter. Three Months Ended March 31, 2016 ---------------------------------------------------------------------------- Jan-Mar 2016 Jan-Mar 2015 % Change ---------------------------------------------------------------------------- Ore Processed (Dry t) 2,003,712 2,074,788 (3) ------------------------------------------ Average Grade Processed (g/t Au) 0.62 0.53 17 ------------------------------------------ Low Grade Stockpiled (t) 3,966 112,206 (96) ------------------------------------------ Average Grade Stockpiled (g/t Au) 0.24 0.26 (8) ------------------------------------------ Waste Mined (t) 4,708,661 5,997,897 (21) ------------------------------------------ Total Mined (t) 6,707,981 8,084,228 (17) ------------------------------------------ Strip Ratio 2.36 2.87 (18) ------------------------------------------ Gold Produced (oz) 25,120 24,155 4 ------------------------------------------ Silver Produced (oz) 14,671 15,309 (4) ------------------------------------------ Gold Sold (oz) 24,667 24,155 2 ------------------------------------------ Silver Sold (oz) 14,671 15,309 (4) ------------------------------------------ Days 91 90 1 ------------------------------------------ Average Ore Processed (t/d) 22,019 23,053 (5) ------------------------------------------ Average Total Mined (t/d) 73,714 89,825 (18) ------------------------------------------ Realized Gold Price $1,160 $1,221 (5) ---------------------------------------------------------------------------- Arturo Bonillas, President of the Company, stated, "Gold production this quarter was strong mainly due to higher grades and lower waste stripping. Grades were 17% higher and strip was 18% lower than the same quarter last year. We remain on track to achieve our objectives for 2016." |