Alio Gold Files Technical Report and Provides San Francisco Update [Canadian Business Journal (Canada)]
ALIO GOLD CORP (ALO)
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Source: Canadian Business Journal
Alio Gold Files Technical Report and Provides San Francisco Update, The Canadian Business Journal makers VANCOUVER, British Columbia, Feb. 12, 2019 (GLOBE NEWSWIRE) — Alio Gold Inc. (TSX, NYSE AMERICAN: ALO) At San Francisco, the previously announced processing of low-grade stockpile material through the crushing circuit is working well. In January, approximately 528,770 tonnes of stockpile grading 0.306 g/t gold were stacked on the leach pads. Gold production for the month of January was consistent with Q4 production at approximately 3,890 ounces As part of the engineered plan and consistent with the Company’s need to minimize costs at San Francisco, negotiations with the mining contractor, Peal Mexico SA de CV (“Peal”), continued in January with the objective of obtaining a cost structure that was more in-line with benchmark mining costs for the region. Peal has notified the Company that it is seeking to terminate the contract and seeking compensation for amounts owing under th
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