VANCOUVER - Timmins Gold Corp. (TSX:TMM) says its revised plan for the San Francisco gold mine in Mexico calls for a much larger crushing system to take advantage of the project's increased reserves and current high gold prices.Based on processing 32,000 tonnes of ore per day and gold at US$ 1,200 an ounce, the Vancouver-based company estimates it … [Read more...]
Timmins Gold posts fiscal Q2 profit of $3.6M
November 9, 2011 by
VANCOUVER - Higher production and realized prices helped Timmins Gold Corp. (TSX:TMM) swing to a profit in its fiscal 2012 second quarter as revenues rose 44 per cent.The Vancouver-based gold producer said net earnings for the three months ended Sept. 30 were US$ 3.6 million or three cents per share. That compared with a loss of $ 803,714 or a … [Read more...]
Timmins Gold posts Q1 net profit of $5.7M
September 14, 2011 by
VANCOUVER - Timmins Gold (TSX:TMM) said Wednesday that revenues increased 95 per cent to $ 27 million in the first quarter as the gold producer increased net profit to $ 5.7 million.That compared with a net loss of $ 1 million in the same period last year on revenues of $ 13.8 million.Earnings per share diluted were four cents compared with a … [Read more...]
