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El Sauzal News

  • Timmins Gold Closes Acquisition of Process Plant and Infrastructure for Ana Paula Project 2015-11-03

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 2, 2015) - Timmins Gold Corp. (TSX:TMM)(NYSE MKT:TGD) ("Timmins Gold" or the "Company") is pleased to announce that it has closed the acquisition from a Mexican subsidiary of Goldcorp Inc. ("Goldcorp") of the complete process plant and select auxiliary equipment ("Plant") used in the operation of Goldcorp's El Sauzal Mine in Chihuahua, Mexico ("the Plant Acquisition"). The El Sauzal Mine was operational until December 2014 when it began its closure. The Plant has been be acquired by Timmins Gold for future use at its recently acquired Ana Paula project in Guerrero, Mexico.

El Sauzal Information

  • General 2015-05-10
    El Sauzal is a conventional mill operation and open pit mine. The nominal capacity is 5,500 tonnes per day at the mill. With solid production and low costs it generates high margins.

Related News

  • Metals Creek Resources Corp. Mobilizes Diamond Drill Rig to the Ogden Gold Project Timmins, Ontario 2016-09-20

    TORONTO, ONTARIO--(Marketwired - Sept. 20, 2016) - Metals Creek Resources Corp. (TSX VENTURE:MEK) (the "Company") is pleased to report that the Company has mobilized a diamond drill rig to the Ogden Gold Project in Timmins Ontario and drilling is expected to start within 2 days.

  • Goldcorp puts Los Filos mine in Mexico on block, eyes other sales 2016-07-29
    Goldcorp Inc has put its Los Filos gold and silver mine in Mexico on the block and is also looking at selling two other non-core mines, chief executive David Garofalo said on Thursday. Vancouver-based Goldcorp has started a formal sales process for the Los Filos mine, Garofalo said in an interview, and it is looking at options for its Alumbrera mine in Argentina and its Marlin operation in Guatemala, both of which are getting close to being mined out.
  • Goldcorp Inc. Completes Acquisition of Kaminak Gold Corporation 2016-07-20

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 19, 2016) - Kaminak Gold Corporation ("Kaminak" or the "Company") (TSX VENTURE:KAM) is pleased to announce that Goldcorp Inc. (TSX:G)(NYSE:GG) ("Goldcorp") has completed its previously announced acquisition of all of the issued and outstanding common shares of Kaminak ("Kaminak Shares") by way of plan of arrangement (the "Arrangement").

  • Tahoe Resources Acquires 2% NSR Royalty at Bell Creek, Signs Letter of Intent to Obtain 100% Interest in Whitney Joint Venture 2016-07-05

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 5, 2016) - Tahoe Resources Inc. ("Tahoe" or the "Company") (TSX:THO)(NYSE:TAHO) today announced that the Company has acquired from Goldcorp Inc. (TSX:G)(NYSE:GG) ("Goldcorp") for $12.5 million in cash Goldcorp's 2% net smelter return ("NSR") royalty related to production at Tahoe's 100%-owned Bell Creek Mine. The parties have also signed a letter of intent to increase Tahoe's ownership interest in the Whitney Joint Venture ("Whitney JV") to 100%, with Goldcorp's current interest of approximately 30% being reduced to a 2% NSR royalty. Under the terms of the letter of intent, Tahoe will assume all closure liabilities with respect to the Whitney JV properties, including historic liabilities not previously assumed by the Whitney JV. These historic liabilities are currently estimated by Tahoe to total approximately $12.0 million, an amount that Tahoe believes could be reduced through the development and operation of an open-pit mine. The Whitney JV transaction is subject to execution of a definitive agreement and to the approval of Tahoe's Board of Directors. (All amounts are in US dollars.)

  • Metals Creek Resources Corp. Continues to Intersect Gold Mineralization West of Thomas Ogden Zone 2016-06-23

    TORONTO, ONTARIO--(Marketwired - June 23, 2016) - Metals Creek Resources Corp. (TSX VENTURE:MEK) (the "Company") is pleased to announce that drilling continues to intersect gold mineralization west of the Thomas Ogden Zone (TOG) on the Ogden Gold Project, Timmins, Ontario. The Property is held under a joint venture in which Metals Creek owns 50%, and Goldcorp Canada Ltd. ("Goldcorp") owns 50% (as manager and on behalf of the Porcupine Joint Venture, a joint venture between Goldcorp Inc. and Goldcorp Canada Ltd.) with MEK being the operator of the project. The Ogden claims cover eight kilometers of strike length of the Porcupine-Destor Fault between Goldcorp's 16.5 million oz. Dome Mine and Tahoe Resources West Timmins Mine. The vast majority of the Porcupine-Destor Fault on the property is underexplored, compared to other properties in the Timmins Gold camp.

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