Alio Gold: Out With The Old, In With The New [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
Summary Introduction and Q2 results Alio gold ( ALO ) presented its second quarter results today. They pleased the market with earnings of 0.10 USD per share. Second quarter production, as previously disclosed by the company, came in at 22.001 ounces of gold at an all-in sustaining cost (AISC) of 951 USD per ounce of gold. Some of the conference call highlights: 'Stripping' as part of the revitalization plan is ahead of schedule and on budget and 10 million USD in Capex will be allocated in 2017, up from 7.8 million USD. Definite Feasibility Study for 'Ana Paula' is underway and expected to complete Q2/2017. Final 25% of 'Ana Paula' Land acquisition is expected to be negotiated and finalized by the end of Q3. The company is pursuing a 90 million USD debt facility as part of the financing for the 'Ana Paula' project. The company, formerly known as Timmins Gold Corp., is completing its transition. In the last year, they changed management, company
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