Alio Gold (ALO)

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Production of 25,863 gold ounces for Q2!

Highlights of production report:
1.) The Company achieved production of 25,863 gold ounces for the quarter. (Silver produced 14,884 oz.)
2.) Realized Gold Price $1,232 (Q2) v. $1,161 (Q1)
3.) Gold ounces produced this quarter increased by 13% over the same period last year. Production for the quarter exceeded expectation due to the pit yielding more tonnes at a higher grade with a lower strip ratio than plan.
4.) The Company is evaluating various mine plans for the continuation of operations beyond 2016," stated Mark Backens, Interim CEO. "Given the current gold price the prospects to extend mine life at acceptable operating margins at San Francisco are good."
5.) During the quarter the Company successfully repaid its secured debt to creditors Sprott Resource Lending Partnership and Goldcorp Inc. for $10.2 million and to the Lundin Group for C$2.0 million and thereby removing all security on our assets."

GLTA.