Timmins Gold receives environmental OK for Ana Paula
2017-04-10 08:25 ET - News Release
Mr. Greg McCunn reports
TIMMINS GOLD RECEIVES ENVIRONMENTAL APPROVAL FOR ANA PAULA
Timmins Gold Corp. has received authorization of the environmental impact assessment (MIA) for its high-grade, high-margin Ana Paula project located in Guerrero, Mexico. The regulator (SEMARNAT) has outlined the environmental protection programs required during construction of the project which are normal and in line with expectations.
Timmins chief executive officer, Greg McCunn, commented: "This is a major derisking step in the advancement of our Ana Paula project. Receiving the approval of the MIA from SEMARNAT adds to our confidence in executing the project in accordance with our timeline. We expect to publish our prefeasibility study for the project later this quarter which will substantially improve upon our confidence in the mineral resource, the metallurgy and the project economics."
Following the acceptance of the MIA, the company anticipates beginning a series of applications for the change-of-land-use (ETJ) permits which are the final permits required for the construction of the mine. The company expects to complete the permitting and feasibility study work over the next 12 months in advance of construction starting in the second quarter of 2018.
About Timmins Gold Corp.
Timmins Gold is a Canadian gold mining company engaged in exploration, development and production exclusively in Mexico. Its principal assets include the producing San Francisco mine in Sonora, Mexico, and the development-stage Ana Paula project in Guerrero, Mexico. The company also has a portfolio of other exploration properties, all of which are located in Mexico.