Alio Gold Inc. (ALO) Tops Q2 EPS by 4c

Alio Gold Inc. (NYSE: ALO) reported Q2 EPS of $0.10, $0.04 better than the analyst estimate of $0.06. Revenue for the quarter came in at $27.07 million versus the consensus estimate of $26 million.

• Gold production of 22,011 ounces at an all-in sustaining cost1 (“AISC”) of $954 per ounce, in line with guidance.
• 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 Q3 2017.
• Initiated Revitalization Plan for the San Francisco Mine following updated NI 43-101 technical report filed in May 2017.
• Commenced the Definitive Feasibility Study (“DFS”) for the high-grade, high-margin Ana Paula project after positive Pre-Feasibility Study (“PFS”) released.
• Completed CAD$50.4 million bought deal financing.

For earnings history and earnings-related data on Alio Gold Inc. (ALO) click here.

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