ENP Newswire -
Release date- 15082014 -
Cash provided by operations for the quarter amounted to
Highlights for the quarter included:
Gold produced was 54,517 ounces, of which 50,830 ounces were sold at an average realized price of
WGC Adjusted production cost per ounce was
WGC All-in sustaining costs per ounce were
WGC All-in costs per ounce were
Net income amounted to
Cash provided by operations was
Capital investments amounted to
'Another strong operational and financial performance was achieved at
Subsequent to the end of Q2, Rio Alto has closed its acquisition of
At this stage, it is anticipated that the first gold pour will be achieved at Shahuindo by the end of 2015/early 2016. The Company also anticipates completing the current oxide drilling program at
Forward Looking Statements
Certain statements contained herein constitute forward-looking statements, most particularly the timing of the started gold project at Shahuindo, the timing of results for the re-engineering studies currently planned for that property, the timing for the first gold pour at Shahuindo, the timing for completion for the current oxide drilling program at
All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. Rio Alto believes the expectations reflected in these forward looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements in this press release should not be unduly relied upon.
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.
Forward-looking statements included in this press release are made as of the date of this press release and Rio Alto disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
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