Timmins Gold completed the acquisition of Newstrike Capital for $113m.

Timmins Gold, a Mexican-focused intermediate gold company, completed the acquisition of Newstrike Capital, a gold-silver-focused explorer, targeting known and historic mining districts in Mexico, for $113m. "The acquisition positions Timmins Gold as an emerging intermediate gold company supported by current production and a very attractive pipeline of advanced stage growth projects with manageable capital requirements. The assets now owned by Timmins Gold are highly complementary and we are excited about the many opportunities ahead for us to continue delivering value to shareholders," Bruce Bragagnolo, Timmins Gold CEO.