IKN

Hereditary sloth instructs me

Rio Alto Mining $RIOM (RIO.to) produced 17,199 ounces of gold in August 2014

Add that to the 19,435oz of July and you’re 2/3rds of the way there to the 3q14 quarterly total, just this month of September missing. The data comes from the official filings RIO.to makes to the Peruvian Ministry of Energy and Mining, here*.
There’s this thing about heap/dump leachers, that when you have them running smoothly they tend to start kicking out reasonably predictable and steady results as if on rails. There’s always some slight variation as grade or tonnage moved in a small sample timescale such as one calendar month will never be exactly the same, but the uniformity of numbers since January 2014 from La Arena smacks of a “we have this thing down pat now” operation. So all in all, it’s a fair guess that RIO.to gives us around 55k oz for 3q14, that would be at upper level of annual guidance and that’d be fine by me.
*All you need to do now is get to the right page inside the MEM site. Good luck and enjoy the Spanish practice.

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