Rio Alto Mining Limited RIOAF

RIO: Production, January-March

[rofi]

https://finance.yahoo.com/news/rio-alto-produces-56-000-225500587.html

[swpb]

what is the sp price going to be tomorrow morning?   Cash on-hand at the end of March was $70.8 million, an increase during the quarter of $44.9 million.

[eebler]

Good production at higher grades than anticipated.  If you check out the most recent quarterlies you can see that higher grades are the theme of the last few months.  They were a little slowed on expanding the leach pad, which is key to reaching 36,000 tpd.  If you do the math on 36,000 tpd and assume an average of 1 g/t (with recovery of 80% on the oxide portion), you can get