- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
- 40FR12B Initial registration of securities (Canada)
- 99.1 Annual Information Form for the Financial Year Ended December 31, 2011
- 99.2 Annual Information Form for the Year Ended May 31, 2011
- 99.3 Annual Information Form for the Year Ended May 31, 2010
- 99.4 Annual Financial Statements for the Seven-month Period Ended December 31, 2011
- 99.5 Notice of Change of Year End
- 99.6 Annual Financial Statements for the Year Ended May 31, 2011
- 99.7 Annual Financial Statements for the Year Ended May 31, 2010
- 99.8 Management's and Analysis for the Financial Year Ended December 31, 2011
- 99.9 Management's Discussion and Analysis for the Year Ended May 31, 2011
- 99.10 Management's Discussion and Analysis for the Year Ended May 31, 2010
- 99.11 Financial Statements for the Three and Nine Months Ended September 30, 2012
- 99.12 Md&a for the Three and Nine Month Periods Ended September 30, 2012
- 99.13 Financial Statements for the Three and Six Months Ended June 30, 2012
- 99.14 Md&a for the Three and Six Month Periods Ended June 30, 2012
- 99.15 Interim Consolidated Financial Statements for March 31, 2012
- 99.16 Md&a for the Fiscal Quarter Ended March 31, 2012
- 99.17 Interim Financial Statements for the Three Months Ended August 31, 2011
- 99.18 Md&a for the Fiscal Quarter Ended August 31, 2011
- 99.19 Financial Statements for Three and Nine Months Ended February 28, 2011
- 99.20 Md&a for the Fiscal Quarter Ended February 28, 2011
- 99.21 Financial Statements for the Three and Six Months Ended November 30, 2010
- 99.22 Md&a for the Fiscal Quarter Ended November 30, 2010
- 99.23 Financial Statements for the Three Months Ended August 31, 2010
- 99.24 Md&a for the Fiscal Quarter Ended August 31, 2010
- 99.25 Notice of May 2012 Annual General Meeting
- 99.26 Management Information Circular for May 2012 Annual General Meeting
- 99.27 Proxy Form for May 2012 Annual General Meeting
- 99.28 Notice of September 2011 Annual General Meeting
- 99.29 Management Information Circular for September 2011 Annual General Meeting
- 99.30 Proxy Form for September 2011 Annual General Meeting
- 99.31 Notice of September 2010 Annual General Meeting
- 99.32 Management Information Circular for September 2010 Annual General Meeting
- 99.33 Proxy Form for September 2010 Annual General Meeting
- 99.34 Material Change Report Dated February 24, 2012
- 99.35 Material Change Report Dated January 23, 2012
- 99.36 Material Change Report Dated January 5, 2012
- 99.37 Material Change Report Dated November 18, 2011
- 99.38 Material Change Report Dated October 31, 2011
- 99.39 Material Change Report Dated October 5, 2011
- 99.40 Material Change Report Dated May 16, 2011
- 99.41 Material Change Report Dated May 16, 2011
- 99.42 Material Change Report Dated April 24, 2011
- 99.43 Material Change Report Dated March 14, 2011
- 99.44 Material Change Report Dated February 18, 2011
- 99.45 Material Change Report Dated February 9, 2011
- 99.46 Material Change Report Dated January 26, 2011
- 99.47 Material Change Report Dated December 7, 2010
- 99.48 Material Change Report Dated October 25, 2010
- 99.49 Material Change Report Dated September 24, 2010
- 99.50 Material Change Report Dated August 26, 2010
- 99.51 Material Change Report Dated July 21, 2010
- 99.52 Material Change Report Dated June 3, 2010
- 99.53 Material Change Report Dated June 1, 2010
- 99.54 News Release Dated November 14, 2012
- 99.55 News Release Dated October 18, 2012
- 99.56 News Release Dated September 17, 2012
- 99.57 News Release Dated August 7, 2012
- 99.58 News Release Dated July 6, 2012
- 99.59 News Release Dated May 14, 2012
- 99.60 News Release Dated April 27, 2012
- 99.61 News Release Dated April 16, 2012
- 99.62 News Release Dated March 5, 2012
- 99.63 News Release Dated February 22, 2012
- 99.63 EX-99.63
- 99.64 News Release Dated February 17, 2012
- 99.65 News Release Dated January 23, 2012
- 99.66 News Release Dated January 5, 2012
- 99.67 News Release Dated January 3, 2012
- 99.68 News Release Dated December 1, 2011
- 99.69 News Release Dated November 18, 2011
- 99.70 News Release Dated November 10, 2011
- 99.71 News Release Dated October 21, 2011
- 99.72 News Release Dated October 3, 2011
- 99.73 News Release Dated September 29, 2011
- 99.73 EX-99.73
- 99.74 News Release Dated September 14, 2011
- 99.74 EX-99.74
- 99.75 News Release Dated July 20, 2011
- 99.76 News Release Dated June 15, 2011
- 99.77 News Release Dated May 12, 2011
- 99.77 EX-99.77
- 99.78 News Release Dated May 9, 2011
- 99.79 News Release Dated April 26, 2011
- 99.80 News Release Dated April 19, 2011
- 99.81 News Release Dated March 14, 2011
- 99.82 News Release Dated March 11, 2011
- 99.83 News Release Dated February 18, 2011
- 99.84 News Release Dated February 9, 2011
- 99.85 News Release Dated January 20, 2011
- 99.86 News Release Dated Decmeber 23, 2010
- 99.87 News Release Dated December 20, 2010
- 99.88 News Release Dated December 7, 2010
- 99.89 News Release Dated December 2, 2010
- 99.90 News Release Dated December 1, 2010
- 99.91 News Release Dated November 30, 2010
- 99.92 News Release Dated November 23, 2010
- 99.93 News Release Dated November 5, 2010
- 99.94 News Release Dated October 29, 2010
- 99.95 News Release Dated October 15, 2010
- 99.96 News Release Dated September 21, 2010
- 99.97 News Release Dated September 15, 2010
- 99.98 News Release Dated August 26, 2010
- 99.99 News Release Dated August 9, 2010
- 99.100 News Release Dated July 21, 2010
- 99.101 News Release Dated June 2, 2010
- 99.102 Ni 43-101 Technical Report for the La Arena Project, Peru
- 99.103 Ni 43-101 Technical Report for the La Arena Project, Peru
- 99.104 Business Acquisition Report for La Arena S.a.
- 99.105 Notice of Articles - Business Corporation Act (Alberta)
- 99.106 Articles of the Company
- 99.107 Code of Business Conduct and Ethics
- 99.108 Anti-bribery and Anti-corruption Policy
- 99.109 Gifts and Entertainment (Associates) Policy
- 99.110 Shareholder Rights Plan
- 99.111 Amended and Restated Gold Prepayment Agreement
- 99.112 Amended and Restated Contract for the Sale and Purchase of Gold
- 99.113 Assignment, Assumption and Novation Agreement
- 99.114 Operating Loan Agreement
- 99.115 Authorizing and Amendment Agreement
- 99.116 Consent of Kirk Mining Consultants Pty LTD
- 99.117 Consent of Enrique Garay, M SC P. Geo (Maig)
- 99.118 Consent of Christopher Edward Kaye, Be (Chem), Fausimm
- 99.119 Consent of Ian Dreyer, B App SC (Geology), Mauslmm(cp)
- 99.120 Consent of Linton Kirk, Be (Mining), Fauslmm
- 99.121 Consent of Coffey Mining Pty LTD
- 99.122 Consent of Doug Corley, B App SC (Geology), BSC (Hons), Maig
- 99.123 Consent of Chris Witt, BSC (Met), Mausimm (CP)
- 99.124 Consent of Beau Nicholls, BSC (Geology), Maig
- 99.125 Consent of Grant Thornton LLP
RIO ALTO PRODUCES 56,000 OUNCES OF GOLD IN Q1 2012
For Immediate Release | April 16, 2012 |
Rio Alto Mining Limited (“Rio Alto”) (TSX & BVL: RIO, OTCQX: RIOAF, DB Frankfurt: 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 produced1 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 $44.9 million.
The La Arena Gold Mine’s production for the three-month period was:
Actual | Mine Plan | Difference | |||||
Tonnes | Au g/t | Tonnes | Au g/t | Tonnes | Grade | ||
Ore mined | 1,289,483 | 1.37 | 2,160,000 | 0.69 | (870,517) | 0.68 | |
Ore from (to) stockpile | 338,395 | 0.84 | - | - | 338,395 | 0.84 | |
Ore placed on pad | 1,627,878 | 1.26 | 2,160,000 | 0.69 | (532,122) | 0.57 | |
Ounces placed on pad | 66,091 | 48,126 | 17,965 | ||||
Waste mined | 2,262,038 | n/a | 1,568,037 | n/a | 694,001 | n/a | |
Waste to Ore Ratio | 1.39 | n/a | 0.73 | n/a | 0.66 | n/a |
Production | Ounce | ||
Variances | Variances | ||
Ore placed on pad difference | (532,122) | (11,856) | |
Ore grade difference | 0.57 | 29,821 | |
Ounce variance | 17,965 |
1 Mine site cash cost and total cash cost per ounce produced are non-GAAP measures used by management to evaluate operating performance and is used by some investors as an indicator of a company’s future cash generating capability. Cash cost and total cost per ounce produced should not be considered as a substitute for GAAP performance measures nor should they be considered in isolation. Please refer to the matters described under the heading Non-GAAP Measures in this announcement. | |
- 2 -
Ore grade mined continues to be significantly higher than predicted by the mine block model. The model projected a weighted average grade of 0.69 Au g/t for the quarter; whereas, ore mined assayed 1.37 Au g/t. Due to this positive grade reconciliation and unusually heavy rains during the period, which slowed leach pad expansion, mining efforts were directed to waste removal. Ore tonnes mined were approximately 871,000 tonnes less than plan and waste removal exceeded plan by 694,000 tonnes. The current leach pad expansion program was completed in April and there is sufficient capacity for the next quarter.
Mine site cash cost per ounce and total cost per ounce produced consist of:
($ 000’s) | $ per oz | |
Mine site costs | 24,583 | 439 |
Lima office | 876 | 16 |
Vancouver office | 674 | 12 |
Mining tax and royalty | 5,763 | 103 |
Workers’ profit share | 4,575 | 82 |
Total costs | 36,471 | 652 |
Management expects that the La Arena Gold Mine will produce 150,000 to 160,000 ounces of gold at a mine site cash cost of approximately $500 - $550 per ounce and total cash cost of $600 - $650 per ounce for the year ended December 31, 2012.
With a proven technical team, strong operating and financial performance and high quality development and exploration projects, Rio Alto is positioned to grow into an intermediate gold producer from existing projects. Based on current plans and assumptions the Company projects gold oxide production of over 200,000 ounces per year by 2014. All planned development, exploration and capital expenditures for 2012 will be completed without external funding and the Company should end the year in a stronger financial position. Rio Alto plans to pursue accretive acquisitions and carry out our planned exploration programs.
Forward Looking Statements
This news release contains certain forward-looking information including statements concerning expected gold production and estimated cost of gold 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 securities laws.
Non-GAAP Measures
Mine site cash cost and total cash cost per ounce produced are non-GAAP measures used by management and some investors to evaluate performance and assess the Company’s ability to generate cash flow from operations. There is no standard methodology for the determination of such measures
- 3 -
and they are presented to provide additional information and should not be considered in isolation or as a substitute for GAAP performance measures. Cash cost measures per ounce produced include accruals for items, such as mining taxes and royalty and workers’ profit share that are attributed to production for a period but that are paid in a subsequent period, but do not include changes in work-in-process inventory.
To learn more about Rio Alto Mining Limited, please visit: www.rioaltomining.com or Rio Alto’s SEDAR profile at www.sedar.com.
ON BEHALF OF THE BOARD OF
RIO ALTO MINING LIMITED
Alex Black
President & CEO
FOR FURTHER INFORMATION, CONTACT: | ||
Alex Black, President & CEO | Alejandra Gomez, Investor Relations | |
Phone: +511 99279 4655 | Phone: 604.628.1401 | |
Phone: +511 625 9900 | Fax: 866.393.4493 | |
Email: alexb@rioaltomining.com | Email: alejandrag@rioaltomining.com |
Web: www.rioaltomining.com