Posted in | Gold | Mining Business

Timmins Gold Announces 40% Higher Gold Sale in Q2

Timmins Gold (TSX VENTURE:TMM) has announced preliminary production statistics for its second quarter of commercial production ended September 30, 2010 from its wholly owned San Francisco open pit gold mine located in northern Sonora, Mexico.

A total of 15,680 ounces of gold was sold during the quarter ended September 30 which is a 40% increase over the previous quarter.

During the 3 month period average daily production from the mine averaged 11,986 metric tonnes, an increase of 19% over the previous quarter.

The strip ratio for the quarter averaged 3.34 to 1. The current life of mine strip ratio is projected at 3.0 to 1.

Average head grade for the quarter was 0.817g/t gold which is in line with expectations.

Metallurgical recoveries are on target to achieve a rate of over 70%.

There were no accidents which resulted in lost time during the quarter.

Source: Timmins Gold Corp.

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