Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Why? Looks primed to me.
Sorry, but I have to politely and respectfully disagree. RIOM=pennant vs. SVLC=flag. IMHO. Peace!
Daily chart looks to be Flagging out, Flag pattern
Sounds complicated. I use the KISS technique...pennant?
Rio Alto Mining Limited [$RIOM] due diligence
bullish
completing a measured move pattern from 1.6 to 2.4 to 2.15 to...
or 1.1 to 2.6 to 1.6 to...
you get the idea
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:measured_move_-_bullish_continuation
$RIOM
DD Notes ~ http://www.ddnotesmaker.com/RIOM
##### recent news/filings ~ source: finance.yahoo.com
Tue, 08 Jul 2014 12:18:27 GMT ~ Rio Alto reports Q2 production 54,517 gold oz vs. 48,427 gold oz last year
read full: http://finance.yahoo.com/news/rio-alto-reports-q2-production-121827152.html
*********************************************************
Tue, 08 Jul 2014 12:02:00 GMT ~ 8:02 am Rio Alto Mining maintains its previous gold production guidance of 200,000 to 220,000 ounces of gold in 2014; produces 54,517 ounces of gold from La Arena Gold Mine in Q2 2014 (up from 48,427 YoY)
read full: http://finance.yahoo.com/news/inplay-briefing-com-055139997.html#riom
*********************************************************
Tue, 08 Jul 2014 12:00:00 GMT ~ Rio Alto Produces 54,517 Ounces of Gold in Q2 2014
[Marketwired] - Rio Alto Mining Limited is pleased to announce that its La Arena Gold Mine produced 54,517 ounces of gold during the three months ended June 30, 2014 .
read full: http://finance.yahoo.com/news/rio-alto-produces-54-517-120000924.html
*********************************************************
Wed, 02 Jul 2014 16:20:14 GMT ~ Newmont Wraps Up Jundee Mine Sale
read full: http://finance.yahoo.com/news/newmont-wraps-jundee-mine-sale-162014131.html
*********************************************************
Wed, 02 Jul 2014 09:00:00 GMT ~ Today In SA PRO: Tuesday, July 1
read full: http://seekingalpha.com/article/2293875-today-in-sa-pro-tuesday-july-1?source=yahoo
*********************************************************
##### chart ~ source: stockcharts.com
##### chart ~ source: eoddata.com
##### company info ~ source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/RIOM/company-info
Ticker: $RIOM
OTC Market Place: Not Available
CIK code: 0001407007
Company name: Rio Alto Mining Limited
Company website: http://www.rioaltomining.com
Incorporated In: Canada
##### extra dd links
Edgar filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001407007&owner=exclude&count=40
Latest filings: http://www.otcmarkets.com/stock/RIOM/filings
Latest financials: http://www.otcmarkets.com/stock/RIOM/financials
Latest news: http://www.otcmarkets.com/stock/RIOM/news - http://finance.yahoo.com/q/h?s=RIOM+Headlines
Major holdings: http://data.cnbc.com/quotes/RIOM/tab/8.1
Insider transactions (1): http://finance.yahoo.com/q/it?s=RIOM+Insider+Transactions
Insider transactions (2): http://www.secform4.com/insider-trading/RIOM.htm
Insider transactions (3): http://www.insidercow.com/history/company.jsp?company=RIOM
RegSho: http://www.regsho.com/tools/symbol_stats.php?sym=RIOM&search=search
DTCC: http://search2.dtcc.com/?q=Rio+Alto+Mining+Limited&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=Rio+Alto+Mining+Limited
Corporation WIKI: http://www.corporationwiki.com/search/results?term=Rio+Alto+Mining+Limited&x=0&y=0
WHOIS: http://whois.domaintools.com/http://www.rioaltomining.com
Alexa: http://www.alexa.com/siteinfo/http://www.rioaltomining.com#
Corporate website internet archive: http://web.archive.org/web/*/http://www.rioaltomining.com
Short Sales: http://www.otcmarkets.com/stock/RIOM/short-sales
Insider Disclosure: http://www.otcmarkets.com/stock/RIOM/insider-transactions
Research Reports: http://www.otcmarkets.com/stock/RIOM/research
Historical Prices: http://finance.yahoo.com/q/hp?s=RIOM+Historical+Prices
Basic Tech. Analysis: http://finance.yahoo.com/q/ta?s=RIOM+Basic+Tech.+Analysis
Company Profile: http://finance.yahoo.com/q/pr?s=RIOM+Profile
Key Statistics: http://finance.yahoo.com/q/ks?s=RIOM+Key+Statistics
Industry: http://finance.yahoo.com/q/in?s=RIOM+Industry
Insider Roster: http://finance.yahoo.com/q/ir?s=RIOM+Insider+Roster
Income Statement: http://finance.yahoo.com/q/is?s=RIOM
Balance Sheet: http://finance.yahoo.com/q/bs?s=RIOM
Cash Flow: http://finance.yahoo.com/q/cf?s=RIOM+Cash+Flow&annual
Market Watch: http://www.marketwatch.com/investing/stock/RIOM
Bloomberg: http://www.bloomberg.com/quote/RIOM:US
Morningstar: http://quotes.morningstar.com/stock/s?t=RIOM
Bussinessweek: http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=RIOM
Barchart: http://www.barchart.com/quotes/stocks/RIOM
OTC Short Report: http://otcshortreport.com/index.php?index=RIOM
Investopedia: http://www.investopedia.com/markets/stocks/RIOM/?wa=0
http://www.pennystocktweets.com/stocks/profile/RIOM
##### last known share structure ~ source: otcmarkets.com
Market Value: $405,857,580 a/o Jul 08, 2014
Shares Outstanding: 174,938,612 a/o Nov 13, 2012
Float: Not Available
Authorized Shares: Unlimited a/o Aug 31, 2011
Par Value: No Par Value
##### business description ~ source: otcmarkets.com
Rio Alto Mining Limited (TSX: RIO; BVL: RIO; OTCQX: RIOAF; Frankfurt: MS2) is a Canadian based resource company focused on the development of the 21,000 ha La Arena gold / copper project, located in north central Peru, the most prolific gold mining district in the country.La Arena contains 3.9 million ounces gold and 2.0 billion pounds copper in measured & indicated resources with additional inferred resources of 2.2 million ounces gold and 2.1 billion pounds copper*. First gold production at La Arena occured on May 6th, 2011 and 161,064 ounces of gold were poured during the first three quarters of 2012.Less >>
DD Notes ~ http://www.ddnotesmaker.com/RIOM
pre110
Can anybody here comment on the daily stock chart? Much appreciated.
I see a price target of $3.5 - $6 by this time next year unless gold tanks below $750/oz. which leaves Rio pretty well insulated against going a whole lot lower than current PPS. JMO & GLTA!
The Piper Must Be Paid
Bob Moriarty on Derivatives, Depression and Gold
Kevin Michael Grace
November 19, 2012 - Kevin Michael Grace spoke with Bob Moriarty, founder and President of 321Gold.com November 14.
RW: What do you think of the prospects for the US economy after the re-election of Obama?
BM: I don’t think the election has anything to do with anything. I think the 800-pound gorilla in the room is the debt situation, and certainly the US is one of the worst. We’re an economy powered by debt, and it’s a fractional reserve system, so there’s always more debt than money. Sooner or later you have to pay the piper. This concept that you can somehow spend your way to prosperity is like trying to drink yourself sober.
RW: But that’s the course the US has been on at least since 2007, and there seems to be no end in sight.
BM: Absolutely correct. How can we have a recovery with a real debt of $7 trillion dollars? I mean it’s going to blow sky high. I’m not saying this as doom and gloom or anything else. The real deficit of the US is $7 trillion a year in an economy of $14 trillion. That’s not sustainable...
Read the rest of the interview here. http://resourceswire.com/2012/11/the-piper-must-be-paid/
Top Of The World
Sienna Finds High Silver and Gold Grades in Peru’s Andes
By Ted Niles
A year ago, Sienna Gold TSXV:SGP was focused on the Domo and Tesoros areas of its Igor project in Peru. Its objective was to turn them into a small but economic near-term mine. But an eight-hole drill campaign on the nearby Callanquitas structure, completed May 2011, led to a 15,000-metre campaign, which might very well transform the company’s prospects. “I’m very excited, and I think the future’s very bright for Sienna,” says President John Rucci.
“We had started a prefeasibility-type study for the small mine at Domo and Tesoros,” President John Rucci explains, “and part of the drilling there was to close in the ounces that we have in the resource. That’s moving forward, but now in light of what’s coming out of Callanquitas, the design would have to be much different than what we’d planned. If in fact it provides what we need, we’ll start investigating opportunities to put the whole thing in production—Callanquitas, Domo and Tesoros.”
Read the rest of this article. http://resourceclips.com/2012/03/27/top-of-the-world/
Rio Alto to Commence Trading on the Toronto Stock Exchange
Rio Alto Mining Limited ("Rio Alto" or the "Company") (TSX VENTURE:RIO)(OTCQX:RIOAF)(BVL:RIO)(DBFrankfurt:MS2) is pleased to announce that its common shares will commence trading on the Toronto Stock Exchange ("TSX"), effective at market opening, on Friday, February 24, 2012 under the trading symbol "RIO". As a consequence, Rio Alto's common shares will be de-listed from the TSX Venture Exchange upon the commencement of trading on the TSX. To learn more about Rio Alto Mining Limited, please visit: www.rioaltomining.com or Rio Alto's SEDAR profile at www.sedar.com.
ON BEHALF OF THE BOARD OF RIO ALTO MINING LIMITED
Alex Black, President & CEO
$RIOAF ~ Buy-ins ~ Naked Short List! In Charts and links! for Feb. 14th 2012 - Daily and Weekly views.
Chart results for you to ponder with me.. Certain charts may be reposted while on the Buy-ins website, Click next or previous at the top of the page to see my others.
~ Barchart: http://barchart.com/quotes/stocks/RIOAF?
~ OTC Markets: http://www.otcmarkets.com/stock/RIOAF/company-info
~ Google Finance: http://www.google.com/finance?q=RIOAF
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=RIOAF#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=RIOAF+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=RIOAF
Finviz: http://finviz.com/quote.ashx?t=RIOAF
~ BusyStock: http://busystock.com/i.php?s=RIOAF&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=RIOAF&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=RIOAF
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=RIOAF
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=RIOAF
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=RIOAF
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=RIOAF
~ MarketWatch: http://www.marketwatch.com/investing/stock/RIOAF/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=RIOAF
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=RIOAF
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=RIOAF&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=RIOAF&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=RIOAF&size=l&frequency=60&color=g
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=RIOAF&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=25&y=5
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=RIOAF&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=14
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=RIOAF&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=28&y=15
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=RIOAF&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=17
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=RIOAF&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=12
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=RIOAF&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=19
Twitter: @MACDgyver ---> RIOAF <---
Risk Vs Reward
Miners Calibrate the Costs of Operating in Lawless Lands
By Greg Klein
The Democratic Republic of the Congo is famously rich in mineral deposits. It is also notorious for destitution, corruption, sectarian violence, child soldiers and atrocities. Last November, election violence forced African Metals TSXV:AFR to evacuate expatriate personnel constructing its Luisha South Copper-Cobalt Property in Katanga Province. The workers have since returned following the re-election of Joseph Kabila, although his record of expropriation can hardly be reassuring to miners. Luisha’s plant is slated for production early this year.
Last October, in South Kivu Province, on the DRC’s eastern border with Tanzania, Burundi and Rwanda, Banro Corp TSX:BAA opened the country’s first gold mine in 50 years. Banro plans to use cash flow from the Twangiza Mine to open a second operation within 18 months, the Namoya Gold Mine in Maniema Province, immediately east of South Kivu.
Read the rest of this article. http://resourceclips.com/2012/02/06/risk-vs-reward/
Rio Alto's Gold Production Tops 51,000 Ounces for 2011 and the Company Changes Transfer Agent
Rio Alto Mining Limited ("Rio Alto" or the "Company") (TSX VENTURE:RIO)(OTCQX:RIOAF)(LMA:RIO)(DBFrankfurt:MS2) is pleased to report that gold production during construction and development of its 100% owned La Arena Gold Mine amounted to 51,398 ounces during 2011. The Company is finalizing a resource estimate to prepare an updated ore reserve and mining plan after which Rio Alto will provide gold production guidance for 2012.
The Company also wishes to announce that the share registrar and transfer agent of the Company has been changed to Computershare Investor Services Inc. of 510 Burrard Street, 3rd Floor, Vancouver, British Columbia V6C 3B9 effective December 31, 2011. In addition, on January 3, 2012, the rights agent under Shareholders' Rights Plan Agreement dated August 26, 2010 has been changed to Computershare Investor Services Inc.
Rio Alto still trending up while most of the others are sideways or down. I will take it.
The trend on Rio Alto since last August has been slowly up. This is pretty good considering most of my mining holdings are trading sideways in range at the present time.
Aw. You beat me to posting this.
:)
Rio Alto-Change of Year End & Release of First Quarter Results
| 11:38 AM |
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68879880
All the better, my friend, all the better.
Not bad, over the past 3 months or so, Rio Alto has swung back up from about $2.20 to about $2.60
Well, looks like Rio Alto has swung down to its normal low swing target, and is now recovering. Entry point?
Rio Alto continues to show lackluster performance compared with other miners, like US Silver, Scorpio and Great Panther. I will continue watching this one.
Not doing what I would like it to do over the last month. I have others in my poke that are doing much better.
Looking back over the past 3 month period, Rio Alto has been kind of a disappointing performer.
Rio Alto seems to be still stuck in the same trading range while many of my other PM's have been doing better. Might be time to re-evaluate whether I still like this one.
Still stuck at the current resistance level, even with the current action on metals. We'll need to watch whether this one has the Cajones to break through and ascend.
Here's what the Rio Alto website says about the La Arena project:
La Arena Project consists of 20,673 hectares in 44 concessions located 480 km north-northwest of Lima, the capital of Peru, and approximately 18 km from Huamachuco, a town of approximately 20,000 people. It is situated on the eastern slope of the Western Cordillera, close to the Continental Divide at an average altitude of 3,400 metres above sea level.
The Project lies within a multi-million ounce gold district that includes the Lagunas Norte mine (Barrick Gold Corporation) located at Alto-Chicama, the Comarsa mine (Compania Minera Aurifera Santa Rosa S.A.), the La Virgen mine (Compania Minera San Simon S.A.), the Shahuindo gold-silver exploration project (Sulliden Exploration Inc.) and the Tres Cruces gold exploration project (New Oroperu Resources Inc.).
The Lagunas Norte mine produced 1.1 million ounces of gold in 2007 at total cash costs of $105 per ounce. Proven and probable mineral reserves at Lagunas Norte, as of December 31, 2007, were estimated at 8.8 million ounces of gold. This information is taken from information reported on the Barrick Gold Corporation's website.
The Project can be accessed via a 160 km national roadway from the coastal city of Trujillo directly east towards Huamachuco, passing through Chiran, Shorey/Quiruvilca and the Alto Chicama project (owned by Barrick Gold Corporation). The road from Alto Chicama to the Project site has recently been paved. An air strip that accommodates small airplanes is also present at Huamachuco.
The current infrastructure on the Project site includes an exploration camp and access tracks. All future mining, processing and support activities are expected to take place at the La Arena Project site with the exception of a small office which will be located on the coast at Salaverry to provide a procurement service for the operation.
The nearest power supply to the Project site is the Trujillo Norte -- Alto Chicama 138kV transmission line approximately 18 km from the La Arena Project. The concessionaire of the transmission line is Compañia Transmisora Andina S.A. who is obligated under Peruvian law to allow third parties the use of its electrical facilities and systems. In this event such third parties must pay to the concessionaires (i) a compensation for the use of said facilities; and (ii) bear the costs of any improvement or upgrade required in the transmission lines as a result of its usage. Rio Alto is engaged in discussions with Compañia Transmisora Andina S.A and other energy providers to secure power for La Arena Project.
There are no formal water supply schemes in La Arena Project area. Water for the project is abundant and will be extracted from groundwater, adjacent water courses and through recycling and reuse of water wherever reasonably practicable. There are numerous potential locations for waste dumps and dump leach pads, processing plant and other infrastructure, which will be subject to further studies.
As the planned first phase development of La Arena Project currently stands it is estimated that approximately 732 hectares of surface lands will be required in total for the gold oxide dump leach project. Approximately 528 hectares of these surface rights have been acquired by La Arena S.A. to date, leaving a balance of approximately 204 hectares to be acquired. A surface rights acquisition program is ongoing at the project and no issues are expected in acquiring the remaining surface rights.
In 2008, Rio Alto Mining Limited engaged independent engineers, Coffey Mining Limited to complete an NI 43-101 technical report on the La Arena Project. Technical information in this website is derived from, and in some instances is an extract from, the technical report entitled "La Arena Project, Huamachuco District, Peru" dated March 31, 2008 prepared by Linton Kirk, BE (Mining), FAusIMM, Jan de Visser, PhD (Geol), MSC (Geol), MAusIMM, and Chris Witt, BSc (Met), MAusIMM of Coffey Mining. This report is available under Rio Alto's SEDAR profile at www.sedar.com.[/]
Just on that news alone, this one has definitely gotten my attention.
Mews - Rio Alto Acquired 100% of La Arena
February 9, 2011
Rio Alto Mining Limited ("Rio Alto") (TSXV & BVL: RIO, OTCQX: RIOAF, DB Frankfurt: MS2) is pleased to announce that it has exercised its option and has acquired 100% of La Arena gold-copper project ("La Arena Project") located in north-central Peru upon payment of the exercise price of US$49 million cash.
Rio Alto entered into an option and earn-in agreement with IAMGOLD Quebec Management Inc. in June 2009 which provided it with an option to acquire 100% of La Arena S.A., the Peruvian company that owns La Arena Project, upon payment of US$47.6 million cash, subject to certain adjustments and the completion of expenditure commitments.
Alex Black, President and COO of Rio Alto, stated "The completion of the acquisition of the La Arena Project is another significant milestone for Rio Alto. This brings to a conclusion a four year relationship with IAMGOLD during which time our executive management team worked closely with IAMGOLD's senior management team in negotiating the acquisition terms for La Arena during a very difficult financial environment particularly in 2008 and advancing the gold oxide project through feasibility and construction during the past 18 months. We sincerely thank IAMGOLD for their support and confidence during that time".
Construction activities are nearing completion, mining equipment is arriving on site, plant commissioning will occur in March and the La Arena gold oxide project is on schedule to produce first gold in Q2, 2011.
Nice action last few days...breakout mode...latest PR:
Corporate Update - Adoption of Shareholder Rights PlanAug 26, 2010
Pink OTC Markets News Service
Calgary, ALB, Canada—
Rio Alto Mining Limited (“Rio Alto”) (TSXV & BVL: RIO, OTCQX: RIOAF, DB Frankfurt: MS2) Calgary, Alberta. Rio Alto Mining Limited (“Rio Alto”) announces that its board of directors adopted a shareholder rights plan similar to those recently adopted by other Canadian public companies. Shareholder approval of the plan will be sought at the upcoming shareholders’ meeting to be held on September 29, 2010.
The plan is intended to provide the board and the shareholders sufficient time to assess and evaluate any offer for shares of Rio Alto, which might at any time in the future be made, and, where appropriate, to enable the board to explore and develop alternatives to maximize value to shareholders.
In implementing the plan, the board declared the distribution of one right for each Rio Alto common share outstanding at the close of business on August 26, 2010. Also, one right will be issued with respect to each common share of Rio Alto issued after August 26, 2010. The rights trade with and are represented by Rio Alto's common share certificates. Rights certificates will not be distributed to shareholders and the rights do not become exercisable or separable unless one or more specified events occur.
If a person, or group acting in concert (an “acquiring person or group”), acquires 20 per cent or more of the common shares of Rio Alto, the rights will entitle the holders thereof (other than the acquiring person or group) to purchase shares of Rio Alto at a 50-per-cent discount from the market price at the time. With respect to any person or group acting in concert which held 20 per cent or more of the common shares as at August 26, 2010, any acquisition of an additional 1 per cent or more of the common shares of Rio Alto will also trigger the rights.
The rights are not triggered by a permitted bid, which must be a bid made to all shareholders, must be made in compliance with all applicable securities laws and must meet certain other conditions, including an acceptance period of 60 days. In the event such bid is accepted by shareholders holding at least 50 per cent of the common shares, other than those held on behalf of the bidder, it must thereafter remain open for a further 10-day period.
At any time prior to the rights becoming exercisable, the board may waive the operation of the plan with respect to certain particular events before they occur.
The plan is subject to TSX Venture Exchange approval and requires confirmation by Rio Alto's shareholders within the next six months. If shareholders do not confirm the plan within such time frame, then the plan ceases to be in effect. Rio Alto is not aware of any pending or threatened takeover bid. A copy of the rights plan agreement will be attached as Schedule A to the material change report that Rio Alto will file on SEDAR in respect of the adoption of the rights plan.
To learn more about Rio Alto Mining Limited, please visit: www.rioaltomining.com.
ON BEHALF OF THE BOARD OF
RIO ALTO MINING LIMITED
Klaus Zeitler
Chairman
FOR FURTHER INFORMATION, CONTACT:
Alejandra Gomez, Investor Relations
Alex Black, President & COO
Phone: 604.628.1401
Phone: 51 - 1 - 625 9900
Fax: 866.393.4493
Fax: 866.393.4493
Email: alejandrag@rioaltomining.com
Email: alexb@rioaltomining.com
Web: www.rioaltomining.com
Rio Alto Retains Investor Relations Consultant
Aug 9, 2010 Pink OTC Markets News Service
Calgary, ALB, Canada—
Rio Alto Mining Limited (“Rio Alto”) (TSXV & BVL: RIO, OTCQX: RIOAF, DB Frankfurt: MS2) is pleased to announce that it has entered into an investor relations agreement with Marc Andrews of San Francisco, California (the “Agreement”).
Mr. Andrews possesses an extensive background in the investment industry which includes investor relations and corporate communications consultant positions for public and private companies in the energy and mining sectors. Mr. Andrews will leverage his knowledge and experience with the US Investment Community and Market to enhance Rio Alto’s investor awareness, liquidity, shareholder wealth, brand and story.
The Agreement has a term of twelve months with a 30 day termination clause after the initial 6 months, pursuant to which Mr. Andrews will provide investor relations services to Rio Alto including the development of investor relations strategies relating to advertising programs and investor awareness and fostering broker and analyst interest in Rio Alto’s activities. As compensation for his services, Mr. Andrews will receive a retainer fee of $4,000 USD per month, reimbursement for related expenses and an aggregate of 100,000 options to purchase common shares in the capital of Rio Alto pursuant to the terms of Rio Alto's stock option plan with an exercise price of $0.80 per common share.
To learn more about Rio Alto Mining Limited, please visit: www.rioaltomining.com.
ON BEHALF OF THE BOARD OF
RIO ALTO MINING LIMITED
Feisal Somji
Director
FOR FURTHER INFORMATION, CONTACT:
Alejandra Gomez, Investor Relations
Phone: 604.628.1401
Fax: 866.393.4493
Email: alejandrag@rioaltomining.com
Web: www.rioaltomining.com
RIO ALTO COMPLETES FIRST TRANCHE OF PRIVATE PLACEMENT FOR $7.5 MILLION
For Immediate Release May 20, 2010
Rio Alto Mining Limited (“Rio Alto”) (TSXV & BVL: RIO, OTCQX: RIOAF, DB Frankfurt: MS2) is pleased to announce that has closed the first tranche of a private placement of common shares for gross proceeds of C$7,510,000 (US$7,270,000). At this closing 10,097,162 common shares were sold at the issue price of $0.75 (US$0.72) per share. One or more additional tranches of the private placement may be completed.
The net proceeds of the private placement will be used by Rio Alto for the development of La Arena Gold Oxide Project and for general corporate purposes. The common shares issued pursuant to the private placement are subject to a statutory resale restriction period of four months and a day expiring on September 20, 2010. The completion of the private placement is subject to final approval from the TSX Venture Exchange.
Rio Alto will pay finders’ fees in connection with the first tranche of the private placement of US$510,000.
Rio Alto plans to bring La Arena Gold Oxide Project into production during 2010 and to use cash flow from production to further develop its assets in Peru. To learn more about Rio Alto, please visit Rio Alto’s website or Rio Alto’s profile on SEDAR at www.sedar.com.
Reader Advisory
Certain statements contained herein constitute forward-looking statements, including the use of proceeds of the private placement and development of La Arena Gold Oxide Project. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. Rio Alto believes the expectations reflected in these forward looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements in this press release should not be unduly relied upon. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Rio Alto's disclosure documents on the SEDAR website at www.sedar.com. Forward-looking statements included in this press release are made as of the date of this press release and Rio Alto disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
To learn more about Rio Alto Mining Limited, please visit: www.rioaltomining.com.
ON BEHALF OF THE BOARD OF
RIO ALTO MINING LIMITED
Feisal Somji
President and CEO
FOR FURTHER INFORMATION, CONTACT:
Alejandra Gomez, Investor Relations
Phone: 604.628.1401
Fax: 866.393.4493
Email: alejandrag@rioaltomining.com
Web: www.rioaltomining.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts the responsibility for the adequacy or accuracy of this release.
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not Pink OTC Markets Inc. are solely responsible for the accuracy of such news releases.
Liking this ONE.....looks like the real DEAL, with some REAL MINERAL DEPOSITS.....Hammer
Rio Alto Mining Limited Joins OTCQX
NEW YORK, May 3, 2010 /PRNewswire via COMTEX/ -- Pink OTC Markets Inc. (OTCQX: PINK), the financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market, today announced that Rio Alto Mining Limited (OTCQX: RIOAF, TSX.V: RIO), a Canadian based resource company, began trading today on OTCQX(R).
Rio Alto Mining began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com.
"We are pleased to welcome Rio Alto Mining to OTCQX," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "Companies that list on OTCQX, like Rio Alto Mining, demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards."
Hodgson Russ LLP will serve as Rio Alto Mining's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on listing requirements.
About Rio Alto Mining Limited.
Rio Alto Mining Limited (OTCQX: RIOAF, TSX.V: RIO) is a Canadian based resource company focused on the development of the La Arena gold oxide mine in north-central Peru and has the right to acquire adjacent property with additional gold and copper resources.
Why was the symbol reinstated?
SECURITY ADDITIONS
DL Date Symbol Company Name Effective Date OATS Reportable Flag Comments
3/15/2010 RIOAF Rio Alto Mining Limited Common Shares (Canada) 3/16/2010 Y Symbol Reinstated**
http://www.otcbb.com/asp/dailylist_search.asp?DirectSymbol=RIOAF&OTCBB=ALL
im in this too. this is a great company there sitting on.. well.. a gold mine, literally.
after they pay iamgold off in 2 years theyll be debt free and from the statements made theyve really got the bull by the horns in the negotian.
great company
Latest news: Rio Alto Mining Limited: US$24.25 Million Accessed to Build La Arena Gold Mine
CALGARY, ALBERTA, Apr 20, 2010 Rio Alto Mining Limited is pleased to announce that it has entered into terms for a gold prepayment agreement in the amount of US$24.25 million with a New York-based, private institutional investor. At closing the Company will pay a cash fee of US$750,000 for assistance in arranging the prepayment agreement. Net proceeds from the agreement will be used to develop the La Arena gold oxide project in Peru.
Funding under the agreement is subject to completion of legal documentation, regulatory, including the TSX Venture Exchange, approval and conditions precedent typical of a transaction of this nature. Under the terms of the agreement, funds will be placed in escrow upon Rio Alto receiving environmental approval from the Peruvian Ministry of Energy and Mines ("MEM") for development of a 24,000 tonne per day gold oxide mine. Funds will be released from escrow upon receipt of construction permits for the mine development. The Company anticipates receipt of MEM approval in late May or June and receipt of construction permits approximately two months later.
The US$24.25 million is to be repaid by delivery of 36,800 ounces of gold over a forty-month period from first gold production.
Anthony Hawkshaw, CFO, commented that "Committing a small portion of La Arena's expected gold oxide production to fund completion of the mine is significantly less dilutive than funding the mine construction with equity. This gold pre-sale not only represents a less dilutive financing option it also maintains existing shareholders' interest in more than 90 per cent of the expected oxide gold production and preserves their interest in the existing copper/gold resource of approximately 3 billion pounds of copper and 3 million ounces of gold as well as the potential exploration upside from the Company's 21,000 hectares of nearby mining concessions."
This news release contains certain forward-looking information including statements concerning the expected timing of MEM approval and the receipt of construction permits and expected production from the La Arena gold mine. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Rio Alto's disclosure documents on the SEDAR website at www.sedar.com. Rio Alto does not undertake to update any forward-looking information except in accordance with applicable securities laws.
To learn more about Rio Alto Mining Limited, please visit: www.rioaltomining.com. Technical information relating to La Arena project contained in this news release is derived from the technical report (the "Report") entitled "La Arena Project, Peru Technical Report" dated March 31, 2008. The Report was prepared in accordance with NI 43-101 and a copy is available under Rio Alto's SEDAR profile at www.sedar.com.
ON BEHALF OF THE BOARD OF RIO ALTO MINING LIMITED
Anthony Hawkshaw, Chief Financial Officer
SOURCE: Rio Alto Mining Limited
CONTACT: Rio Alto Mining Limited
Feisal Somji
President & CEO
403.236.5089
403.398.0693 (FAX)
feisals@rioaltomining.com
Rio Alto Mining Limited
Alejandra Gomez
Investor Relations
604.628.1401
866.393.4493 (FAX)
alejandrag@rioaltomining.com
www.rioaltomining.com
Copyright (C) 2010 Marketwire. All rights reserved.
-0-
INDUSTRY KEYWORD: Manufacturing and Production/Mining and Metals
SUBJECT CODE: BUSINESS CONTRACTS
Followers
|
8
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
44
|
Created
|
04/28/10
|
Type
|
Free
|
Moderators |
Contact:
Rio Alto Mining Limited
Feisal Somji
President & CEO
403.236.5089
403.398.0693 (FAX)
feisals@rioaltomining.com
Rio Alto Mining Limited
Alejandra Gomez
Investor Relations
604.628.1401
866.393.4493 (FAX)
alejandrag@rioaltomining.com
www.rioaltomining.com
Share structure:
Outstanding Shares: 93,106,883 as of Mar 25, 2010 => 118,543,075 as of Aug 10, 2010
Authorized Shares: Unlimited
Float(shares): 70,000,000 as of Mar 25, 2010
Latest news:
The plan is intended to provide the board and the shareholders sufficient time to assess and evaluate any offer for shares of Rio Alto, which might at any time in the future be made, and, where appropriate, to enable the board to explore and develop alternatives to maximize value to shareholders.
In implementing the plan, the board declared the distribution of one right for each Rio Alto common share outstanding at the close of business on August 26, 2010. Also, one right will be issued with respect to each common share of Rio Alto issued after August 26, 2010. The rights trade with and are represented by Rio Alto's common share certificates. Rights certificates will not be distributed to shareholders and the rights do not become exercisable or separable unless one or more specified events occur.
If a person, or group acting in concert (an “acquiring person or group”), acquires 20 per cent or more of the common shares of Rio Alto, the rights will entitle the holders thereof (other than the acquiring person or group) to purchase shares of Rio Alto at a 50-per-cent discount from the market price at the time. With respect to any person or group acting in concert which held 20 per cent or more of the common shares as at August 26, 2010, any acquisition of an additional 1 per cent or more of the common shares of Rio Alto will also trigger the rights.
The rights are not triggered by a permitted bid, which must be a bid made to all shareholders, must be made in compliance with all applicable securities laws and must meet certain other conditions, including an acceptance period of 60 days. In the event such bid is accepted by shareholders holding at least 50 per cent of the common shares, other than those held on behalf of the bidder, it must thereafter remain open for a further 10-day period.
At any time prior to the rights becoming exercisable, the board may waive the operation of the plan with respect to certain particular events before they occur.
The plan is subject to TSX Venture Exchange approval and requires confirmation by Rio Alto's shareholders within the next six months. If shareholders do not confirm the plan within such time frame, then the plan ceases to be in effect. Rio Alto is not aware of any pending or threatened takeover bid. A copy of the rights plan agreement will be attached as Schedule A to the material change report that Rio Alto will file on SEDAR in respect of the adoption of the rights plan.
The Agreement has a term of twelve months with a 30 day termination clause after the initial 6 months, pursuant to which Mr. Andrews will provide investor relations services to Rio Alto including the development of investor relations strategies relating to advertising programs and investor awareness and fostering broker and analyst interest in Rio Alto’s activities. As compensation for his services, Mr. Andrews will receive a retainer fee of $4,000 USD per month, reimbursement for related expenses and an aggregate of 100,000 options to purchase common shares in the capital of Rio Alto pursuant to the terms of Rio Alto's stock option plan with an exercise price of $0.80 per common share.
To learn more about Rio Alto Mining Limited, please visit: www.rioaltomining.com.
Rio Alto Mining Limited (“Rio Alto”) (TSXV & BVL: RIO, OTCQX: RIOAF, DB Frankfurt: MS2) is pleased to announce that has closed the first tranche of a private placement of common shares for gross proceeds of C$7,510,000 (US$7,270,000). At this closing 10,097,162 common shares were sold at the issue price of $0.75 (US$0.72) per share. One or more additional tranches of the private placement may be completed.
The net proceeds of the private placement will be used by Rio Alto for the development of La Arena Gold Oxide Project and for general corporate purposes. The common shares issued pursuant to the private placement are subject to a statutory resale restriction period of four months and a day expiring on September 20, 2010. The completion of the private placement is subject to final approval from the TSX Venture Exchange.
Rio Alto will pay finders’ fees in connection with the first tranche of the private placement of US$510,000.
Rio Alto plans to bring La Arena Gold Oxide Project into production during 2010 and to use cash flow from production to further develop its assets in Peru. To learn more about Rio Alto, please visit Rio Alto’s website or Rio Alto’s profile on SEDAR at www.sedar.com.
May 03, 2010
Rio Alto Mining Begins Trading on the OTCQX in the US
NEW YORK, May 3, 2010 /PRNewswire via COMTEX/ -- Pink OTC Markets Inc. (OTCQX: PINK), the financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market, today announced that Rio Alto Mining Limited (OTCQX: RIOAF, TSX.V: RIO), a Canadian based resource company, began trading today on OTCQX(R).
Rio Alto Mining began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com.
"We are pleased to welcome Rio Alto Mining to OTCQX," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "Companies that list on OTCQX, like Rio Alto Mining, demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards."
Hodgson Russ LLP will serve as Rio Alto Mining's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on listing requirements.
Rio Alto Mining Limited: US$24.25 Million Accessed to Build La Arena Gold Mine
CALGARY, ALBERTA, Apr 20, 2010 (Marketwire via COMTEX) -- Rio Alto Mining Limited ("Rio Alto") (TSX VENTURE:RIO)(BVLAC:RIO)(DBFrankfurt:MS2) is pleased to announce that it has entered into terms for a gold prepayment agreement in the amount of US$24.25 million with a New York-based, private institutional investor. At closing the Company will pay a cash fee of US$750,000 for assistance in arranging the prepayment agreement. Net proceeds from the agreement will be used to develop the La Arena gold oxide project in Peru.
Funding under the agreement is subject to completion of legal documentation, regulatory, including the TSX Venture Exchange, approval and conditions precedent typical of a transaction of this nature. Under the terms of the agreement, funds will be placed in escrow upon Rio Alto receiving environmental approval from the Peruvian Ministry of Energy and Mines ("MEM") for development of a 24,000 tonne per day gold oxide mine. Funds will be released from escrow upon receipt of construction permits for the mine development. The Company anticipates receipt of MEM approval in late May or June and receipt of construction permits approximately two months later.
The US$24.25 million is to be repaid by delivery of 36,800 ounces of gold over a forty-month period from first gold production.
Anthony Hawkshaw, CFO, commented that "Committing a small portion of La Arena's expected gold oxide production to fund completion of the mine is significantly less dilutive than funding the mine construction with equity. This gold pre-sale not only represents a less dilutive financing option it also maintains existing shareholders' interest in more than 90 per cent of the expected oxide gold production and preserves their interest in the existing copper/gold resource of approximately 3 billion pounds of copper and 3 million ounces of gold as well as the potential exploration upside from the Company's 21,000 hectares of nearby mining concessions."
This news release contains certain forward-looking information including statements concerning the expected timing of MEM approval and the receipt of construction permits and expected production from the La Arena gold mine. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Rio Alto's disclosure documents on the SEDAR website at www.sedar.com. Rio Alto does not undertake to update any forward-looking information except in accordance with applicable securities laws.
To learn more about Rio Alto Mining Limited, please visit: www.rioaltomining.com. Technical information relating to La Arena project contained in this news release is derived from the technical report (the "Report") entitled "La Arena Project, Peru Technical Report" dated March 31, 2008. The Report was prepared in accordance with NI 43-101 and a copy is available under Rio Alto's SEDAR profile at www.sedar.com.
ON BEHALF OF THE BOARD OF RIO ALTO MINING LIMITED
Anthony Hawkshaw, Chief Financial Officer
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |