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- 40FR12B Initial registration of securities (Canada)
- 99.1 Exhibit 99.1
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Exhibit 99.1
FORM 51-102F3
MATERIAL CHANGE REPORT
1. | Name and Address of Company |
Timmins Gold Corp. | |
Suite 520 – 609 Granville Street | |
Vancouver, BC, V7Y 1G5 | |
2. | Date of Material Change |
April 8, 2010. | |
3. | Press Release |
The Press Release dated April 8, 2010 was disseminated via Marketwire. | |
4. | Summary of Material Change |
The Company announced that commercial gold production had commenced at its wholly owned San Francisco open pit gold mine located in northern Sonora, Mexico. | |
5. | Full Description of Material Change |
See Schedule A attached. | |
6. | Reliance on Subsection 7.1(2) or (3) of National Instrument 51-102 |
Not Applicable. | |
7. | Omitted Information |
Not Applicable. | |
8. | Executive Officer |
Bruce Bragagnolo, Chief Executive Officer (604) 638-8980 | |
9. | Date of Report |
April 9, 2010. |
SCHEDULE A
TIMMINS GOLD CORP.
Suite 520 – 609 Granville Street
Vancouver, BC, V7Y 1G5
Tel.: (604) 682-4002
Fax: (604) 682-4003
April 8, 2010 | TSX-V: TMM |
NEWS RELEASE
Commercial Gold Production Commences at the San Francisco Mine
Timmins Gold Corp. (“Timmins Gold”) is pleased to announce that commercial gold production commenced as of the start of April, 2010 at its wholly owned San Francisco open pit gold mine located in northern Sonora, Mexico. Mining rates and process plant throughout have steadily built up during the commissioning phase and are now exceeding budget and plan by almost 10%. Management is confident that the operation will achieve the previously announced annual gold production rate for 2010 of 80,000 ounces of gold. The life of mine cash cost is projected at approximately $412 per ounce.
This is another significant milestone for Timmins Gold and management congratulates all operations staff in achieving this important goal.