Rio Alto Mining Limited RIOAF

RE: NEWS ... PRODUCTION UPDATE

[eebler]

Nice nr - especially if they have the resources to allow them to increase production to 36k tpd by the end of 2012.  Based on the official Resource/Reserves and using the Indicated average of 0.41 g/t for the Oxides and 90% recovery, that would make for 160k ozs of gold per year.  If the drill results of the last few months are an indication of overall higher averages, even just a bump to 0.5 g/t would put them on track for almost 200k ozs per year.   

eebler