Timmins Gold to Sell Caballo Blanco Gold Project


VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 11, 2016) – Timmins Gold Corp. (TSX:TMM)(NYSE MKT:TGD) (“Timmins” or the “Company”) is pleased to announce it has entered into a definitive agreement with Candelaria Mining Corp. (“Candelaria”) to sell 100% of its interest in the Caballo Blanco Gold Project (“Caballo Blanco”) in Veracruz, Mexico for cash consideration of US$12.5 million and the assumption of the US$5.0 million contingent payment.

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