Timmins Gold Surpasses Guidance with Record Production

Timmins Gold (TSX:TMM) said Monday that the company achieved record production of 34,563 gold-equivalent ounces for the quarter and 120,900 gold-equivalent ounces for the year which represent increases of 39% and 27% over the prior comparative periods.

As quoted in the press release:

“2013 was another record year for Timmins Gold with production of 120,900 gold equivalent ounces surpassing our guidance of 118,000 ounces. Our strong performance in the fourth quarter was realized through a smooth transition to new leach pads and increased crusher throughput. Expansion construction is now complete for the next year including construction of new leach pads. Our production guidance for 2014 is between 115,000 and 125,000 ounces with cash costs of approximately $800 per ounce. The Company is well positioned to continue to generate good margins and free cash flow at current gold prices.”

Read the full press release by Timmins Gold (TSX:TMM)