Tuesday, April 8, 2014

Rio Alto says gold output from Peru mine rose 47% in Q1

Rio Alto says gold output from Peru mine rose 47% in Q1Canadian miner Rio Alto Mining said on Monday that gold production from its La Arena mine in northern Peru rose 47% in the first quarter compared to the same period a year ago.
Rio Alto Mining said in a statement that while output in the first quarter was higher than forecast, it still expects to produce between 200 000 oz to 220 000 oz of gold this year from La Arena after producing 214 742 oz in 2013.
The company produced 53 463 oz of gold in the Q1 of 2014 compared to the 36 355 oz in the first quarter of 2013.
                                     Peru is the world's sixth biggest gold exporter.

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