carpe_diem : TOP Q1-Zahlen!
April 16, 2012 18:55 ET
Rio Alto Produces 56,000 Ounces of Gold in Q1 2012
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 16, 2012) - Rio Alto Mining Limited ("Rio Alto") (TSX:RIO)(OTCQX:RIOAF)(LMA:RIO)(DBFrankfurt:MS2) is pleased to announce that its La Arena Gold Mine poured 55,973 ounces of gold during the three months ended March 31, 2012. Sales of 55,327 ounces at an average realized price per ounce of $1,664 generated cash proceeds of $91.4 million. The mine site cash cost per ounce of gold produced(1) was $439. Total cash cost per ounce including corporate overhead and estimates for mining tax, government royalty and workers' profit participation was $651. Cash on-hand at the end of March was $70.8 million, an increase during the quarter of $44.9 million..