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Rio Alto Mining Ltd. (TSX:RIO,OTCQX:RIOAF) announced that during the second quarter of this year its La Arena gold mine produced 58,081 ounces of gold.
Rio Alto Mining Ltd. (TSX:RIO,OTCQX:RIOAF) announced that during the second quarter of this year its La Arena gold mine produced 58,081 ounces of gold.
As quoted in the press release:
Sales in the second quarter of 43,234 ounces of gold at an average realized price per ounce of $1,586 generated cash sales proceeds of $68.6 million.
Since ore was first mined at the La Arena Gold Mine the gold grade has been significantly higher than planned. This is principally due to mining narrow high grade, vertical or near vertical veins within the larger disseminated ore body.
Click here to read the full Rio Alto Mining Ltd. (TSX:RIO,OTCQX:RIOAF) press release.