Key Developments: Timmins Gold Corp (TMM.TO)

TMM.TO on Toronto Stock Exchange

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28 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Timmins Gold Corp Completes Acquisition of Newstrike Capital
Tuesday, 26 May 2015 06:00am EDT 

Timmins Gold Corp:Says completion of the previously announced plan of arrangement pursuant to which Timmins Gold has acquired ownership of all of the issued and outstanding common shares of Newstrike, being 116,786,781 shares.Says Newstrike is now a wholly-owned subsidiary of Timmins Gold.  Full Article

Timmins Gold Corp gives FY 2015 production guidance
Monday, 26 Jan 2015 09:07am EST 

Timmins Gold Corp:Says that its production guidance for FY 2015 is between 115,000 and 125,000 gold equivalent ounces with cash costs of about $800-850 per ounce.  Full Article

Timmins Gold completes acquisition of Caballo Blanco Gold Project
Wednesday, 24 Dec 2014 06:00am EST 

Timmins Gold Corp:Announce that pursuant to the terms of an Asset Purchase Agreement previously announced, with Goldgroup Mining Inc. Timmins Gold has completed purchase of 100 pct of the Caballo Blanco Gold Project, a gold development project in Veracruz State, Mexico.Caballo Blanco is now a wholly owned asset of Timmins Gold Corp's Mexican subsidiary.Under the terms of the Agreement, Timmins Gold has acquired Caballo Blanco for consideration of $10 million in cash plus the issuance of 16,065,000 Timmins Gold shares.These shares are subject to 4 month hold period expiring April 24, 2015.Timmins Gold has also agreed to pay to Goldgroup a contingent payment of an additional $5 million when Caballo Blanco receives approval for its Environmental Impact Statement or Timmins Gold undergoes a change of control.The additional payment, if made, can be paid at Timmins Gold's option in cash or Timmins Gold shares.  Full Article

Timmins Gold Corp to purchase Caballo Blanco Gold Project
Thursday, 18 Dec 2014 06:00am EST 

Timmins Gold Corp:Says it has entered into an asset purchase agreement with Goldgroup Mining Inc to purchase 100 pct of the Caballo Blanco Gold Project, a gold development project in Veracruz State, Mexico for total consideration of $10 mln in cash and 16,065,000 Timmins Gold shares.Says it has also agreed to pay to Goldgroup a contingent payment of an additional $5 mln when Caballo Blanco receives its permit or Timmins Gold undergoes a change of control.Says additional payment, if made, can be paid at Timmins Gold's option in cash or Timmins Gold shares.Says all shares issued in connection with the transaction will be subject to a hold period expiring four months and a day after issuance.Says Caballo Blanco Project is subject to a 2 pct NSR in favour of a third party.Says it expects the transaction to close in Dec. 2014.  Full Article

Timmins Gold Corp reaffirms FY 2014 production guidance
Friday, 17 Oct 2014 06:00am EDT 

Timmins Gold Corp:Maintains FY 2014 production guidance and expects to reach the higher range of production guidance of 115,000 to 125,000 ounces of gold equivalent.  Full Article

Timmins Gold Corp reaffirms FY 2014 gold production guidance
Tuesday, 8 Apr 2014 07:00pm EDT 

Timmins Gold Corp:Says it has projected production of 115,000 to 125,000 ounces of gold in FY 2014.  Full Article

Timmins Gold Corp closes C$28,380,000 bought-deal offering of common shares
Tuesday, 11 Feb 2014 08:25am EST 

Timmins Gold Corp:Closes of its previously announced bought-deal offering of 18,920,000 common shares of the company.Says inclusive of 2,250,000 Shares issued pursuant to the partial exercise of the underwriters over-allotment option, at a price of C$1.50 per share.Says aggregate gross proceeds of C$28,380,000.Says shares were issued in a public offering in certain provinces of Canada pursuant to a short form prospectus dated Feb. 4 filed with certain Canadian securities regulators.Says underwritten by a syndicate of underwriters led by RBC Dominion Securities Inc. and including BMO Nesbitt Burns Inc., TD Securities Inc., GMP Securities L.P., National Bank Financial Inc., Scotia Capital Inc. and PI Financial Corp.  Full Article

Timmins Gold Corp announces bought deal offering of common shares
Wednesday, 22 Jan 2014 07:36am EST 

Timmins Gold Corp:Says it has entered into an agreement with RBC Capital Markets and a syndicate of underwriters, pursuant to which they have agreed to purchase, on a bought deal basis, 16,670,000 common shares of Timmins Gold at a price of C$1.50 per share.Says aggregate gross proceeds of about C$25.0 mln.Says it has granted underwriters an option to purchase up to an additional 2,500,500 common shares on the same terms and conditions as the offering, exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the offering.Says in the event that the option is exercised in its entirety, the aggregate gross proceeds of the offering to Timmins Gold will be about C$28.8 mln.Says net proceeds of the offering will be used for general corporate purposes, including repayment of debt and working capital needs.Says offering is scheduled to close on or about Feb. 11.  Full Article

Timmins Gold Corp gives FY 2014 production guidance
Monday, 13 Jan 2014 06:00am EST 

Timmins Gold Corp:Sees FY 2014 production guidance of between 115,000 and 125,000 ounces.  Full Article

Timmins Gold Corp announces extension of credit facility with sprott resource lending partnership
Monday, 16 Dec 2013 06:00am EST 

Timmins Gold Corp:Has agreed with Sprott Resource Lending Partnership (lender) to an extension to the term of its existing C$18 million credit facility.The new credit agreement will have a term of 12 months from Jan 1, 2014.Interest will be payable at the rate of 9 pct per annum.Payment of the principal amount outstanding will be made at the end of the term.In consideration of the extension, a bonus payment of 300,000 common shares of Timmins Gold will be issued to the Lender at a deemed price of C$1.20 per share.The shares will be subject to a four month hold period.  Full Article

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