S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices after the close of trading on Friday, September 19, 2014: Changes to the S&P/TSX Composite Index will also affect the S&P/TSX Capped Composite and Equal Weight Composite Indices. Stocks added to or removed from the S&P/TSX Composite Index will also [...]
Rio Alto Mining announces that its net income for the quarter ended June 30, 2014 was $15.2 million or $0.09 per share. Cash provided by operations for the quarter amounted to $22.4 million. The World Gold Council adjusted production cost was $569 per ounce for the quarter. Highlights for the quarter included: Gold produced was 54,517 ounces, of [...]
Rio Alto Mining and Sulliden Gold have completed the previously announced plan of arrangement, pursuant to which Rio Alto acquired all of the issued and outstanding common shares of Sulliden. As of today, and including the 151,694,886 Rio Alto common shares issued as consideration under the Arrangement, Rio Alto has 328,802,568 common shares issued [...]
Rio Alto and Sulliden Gold are pleased to announce that each company held a special meeting of shareholders earlier today, and the previously announced plan of arrangement involving Rio Alto, Sulliden, Sulliden Mining Capital Inc., a wholly owned subsidiary of Sulliden, and shareholders of Sulliden was approved by the shareholders of each of Rio [...]
Rio Alto and Sulliden Gold are pleased to announce that both Institutional Shareholder Services and Glass Lewis & Co., two leading independent proxy advisory firms, have recommended that shareholders of Rio Alto and shareholders of Sulliden support the proposed plan of arrangement between the two companies at their special meetings scheduled for [...]
Rio Alto Mining is pleased to announce it has fulfilled its obligations to Red Kite Explorer Trust in relation to its Operating Loan Agreement and Gold Prepayment Agreement. The Company repaid $3 million United States Dollars, plus accrued interest of $584 thousand USD owing on the Operating Loan on July 11, 2014, as well as delivered the final [...]
Rio Alto is pleased to announce that its La Arena Gold Mine produced 54,517 ounces of gold during the three months ended June 30, 2014. 107,979 ounces have been produced at La Arena during the six months ended June 30, 2014 compared with 84,783 ounces for the six months ended June 30, 2013. Ore and waste production from the La Arena Gold Mine for [...]
Rio Alto is pleased to announce it has obtained a commitment letter from Banco de Crédito del Perú that provides for a financing for aggregate proceeds of USD$70 million. The financing will be comprised of a term loan in the amount of USD$50 million and a lease agreement whereby La Arena S.A. acquires the operating assets of its electrical power [...]
Rio Alto and Sulliden Gold are pleased to announce that they have signed a definitive arrangement agreement relating to the previously announced business combination of Rio Alto and Sulliden. The material terms of the Transaction are as previously disclosed in the joint press release of Rio Alto and Sulliden dated May 21, 2014. The Transaction [...]
Rio Alto announces 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. Klaus Zeitler, Chairman of the Board of Directors of [...]
Rio Alto Mining is pleased to announce that it has entered into an agreement to purchase 26,966,292 common shares of Sulliden Gold, representing 8.6% of Sulliden's basic shares outstanding, from Agnico Eagle Mines for cash consideration of C$1.10 per common share for an aggregate purchase price of approximately C$29.7 million. The purchase of the [...]
Rio Alto Mining and Sulliden Gold jointly announce that they have signed a binding letter agreement to combine their respective businesses and create a new, leading mid-tier gold producer with operations focused in a world-class gold mining district in Peru. The Transaction combines Rio Alto's currently producing, low cost La Arena gold oxide mine [...]
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