gold production news Rio Alto Produced 201,113 Ounces of Gold in 2012
Press Release: Rio Alto Mining Limited – 7 hours ago VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan 11, 2013) - Rio Alto Mining Limited ("Rio Alto") (TSX:RIO)(LMA:RIO)(NYSE:RIOM)(DBFrankfurt:MS2) is pleased to announce that gold production for 2012 amounted to 201,113 ounces, near the mid-point of the Company''s most recent gold production guidance of 190,000 to 210,000 ounces for the year. Production for the fourth quarter of the year was 40,049 ounces of gold.
Alex Black, President and Chief Executive Officer, commented, "Production of 200,000 ounces of gold during the first year of commercial production from the La Arena Gold Mine exceeded management''s initial expectations and was due in large part to the hard work of everyone involved in mine operations. The board of directors would like to express its appreciation for the commitment and effort of everyone involved in the mine development and its operation."
During Q1, Rio Alto will provide 2013 production and cost guidance, updated resources and reserves for the La Arena Gold Mine and the Phase II copper/gold deposit and final 2012 production cost information.