Alio Gold Inc. Announces Consolidated Earnings for the Third Quarter and Nine Months Ended September 30, 2017; Reports Production Results for the Third Quarter of 2017; Revises Production Guidance for the Full Year 2017; Provides CapEx Guidance for the Fourth Quarter of 2017
For the nine months, the company reported metal revenues of $84,569,000 against $92,896,000 a year ago. Net earnings from operations were $22,613,000 against $30,429,000 a year ago. Net earnings were $14,751,000 or $0.39 per basic share against $25,781,000 or $0.81 per basic share a year ago. Cash flows from operating activities were $15,253,000 against $24,089,000 a year ago.
For the quarter, the company's Gold production was at 19,429 ounces at an all-in sustaining cost ("AISC") of $1,104 per ounce.
The company has reduced its full year production guidance to between 82,000 and 86,000 ounces.
But the total CapEx, including at Ana Paula, in the fourth quarter is expected to be between $8 million and $10 million. The company is looking to spend approximately $1 million in sustaining capital at San Francisco.