Timmins Gold Hikes Toward Year High on Drilling Update; Up 2%


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Timmins Gold Corp. ( TGD ) is up 0.9% near the stock's 52-week high after the company issued an update on its ongoing drill program in the State of Sonora, Mexico.

TGD said it continues to extend and expand the mineralization at the San Francisco Gold Mine, which is comprised of two pits: the larger San Francisco pit (SF Pit) and the La Chicharra Pit located approximately 1.5 km to the west. The company reports that a total of 35,455 meters in 148 holes were drilled from July to the end of September, 2012. TGD currently has four reverse circulation rigs and one core drill rig working on site.

TGD is trading at $3.34 in a 52-week range of $1.45 - $3.47. Shares have increased 63% in the last 12 months.

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