11:02 AM EDT, 08/10/2017 (MT Newswires) -- Alio Gold Inc. (ALO.TO) has released its second quarter 2017 results to follow up its production results previously released on July 6, 2017.

Metal revenues decreased by 18.1% to $27.1 million compared to $33.1 million during Q2 2016, as a result of fewer ounces sold, partially offset by an increase in the average realized gold price.

Earnings from operations decreased 10.3% to $7.8 million compared to $8.7 million during Q2 2016. This decrease was due to lower earnings from mine operations of $10.2 million compared to $10.8 million during Q2 2016.

Gold production of 22,011 ounces at an all-in sustaining cost of $954 per ounce, in line with guidance.

Maintained 2017 guidance of 86,000 to 92,000 ounces of gold at AISC less than $1,000 per ounce with 20,000 to 22,000 ounces of production expected in Q3 2017.

Operational highlights included: initiated revitalization plan for the San Francisco Mine following updated NI 43-101 technical report filed in May 2017. Commenced the Definitive Feasibility Study for the Ana Paula project after the positive Pre-Feasibility Study released.

Alio Gold's shares were recently up 6% at $5.32 apiece.

Price: 5.32, Change: +0.30, Percent Change: +6