Last C$2.73 CAD
Change Today +0.05 / 1.87%
Volume 772.4K
RIO On Other Exchanges
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As of 4:11 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

rio alto mining ltd (RIO) Snapshot

Open
C$2.67
Previous Close
C$2.68
Day High
C$2.75
Day Low
C$2.62
52 Week High
08/27/13 - C$3.06
52 Week Low
12/5/13 - C$1.33
Market Cap
483.2M
Average Volume 10 Days
1.1M
EPS TTM
C$0.24
Shares Outstanding
177.0M
EX-Date
--
P/E TM
10.4x
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 Limited Reports Production Results for the Second Quarter and Six Months Ended June 30, 2014; Maintains Production Guidance for the Year 2014

Rio Alto Mining Limited reported production results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported that its La Arena Gold Mine produced 54,517 ounces of gold (48,427 ounces of gold poured for the three months ended June 30, 2013). Gold production was 6,090 ounces better than the corresponding period of 2013 because ore production was 30% higher partially offset by a decline in grade of 0.14 gpt. For the six months, the company reported 107,979 ounces have been produced at La Arena compared with 84,783 ounces for the six months ended June 30, 2013. The company maintains its previous gold production guidance of 200,000 to 220,000 ounces of gold in 2014.

Rio Alto Mining Limited Secures $70 Million Financing from Banco de Crédito del Perú

Rio Alto Mining Limited announced it has obtained a commitment letter from Banco de Crédito del Perú that provides for a financing for aggregate proceeds of $70 million. The financing will be comprised of a term loan in the amount of $50 million and a lease agreement whereby La Arena S.A. acquires the operating assets of its electrical power subsidiary, Empresa de Energia Yamobamba S.A.C. 'Yamobamba Energy', for proceeds of $20 million. The loan will have a one year term and will bear an expected interest rate in the range of 2.5% to 2.75% per annum and the lease will have a three year term and an expected interest rate of 4.50% per annum. The financing has been structured by Credicorp Capital Servicios Financieros S.A. and the funds lent by Banco de Crédito del Perú.

Rio Alto Mining Limited Announces Resignation of Roger Norwich as Director

Rio Alto Mining Limited announced that Dr. Roger Norwich has resigned from its board of directors for health and personal reasons. Dr. Norwich has been a director of Rio Alto since its inception in June 2009 and most recently served on the Corporate Governance and Compensation Committee and the Audit Committee.

 

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Valuation RIO Industry Range
Price/Earnings 13.1x
Price/Sales 1.6x
Price/Book 1.7x
Price/Cash Flow 6.1x
TEV/Sales 1.4x
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