TMM Hits the TSX with Production Up

MARC JOHNSON, M Partners (12/13/2010)
"Timmins successfully achieved profitability in 2010 at its San Francisco heap leach gold mine in Sonora, Mexico. The mine continues to ramp towards a production target of over 100,000 oz Au per year with cash costs of $410/oz. Timmins will focus in 2011 on an exploration program to significantly extend reserves and resources with a regional target of 3 Moz. Au within 3km of the San Francisco open pit.

Timmins announced after the close that Mr. Barry Fraser has been appointed as director and Chairman of the Board. Mr. Fraser is a senior litigation lawyer with over 30 years' experience in business, corporate governance and other related areas. . .The appointment of a non-executive Chairman was a requirement for a listing on the TSX. Timmins was pre-approved by the Exchange pending appointment of a non-executive Chairman and could receive its TSX listing as soon as the end of the week."

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