Timmins Gold Reports Second Quarter Production Results
Timmins Gold Corp. (TSX:TMM) announced its gold and silver production results for Q2 2011.
Timmins Gold Corp. (TSX:TMM) announced its gold and silver production results for Q2 2011.
Reuters reported that Timmins Gold (TSE:TMM) nearly doubled its quarterly revenue from the same period last year.
Investors will know it best for its production of silver, with over 10 billion ounces mined; however, Mexico is also abundant in quantities of gold, copper, lead and zinc. Mexico’s ever-expanding gold mining industry is well positioned for a strong year in 2010, with output expected to increase by an additional 880,000 ounces to nearly 2.5 million ounces, representing an approximately 50 percent increase over 2009’s projected figures.
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