Alio Gold: The Financing Makes Sense Now [Seeking Alpha]
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: Seeking Alpha
Alio Gold: The Financing Makes Sense NowSummary$16 million will be invested into development of a decline and a subsequent underground exploration program.The decline may be later used for an underground mining operation to utilize the full capacity of the mill.A 1,000 tpd underground operation may add approximately 25% to Ana Paula's gold production volumes.An exploration program focused on an exploration target only 100 meters off the Ana Paula deposit is planned for the coming quarters.
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