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Alio Gold Inc. T.ALO

"Alio Gold Inc is a gold mining company. It is engaged in exploration, development and production in Mexico. Its projects include San Francisco mine in Sonora, Mexico and the development stage Ana Paula project in Guerrero, Mexico."


TSX:ALO - Post by User

Comment by auburn2on Aug 23, 2018 6:12pm
120 Views
Post# 28508941

RE:RE:RE:RE:RE:RE:RE:RE:RE:Raymond James: Underperform rating and C$1.00 target for ALO

RE:RE:RE:RE:RE:RE:RE:RE:RE:Raymond James: Underperform rating and C$1.00 target for ALOThe problem here is the new FC mine. SF: AISC $1,172 per ounce. That's decent enough, meaning better than cash neutral at current gold prices given their strong hedging. Addressing the FC problems: Upgrading and improving crushing circuit Increasing pumping capacity Optimizing pit sequencing, including Radio Tower pit Expanding heap leach pad "Additional carbon columns were added to the processing plant to enhance gold production leading to higher production levels in Q2 2018. These plant enhancements are expected to provide improved results in future operating periods. " AISC at FC in the last 3 months was really terrible. Almost criminal given that they just bought this asset and it's in no way performing to spec?
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