Timmins Gold(TSX: TMM; NYSE-Arca: TGD) is striving for operational stability at its San Francisco open-pit gold mine in Sonora state, Mexico. The company announced cost-saving measures in April 2012 and has shown consistent operational improvements, with San Francisco recording a 19% year-on-year jump in production during the second quarter. Just over a year ago Timmins aimed to control operating costs during San Francisco's ramp-up, which should see the mine running at 24,000 tonnes per day by October. The company renegotiated its mining contracts and locked down a four-year cyanide-supply arrangement at US$3.50 per kg. Timmins was aiming for a US$50 per oz. drop in average cash costs.
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