Agoracom: Small Cap Investment - Alio Gold - Re: Timmins Gold Corp.: Ramp Up to Full Production Proceeding

Gold Production in Mexico

Targeting 2013 annual production of 118,000 ounces of gold

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Timmins Gold Corp.: Ramp Up to Full Production Proceeding

RockLicker

Nov 30, 2010 07:39AM

luker

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Re: Timmins Gold Corp.: Ramp Up to Full Production Proceeding

in response to

Timmins Gold Corp.: Ramp Up to Full Production Proceeding

RockLicker

posted on Nov 30, 2010 12:22PM

"Direct operating costs per recoverable ounce for the three months ended September 30, 2010 were US$612 (C$636) compared to US$857 (C$881) for the previous quarter and by September this cost measure had fallen to US$472 (C$488) per recoverable ounce"

That reduction represents exceptionally fast progress. We may already in fact be at the target production cost of $412/oz!

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