Timmins Gold Corp T.TMM

News: Gold Production: 24k. Silver 13k

[MisterB]

Great results. I had expected gold production to tail off a bit more this Q, but this is really strong.  Great to see!
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HERMOSILLO, MEXICO--(Marketwired - Oct. 13, 2016) - - Timmins Gold Corp. (TSX:TMM)(NYSE MKT:TGD) is pleased to report preliminary production results for the Company's third quarter ended September 30, 2016. The Company achieved production of 24,052 gold ounces for the quarter.

Three Months Ended September 30, 2016

	3Q 2016	3Q 2015
Ore Processed (Dry t)	1,791,399	2,200,292
Average Grade Processed (g/t Au)	0.61	0.51
Low Grade Stockpiled (t)	-	16,030
Average Grade Stockpiled (g/t Au)	-	0.41
Waste Mined (t)	3,724,904	7,000,474
Total Mined (t)	5,469,985	8,963,353
Strip Ratio	2.13	3.57
Gold Produced (oz)	24,052	23,387
Silver Produced (oz)	13,868	10,539
Gold Sold (oz)	23,327	23,387
Silver Sold (oz)	13,868	10,539
Days	92	92
Average Ore Processed (t/d)	19,472	23,916
Average Total Mined (t/d)	59,456	97,428
Realized Gold Price	$1,330	$1,137

"We are very pleased with the consistency of our operating performance during the quarter and year to date," stated Arturo Bonillas, President of the Company. "Gold ounces produced this year have already exceeded our previous targets as we are on pace to meet current guidance of 90,000 - 100,000 ounces for 2016. We continue to see the benefit of the changes implemented late last year including cost reductions (mine-site G&A, mining and cyanide cost reduction), and increased operational efficiencies."

During the quarter, the Company also announced the extension of mining at the San Francisco mine into 2023 and the initiation of pre-construction activities at Ana Paula to include, feasibility, baseline-engineering studies and permitting. 

Read more at https://www.stockhouse.com/news/press-releases/2016/10/13/timmins-gold-reports-production-of-24-052-gold-ounces-for-the-third-quarter-of#zAgD1APx3UAptFvL.99

[blue0987]

With 23,000+ Au ounces sold @ US$1330, Cash Flow from operations should again exceed $11 million for Q3 2016  .... Outstanding!    Time for the market to start waking-up on this stock with 3 consecutive quarters of solid production, and positive cash flow, totaling around 75 Au ounces, and $25 million dollars respectfully, not to mention the highly economical Ana Paula Project

[3wood]

They're doing great things at the mine but the SP continues to disappoint - when do you think the venture value will be reflected in the SP. I think it should be @ $1.25 now and don't understand the shortfall.

[Platin2014]

I think too, that they have done a good job so far this year. Two things IMO what holds the SP back is 1) investors are still scared, that SF could shut down, because POG is right now not over $1.300 as a (stupit) magic number and 2) that TMM still has an interim CEO. I dont understand why they haven`t made Backens to the real CEO, he has done a good job so far

[bobofet]

Yes  its true San Fran is important for future monies needed... and it could come to a point where its not economical to mine  FOR NOW,,,, and yet the ounces are still in the ground  waiting to plucked,,, Timmins will just have to wait it out   and the gold will not disappear. SP  will need a  re-rating... whatever that means exactly I really dont know who