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Bullboard - Stock Discussion Forum 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 Discussion

Alio Gold Inc. > ARGONAUT has shut down production
View:
Post by stockwrestler on Apr 12, 2020 11:59pm

ARGONAUT has shut down production

and POG is rising.
tempted to buy more Alio but will AR resume production anytime soon?
they say May1st, but it could be extended...
so, I decided it's too risky right now and will just watch developments.

glta

sw
Comment by Rational43 on Apr 13, 2020 2:36pm
Mexico asked AR to shut down mining operations until April 30th.  AR is still producing gold from previously mined material, so they will still have sales in April with very little expense.   They will need to rebuild ore inventory past April, but that can be a gradual process. "temporary suspend operations until April 30 due to the COVID-19 virus.  Argonaut will work ...more  
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