Timmins Gold Updates Ana Paula PEA, Incorporating El Sauzal Plant Acquisition


VANCOUVER , BC–(Marketwired – March 23, 2016) – Timmins Gold Corp. (TSX: TMM) (NYSE MKT: TGD) (“Timmins” or the “Company”) is pleased to report the results of the recently completed National Instrument 43-101 Preliminary Economic Assessment (“PEA”) for the Ana Paula Project in Guerrero, Mexico (“Ana Paula”), prepared by JDS Energy & Mining Inc. This PEA, which replaces the original October 2014 version, was prepared to incorporate Timmins’ recent acquisition of the El Sauzal process plant and infrastructure (“facilities”) into the capital estimates. Additional updates were made to the operating costs to reflect changes in gold price, MXP/USD foreign exchange, and update major consumables prices.

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