Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Alio Gold Inc.    ALO   CA01627X1087


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Timmins Gold Surpasses Guidance With Record Production of 120,900 AuEq ozs in 2013 and 34,563 ozs for the Fourth Quarter of 2013

share with twitter share with LinkedIn share with facebook
01/13/2014 | 07:01am EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 13, 2014) - Timmins Gold Corp. (TSX:TMM)(NYSE MKT:TGD) is pleased to report preliminary production results for the Company's fourth quarter ended December 31, 2013. The Company achieved record production of 34,563 gold equivalent ounces* for the quarter and 120,900 gold equivalent ounces for the year which represent increases of 39% and 27% over the prior comparative periods.

Three Months Ended December 31, 2013:

Category Oct-Dec 2013 Oct-Dec 2012 % Change
Ore Processed (Dry t) 2,014,968 1,493,623 34.90%
Average Grade Processed (g/t Au) 0.872 0.819 6.47%
Low Grade Stockpiled (t) 349,338 526,800 -33.69%
Average Grade Stockpiled (g/t Au) 0.253 0.265 -4.53%
Waste Mined (t) 5,307,526 5,295,383 0.23%
Total Mined (t) 7,591,767 7,162,895 5.99%
Strip Ratio 2.32 2.84 -18.31%
Gold Produced (oz) 34,166 24,556 39.14%
Silver Produced (oz) 21,848 16,203 34.84%
Gold Sold (oz) 33,248 24,241 37.16%
Silver Sold (oz) 21,848 16,203 34.84%
Days 92 92 0.00%
Average Ore Processed (t/d) 21,902 16,235 34.91%
Average Total Mined (t/d) 82,519 77,876 5.96%
Realized Gold Price 1,256 1,675

* using a gold to silver ratio of 55 to 1.

The Company increased production over Q3 of 2013 by 5,129 gold equivalent ounces. Average crusher throughput increased by 2,166 tpd over Q3. A similar increase in crusher throughput is expected in the next quarter.

Year Ended December 31, 2013:

Category Jan-Dec 2013 Jan-Dec 2012 % Change
Ore Processed (Dry t) 7,466,771 5,516,626 35.35%
Average Grade Processed (g/t Au) 0.822 0.846 -2.84%
Low Grade Stockpiled (t) 1,651,675 2,966,133 -44.32%
Average Grade Stockpiled (g/t Au) 0.254 0.253 0.40%
Waste Mined (t) 23,360,383 17,727,968 31.77%
Total Mined (t) 32,102,686 26,052,461 23.22%
Strip Ratio 2.67 2.13 25.35%
Gold Produced (oz) 119,655 94,444 26.69%
Silver Produced (oz) 68,512 56,252 21.79%
Gold Sold (oz) 118,550 94,128 25.95%
Silver Sold (oz) 68,512 56,252 21.79%
Days 365 365 0.00%
Average Ore Processed (t/d) 20,455 15,114 35.34%
Average Total Mined (t/d) 87,953 71,377 23.22%
Realized Gold Price 1,358 1,582

"2013 was another record year for Timmins Gold with production of 120,900 gold equivalent ounces surpassing our guidance of 118,000 ounces. Our strong performance in the fourth quarter was realized through a smooth transition to new leach pads and increased crusher throughput. Expansion construction is now complete for the next year including construction of new leach pads. Our production guidance for 2014 is between 115,000 and 125,000 ounces with cash costs of approximately $800 per ounce. The Company is well positioned to continue to generate good margins and free cash flow at current gold prices."

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) nor the New York Stock Exchange MKT accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained herein may constitute forward-looking statements and are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. Forward-looking statements are statements which relate to future events. Such statements include estimates, forecasts and statements as to management's expectations with respect to, among other things, business and financial prospects, financial multiples and accretion estimates, future trends, plans, strategies, objectives and expectations, including with respect to production, exploration drilling, reserves and resources, exploitation activities and events or future operations. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when, and if, a project is actually developed.

In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans, "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law, Timmins Gold does not intend to update any forward-looking statements to conform these statements to actual results.

© Marketwired 2014

share with twitter share with LinkedIn share with facebook
All news about ALIO GOLD INC.
07/01ALIO GOLD : Argonaut Gold and Alio Gold Complete Merger to Create North American..
06/22Argonaut Gold and Alio Gold Receive Mexican Anti-trust Approval
05/21ARGONAUT GOLD : Shareholders and Alio Gold Security holders Approve Merger to Cr..
05/14ARGONAUT GOLD : and Alio Gold Merger, Reminder to Vote
05/08ALIO GOLD : 1Q Earnings Snapshot
05/07ALIO GOLD : Reports Strong First Quarter 2020 Results
05/06ALIO GOLD : Completes Sale of San Francisco Mine
05/06MAGNA GOLD : Announces acquisition of the san francisco mine and private placeme..
03/30ALIO GOLD : Argonaut Gold and Alio Gold Announce Friendly At-Market Merger
03/19ALIO GOLD : 4Q Earnings Snapshot
More news
Financials (USD)
Sales 2019 112 M - -
Net income 2019 -136 M - -
Net Debt 2019 42,5 M - -
P/E ratio 2019 -0,63x
Yield 2019 -
Capitalization 124 M 124 M -
EV / Sales 2018 0,56x
EV / Sales 2019 0,98x
Nbr of Employees 795
Free-Float -
Duration : Period :
Alio Gold Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Mark D. Backens President, Chief Executive Officer & Director
Paula Rogers Chairman
George Leslie Brack Independent Director
Stephen A. Lang Independent Director
John G. Mansanti Independent Director