Alio Gold Reports Q1 Production at 17,624 Ounces at Mexico Mine; Maintains Full-Year Gold Output Forecast

Gold Production in Mexico

Targeting 2013 annual production of 118,000 ounces of gold

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Alio Gold Reports Q1 Production at 17,624 Ounces at Mexico Mine; Maintains Full-Year Gold Output Forecast

posted on Apr 11, 2018 08:17AM

2018-04-11 07:57:09 AM ET (MT Newswires)

07:57 AM EDT, 04/11/2018 (MT Newswires) -- Alio Gold (ALO) said on Wednesday that it produced 17,624 ounces of gold in Q1 at the San Francisco Mine in Mexico and it maintained 2018 production estimate of between 90,000 and 100,000 ounces.

Alio sold 17,449 ounces of gold in Q1 at an average selling price of $1,332/ounce resulting in $23.3 million in metal revenue.

The merger with Rye Patch Gold is on track to close May 25, the company said.

Allo Gold will report full Q1 results on May 9.

Price: 2.04, Change: -0.02, Percent Change: -0.97

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