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Timmins gets process plant boon at Ana Paula

Vancouver-based Timmins Gold has managed to get hold of a cut-price processing plant for its Ana Paula gold-silver project on Mexico’s Guerrero Gold Belt, which could see the project’s upfront capital fall by up to 37%.

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The acquisition of the El Sauzal plant could cut initial capital expenditure at Ana Paula by US$60 million

Four months after completing the C$140 million (US$113 million) purchase of Newstrike Capital and its Ana Paula project, Timmins has agreed to pay Goldcorp C$8 million in cash and shares to acquire

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