09:02 AM EDT, 05/11/2017 (MT Newswires) -- Timmins Gold (TMM.TO) reported a profitable quarter in Q1 while increasing its production guidance for the year and announced its plan of changing its name to Alio Gold.

EPS was US$0.02 compared to last year's net loss of US$0.03 per share. This was after revenues grew to US$32.3 million from US$28.6 million.

During the quarter, the company produced 26,048 ounces of gold, compared to 25,120 ounces for last year. For the year, the company increased its output guidance to a new range of 86,000 to 92,000 ounces of gold from the previous 70,000 to 75,000 ounces.

The company is proposing to change its name to Alio Gold Inc. at its upcoming annual general meeting of shareholders. If approved, the company expects to begin trading on both the TSX and the NYSE MKT under the ticker "ALO" on May 16.

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