Vancouver (British Columbia). Timmins Gold Corp. (TSX: TMM, NYSE MKT: TGD) is pleased to announce the company's preliminary production results for the 31. December 2013 announced fourth quarter ended. The company reported record 34.563 ounces of gold equivalent * production in this quarter and 120.900 ounces of gold equivalent throughout the year, an increase of 39 and 27 percent, respectively, over the same period in the prior year.
The three months on 31. December 2013 came to an end:
Category 10-12 2013 10-12 2012% Change
Processed Ore (Dry Tons) 2.014.968 1.493.623 34,90%
Average processed salary (g / t Au) 0,872 0,819 6,47%
Stored low content (t) 349.338 526.800 -33,69%
Average salary (g / t Au) 0,253 0,265 -4,53%
Processed End Material (t) 5.307.526 5.295.383 0,23%
Total Degraded (t) 7.591.767 7.162.895 5,99%
Bearing ratio 2,32 2,84 -18,31%
Produced Gold (oz) 34.166 24.556 39,14%
Produced Silver (oz) 21.848 16.203 34,84%
Sold Gold (oz) 33.248 24.241 37,16%
Sold Silver (oz) 21.848 16.203 34,84%
Days 92 92 0,00%
Average processed ore (t / d) 21.902 16.235 34,91%
Average mined, total (t / d) 82.519 77.876 5,96%
Achieved gold price 1.256 1.675
* using a gold-silver ratio of 55: 1.
The complete press release including all tables can be found under the following link: www.irwpress.com/dokumente/2013-4th-quarter_production_results_FINAL_en.pdf
The company increased its production compared to the third quarter 2013 by 5.129 ounces of gold equivalent. The average breaker throughput increased by 2.166 tpd in the third quarter. A similar increase in crusher throughput is expected in the coming quarter.
Fiscal year that ended on 31.December 2013:
Category 01-12 2013 01-12 2012% Change
Processed Ore (Dry Tons) 7.466.771 5.516.626 35,35%
Average processed salary (g / t Au) 0,822 0,846 -2,84%
Stored low content (t) 1.651.675 2.966.133 -44,32%
Average salary (g / t Au) 0,254 0,253 0,40%
Processed End Material (t) 23.360.383 17.727.968 31,77%
Total Degraded (t) 32.102.686 26.052.461 23,22%
Bearing ratio 2,67 2,13 25,35%
Produced Gold (oz) 119.655 94.444 26,69%
Produced Silver (oz) 68.512 56.252 21,79%
Sold Gold (oz) 118.550 94.128 25,95%
Sold Silver (oz) 68.512 56.252 21,79%
Days 365 365 0,00%
Average processed ore (t / d) 20.455 15.114 35,34%
Average mined, total (t / d) 87.953 71.377 23,22%
Achieved gold price 1.358 1.582
The complete press release including all tables can be found under the following link: www.irwpress.com/dokumente/2013-4th-quarter_production_results_FINAL_en.pdf
"2013 was another record year for Timmins Gold. We produced 120.900 ounces of gold equivalent, outperforming our forecast of 118.000 ounces. Our strong performance in the fourth quarter was achieved thanks to a smooth transition to new leaching plates and higher crusher throughput. The next year's expansion, including the construction of new leach plates, is now complete. Our production forecast for 2014 is 115.000 to 125.000 ounces at a cost of about $ 800 per ounce. The company is in a favorable position to achieve outstanding margins and free cash flow given current gold prices. "
Contact:
Timmins Gold Corp.
Bruce Bragagnolo
CEO and Director
+1-604-638-8980
ppgad@pucrs.br
www.timminsgold.com
The TSX and its regulators (designated in the Articles of Incorporation of the TSX Regulation Services Provider) and the New York Stock Exchange (NYSE MKT) accept no responsibility for the adequacy or accuracy of this release.
Cautionary statement regarding forward-looking statements
Certain statements contained herein may constitute forward-looking statements under the Safe Harbor provisions of the 1995 United States Private Securities Litigation Reform Act and Canadian securities laws. Forward-looking statements are statements that relate to future events. Such statements include estimates, forecasts, and statements regarding management's expectations regarding economic and financial projections, financial and growth estimates, and future trends, plans, strategies, goals and expectations, including production, exploration drilling, reserves and resources, mining operations and events, or future operations. Information that represents conclusions of interpretation of drill results or information regarding mineral resource estimates must also be considered forward-looking statements, as they are part of forecasts that are only valid when a project is actually developed.
In some cases, such forward-looking statements may be expressed in terms such as "could," "should," "anticipates," "plans," "intends," "believes," "estimates," "forecasts," "potential," or "future." "Or recognize their negations or similar terms. These statements are only predictions and are subject to known and unknown risks, uncertainties and other factors that may cause our actual results or the results of our industry, and the related activities, performance or achievements to be materially different from future results, activities, achievements or deviate from those stated directly or indirectly in these forward-looking statements.
These forward-looking statements and any assumptions on which they are based are given in good faith and are based on our current view of the performance of our business. However, actual results will almost always, if not significantly, differ from estimates, expectations, projections, assumptions, or other anticipated future results. Timmins Gold does not intend to update any forward-looking statements to reflect actual results except as required by applicable laws.
No liability is assumed for the accuracy of the translation! Please note english original message!
Source: IRW-Press.com.
