Last C$2.93 CAD
Change Today -0.18 / -5.79%
Volume 7.4M
RIO On Other Exchanges
Symbol
Exchange
Toronto
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As of 3:39 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

rio alto mining ltd (RIO) Snapshot

Open
C$3.07
Previous Close
C$3.11
Day High
C$3.14
Day Low
C$2.88
52 Week High
09/17/14 - C$3.36
52 Week Low
12/5/13 - C$1.33
Market Cap
968.4M
Average Volume 10 Days
4.4M
EPS TTM
C$0.33
Shares Outstanding
330.5M
EX-Date
--
P/E TM
8.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for RIO ALTO MINING LTD (RIO)

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rio alto mining ltd (RIO) Details

Rio Alto Mining Limited, together with its subsidiaries, is engaged in the acquisition, exploration, development, and mining of mineral properties in Latin America. The company explores for gold oxide, copper/gold sulphide, copper, and silver properties. It holds interest in the La Arena mineral project, which consists of 20,673 hectares in 44 concessions located to the north-northwest of Lima, Peru. The company was formerly known as Mexican Silver Mines Ltd. and changed its name to Rio Alto Mining Limited in July 2009. Rio Alto Mining Limited is headquartered in Vancouver, Canada.

747 Employees
Last Reported Date: 03/28/14

rio alto mining ltd (RIO) Top Compensated Officers

Chief Executive Officer, President, Non-Indep...
Total Annual Compensation: $500.0K
Mining Manager of La Arena S.A.
Total Annual Compensation: $373.1K
Vice President of Operations
Total Annual Compensation: $366.6K
Vice President of Peru Corporate Affairs
Total Annual Compensation: $245.0K
Advisor
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

rio alto mining ltd (RIO) Key Developments

Rio Alto Mining Provides Production Guidance for the Year 2014

Rio Alto Mining provided production guidance for the year 2014. For the year, the company expects gold production of 200,000 ounces to 220,000 ounces. Shahuindo is projected to start producing 85,000 oz/y gold at a $550/ounces cash cost by early 2016. The company also plans to complete a study for an 18,000t/d, $300 million copper-gold operation at La Arena by the end of the year, including a 14,200 meters drill program.

Rio Alto Mining Limited Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014 and Production Results for the Second Quarter Ended June 30, 2014

Rio Alto Mining Limited announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported sales of $67,295,000 against $63,859,000 a year ago. Income before income taxes was $24,282,000 against $9,222,000 a year ago. Net income was $15,150,000 or $0.09 basic and diluted per share against net loss of $3,229,000 or $0.02 basic and diluted per share a year ago. Net cash provided by operating activities was $22,420,000 against net cash used in operating activities of $7,181,000 a year ago. Mineral property expenditures were $1,030,000 against $4,723,000 a year ago. Purchase of plant and equipment was $11,106,000 against $12,141,000 a year ago. For the six months ended, the company reported sales of $132,383,000 against $122,019,000 a year ago. Income before income taxes was $44,258,000 against $24,320,000 a year ago. Net income was $27,059,000 or $0.15 basic and diluted per share against $4,855,000 or $0.03 basic and diluted per share a year ago. Net cash provided by operating activities was $40,778,000 against $21,788,000 a year ago. Mineral property expenditures were $2,514,000 against $9,725,000 a year ago. Purchase of plant and equipment was $21,424,000 against $26,059,000 a year ago. For the quarter, the company produced gold of 54,517 ounces, of which 50,830 ounces were sold at an average realized price of $1,276 per ounce. The remaining ounces were delivered to Red Kite under the company's Gold Prepayment Agreement.

Rio Alto Mining Limited Fulfills its Obligations to Red Kite Explorer Trust in Relation to its Operating Loan Agreement and Gold Prepayment Agreement

Rio Alto Mining Limited announced it has fulfilled its obligations to Red Kite Explorer Trust in relation to its Operating Loan Agreement and Gold Prepayment Agreement. The company repaid USD 3 million, plus accrued interest of USD 584,000 owing on the Operating Loan on July 11, 2014, as well as delivered the final 3,881 notional ounces of gold owing to Red Kite on July 14, 2014. Rio Alto has also drawn USD 35 million of funds from the term loan of USD 50 million obtained from Banco de Cr dito del Per and structured by Credicorp Capital Servicios Financieros S.A. These funds will be used for working capital.

 

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RIO

Industry Average

Valuation RIO Industry Range
Price/Earnings 9.9x
Price/Sales 1.8x
Price/Book 1.8x
Price/Cash Flow 10.5x
TEV/Sales 3.1x
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