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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

Comment by imurhuckleberryon Aug 12, 2016 10:41am
87 Views
Post# 25135420

RE:RE:RE:TMM

RE:RE:RE:TMM
teepster wrote: when is ana paula supposed to come online?


From a past news release: On September 18, 2015, Timmins announced that it had entered into an agreement with a Mexican subsidiary of Goldcorp Inc. (Goldcorp) to acquire the process plant and select auxiliary equipment (Plant) used in the operation of Goldcorps El Sauzal Mine in Chihuahua, Mexico (the Plant Acquisition). The El Sauzal Mine was operational until December 2014 when it began its closure. The acquisition of the plant for future use at Ana Paula will allow significant capital savings to be realized ($40-60 million vs. buying new) and will allow for the project schedule to be markedly advanced. The plant is essentially a direct fit with the flowsheet (process, throughput, etc.) envisioned for Ana Paula. I'm not sure how long the "construction" phase will last starting Q1 2018, but having this should help expedite the timing to go online.
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