Alio Gold Inc. reported earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported metal revenues of $27,069,000 against $33,075,000 a year ago. Net earnings from operations were $7,751,000 against $8,704,000 a year ago. This decrease was due to lower earnings from mine operations of $10.2 million compared to $10.8 million during second quarter 2016. Net earnings were $3,512,000 or $0.10 per basic share against $6,395,000 or $0.20 per basic share a year ago. Cash flows from operating activities were $2,772,000 against $11,485,000 a year ago. Metal revenues decreased by 18.1% as a result of fewer ounces sold, partially offset by an increase in the average realized gold price.

For the six months, the company reported metal revenues of $59,375,000 against $61,684,000 a year ago. Net earnings from operations were $17,531,000 against $506,000 a year ago. Net earnings were $9,554,000 or $0.27 per basic share against loss of $3,938,000 or $0.12 per basic share a year ago. Cash flows from operating activities were $12,515,000 against $14,245,000 a year ago.

Maintained 2017 guidance of 86,000 to 92,000 ounces of gold at AISC less than $1,000 per ounce with 20,000 to 22,000 ounces of production expected in the third quarter 2017.