Stock rose 7.3% on Wednesday after the company announced Q2 results that beat expectations.
Rio Alto Mining Mining News
As part of the miner's strategy to grow gold production in Timmins, Northern Ontario, to over 250,000 ounces per year by 2020.
Tahoe Resources' founder and executive chair Kevin McArthur said the operations present "nice synergies".
Tahoe Resources has agreed to buy Canadian precious-metals miner Lake Shore Gold in an all-stock deal valued at Cdn$945 million ($678 million).
The deal will also result in a spinoff company called AuRico Metals, which will hold the Kemess Property in northern British Columbia and three royalty assets.
A new intermediate precious metals producer.
Rio Alto Mining Limited (TSX VENTURE:RIO)(OTCQX:RIOAF)(BVLAC:RIO)(DBFrankfurt:MS2) ("Rio Alto" or the "Company") announced today that, subject to regulatory approval, it has granted a total of 3,990,000 options to purchase common shares of Rio Alto to the directors, officers, consultants and employees of Rio Alto, in accordance with the Corporation's stock option plan.
Rio Alto Mining Limited ("Rio Alto" or the "Company") (TSX VENTURE:RIO)(OTCQX:RIOAF)(BVLAC:RIO)(DBFrankfurt:MS2) is pleased to announce that it has completed definitive documentation for a US$25 million increase in its existing gold prepayment facility (the "Prepayment Facility") with Red Kite EXP 1 ("RKE") and concurrently drew down the full amount available under the Prepayment Facility.
Shares of junior Canadian miners Bear Creek Mining (BCM.V: Quote) and Rio Alto Mining (RIO.V: Quote) fell on Monday, following anti-mining protests in southeastern Peru, just days ahead of a presidential run-off election. Aboriginal protesters […]