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Rio Alto Updates 2012 Gold Guidance: Reports Strong Q2 Results
Aug. 07, 2012 01:40PM PST
Gold InvestingRio Alto Mining Limited (TSX:RIO) updated the company’s 2012 gold production guidance from 150,000-160,000 ounces to 190,000-210,000 ounces, as well as earned $0.37 per share for the first 6 months of 2012.
Rio Alto Mining Limited (TSX:RIO) updated the company’s 2012 gold production guidance from 150,000-160,000 ounces to 190,000-210,000 ounces, as well as earned $0.37 per share for the first 6 months of 2012.
As quoted in the press release:
Of the 58,081 ounces produced during the second quarter Rio Alto delivered 14,847 ounces to settle delivery obligations under its gold prepayment facility until September 2013 and in July 2012 settled the September 2013 delivery requirement. This leaves the Company free to sell all of its production until October 2013 for cash.
Click here to read the full press release.
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