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BRIEF-Alio Gold Announces Updated Life Of Mine Plan For Florida Canyon

Published 2019-01-15, 07:43 a/m
Updated 2019-01-15, 07:50 a/m
© Reuters.  BRIEF-Alio Gold Announces Updated Life Of Mine Plan For Florida Canyon

Jan 15 (Reuters) - Alio Gold Inc ALO.TO :

* ALIO GOLD ANNOUNCES UPDATED LIFE OF MINE PLAN FOR FLORIDA CANYON

* ALIO GOLD INC - "WE ANTICIPATE NEEDING TO BEGIN REPLACING OUR MINING FLEET IN 2020"

* ALIO GOLD - 47,400 OUNCES PRODUCED IN 2018 EXPECTED TO INCREASE TO 62,200 OUNCES IN 2019, AND TO AN AVERAGE OF 75,000 OUNCES PER YEAR FOR NEXT 8 YEARS

* ALIO GOLD INC - CAPITAL EXPENDITURES OF $81.9 MILLION EXPECTED OVER LOM, INCLUDING REPLACEMENT OF MINING FLEET

* ALIO GOLD INC - LOM CASH COSTS OF $903 PER OUNCE OF GOLD AND ALL-IN SUSTAINING COSTS OF $1,058 PER OUNCE OF GOLD

* ALIO GOLD INC - AFTER-TAX NPV OF $105 MILLION BASED ON A $1,300 PER OUNCE GOLD PRICE FOR FLORIDA CANYON LIFE OF MINE PLAN

* ALIO GOLD INC - SEES PROVEN AND PROBABLE MINERAL RESERVES OF 1.01 MILLION OUNCES GOLD FOR FLORIDA CANYON LIFE OF MINE PLAN

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