TORONTO (miningweekly.com) – Vancouver-based Timmins Gold has made the first gold pour at its San Francisco gold mine in Sonora, Mexico.
Gold plant superintendent Medardo Miramontes and assistant mine manager Lucio Romero, under the supervision of mine manager Alfredo Barrazam, poured a 46-kg dore bar.
The bar contained 1 152,70 oz of gold and 288,28 oz of silver.
The San Francisco mine is a pastproducing openpit heap-leach operation, from which Timmins Gold expects to produce more than 80 000 oz/y of gold at an average cash cost of approximately $412/oz.
Shares in the company rose 3,15% on Thursday, to C$1,31 apiece by 14:39 in Toronto.