Highlights for the quarter included:
-- Gold produced was 53,463 ounces, of which 47,932 ounces were sold at an average realized price of
$1,283per ounce. The remaining ounces were delivered to Red Kiteunder the Company's Gold Prepayment Agreement ("Prepayment"). -- WGC Adjusted operating cost per ounce was $651. -- WCG All-in sustaining costs per ounce were $773. -- WGC All-in costs per ounce were $914. -- Net income amounted to $11.9 million( $0.07per share). -- Cash provided by operations was $18.4 million. -- Capitalinvestments amounted to $11.8 millionand exploration spending was $579,000.
"This is a solid start to the year driven by the management team and everyone working at our
This release should be read in conjunction with Rio Alto's Q1 2014 financial statements and related Management's Discussion and Analysis which may be found at the Company's website, on the SEDAR website and on the EDGAR website.
This news release contains certain forward-looking information including a statement concerning future production. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Rio Alto's disclosure documents on the SEDAR website at www.sedar.com. Rio Alto does not undertake to update any forward-looking information except in accordance with applicable laws.
To learn more about
ON BEHALF OF THE BOARD OF RIO ALTO MINING LIMITED
FOR FURTHER INFORMATION PLEASE CONTACT:
Rio Alto Mining Limited Alex BlackPresident & CEO +511 625 9900 866.393.4493 (FAX) firstname.lastname@example.org Rio Alto Mining Limited Alejandra GomezInvestor Relations 604.628.1401 866.393.4493 (FAX) email@example.com Source: Rio Alto Mining Limited