Timmins Gold Reports Updated Mineral Resource,

Gold Production in Mexico

Targeting 2013 annual production of 118,000 ounces of gold

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Timmins Gold Reports Updated Mineral Resource,

posted on Aug 23, 2016 08:37AM

Reserves Estimate for San Francisco Gold Mine

2016-08-23 06:38:00 AM ET (MT Newswires)

06:38 AM EDT, 08/23/2016 (MT Newswires) -- Timmins Gold (TGD) reported an updated mineral resource and reserves estimate for its San Francisco Gold Mine in Mexico.

Reserves after mining recovery and dilution were 574,000 gold ounces grading 0.56 g/t (gram per tonne) at $1,250 per gold ounce. On the other hand, measured and indicated resources were 1.0 million gold ounces grading 0.58 g/t at $1,350 per gold ounce.

Life-of-mine production is also estimated to be between 450,000 and 500,000 gold ounces.

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