The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
Scheduled to Produce 80,000 Ounces of Gold per Year
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PETER ZIHLMANN, P.Zihlmann Investment
(05/09/2009)
"Timmins Gold Corp is strategically positioned to become a gold production and development company. Focused solely in Mexico, Timmins Gold has formulated an aggressive development and acquisition plan which is designed to take the company into production on its "flagship" project the San Francisco gold mine in Sonora Mexico. A preliminary feasibility report received this year confirms the "economic viability of the mine," which is scheduled to produce 80,000 oz of gold per year. The gold plant is on site and has been recently refurbished and tested and the new crushers are being installed. With all permits now complete and in place Timmins anticipates being in production in 2009. With the entire permitting process now complete, Timmins Gold is nearing the completion of its construction activities as it prepares for gold production this year. On January 18, 2007, Timmins Gold announced the independent mineral resource estimate on the San Francisco property. The estimate was prepared by Independent Mining Consultants Inc. of Tucson, Arizona (IMC) according to stringent requirements of The National Instrument 43-101. The mineral resource estimate is based on a US$500 per ounce gold floating cone with 64% recoveries, US$1.00 per ton mining cost and 0.23 g/t gold cut-off grade." |
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More Experts
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