Alio Gold Reports Third Quarter 2019 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
Company Research
Source: GlobeNewswire
VANCOUVER, British Columbia, Nov. 06, 2019 (GLOBE NEWSWIRE) -- Alio Gold Inc. (TSX, NYSE AMERICAN: ALO) (“Alio Gold” or the “Company”) today reported its third quarter 2019 results. Third Quarter 2019 Summary Gold production1 of 17,787 ounces at cash costs1,2 of $1,239/oz.Loss of $127.1 million, or $1.50 per share, inclusive of $119.2 million in impairments to mineral properties and other assets.Cash used in operating activities was $1.6 million.Cash and cash equivalents of $13.2 million, net working capital3 of $45.3 million as of September 30, 2019. “In the third quarter, the Company was challenged by the continued low overall equipment availability of the aged mine fleet at the Florida Canyon Mine. We announced in early October the acquisition of a new loading and haulage fleet for Florida Canyon. This new equipment, a significant portion of which is already in operation, will have an immediate, meaningful positive impact on operations. Mine fleet availabilities in the third
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