Alio Gold Reports Fourth Quarter and Full-Year 2018 Results
ALIO GOLD CORP (ALO)
Last alio gold corp earnings: 8/10 07:00 am
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US:NYSE Investor Relations:
aliogold.com/investors
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Source: GlobeNewswire
VANCOUVER, British Columbia, March 13, 2019 (GLOBE NEWSWIRE) -- Alio Gold Inc. (TSX, NYSE AMERICAN: ALO) (“Alio Gold” or the “Company”) today reported its fourth quarter and year end 2018 results. Production results were previously released on January 15, 2019. 2018 Highlights and Outlook Gold production1 of 83,634 ounces at all-in sustaining cost1,2 (“AISC”) of $1,338/oz.Net loss of $14.0 million, or $(0.21) per share.Cash used in operating activities was $18.4 million.Cash and investments of $22.0 million, working capital2 of $62.7 million as of December 31, 2018.Completed the business combination with Rye Patch Gold.Completed the sale to Coeur Rochester, Inc., a wholly-owned subsidiary of Coeur Mining, Inc., (“Coeur”) of some of the Company’s non-core assets and received 4,268,703 common shares that were subsequently sold for $17.8 million.Reduced outstanding Macquarie debt to nil. Recent Developments Subsequent to Quarter End Completed an updated Life of Mine Plan for the
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