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Every why hath a wherefore

Rio Alto Mining $RIOM (RIO.to) produces 19,434 oz gold in July 2014

The first month’s production of 3q14 at Rio Alto (RIOM) (RIO.to) was filed at the Ministery of Energy and Mines (MEM) yesterday evening (though you need to know where to look on that link, start by clicking on the “EstadĂ­stica” button half way down on the left menu, then good luck), with RIO telling its host government that it produced 604,414 grams of gold during July, which is 19,434.53 oz in old money. Here’s a chart:
That puts total production for the first seven months of this year at 126,990 oz at the mine. For what it’s worth, if RIO.to keeps at that monthly average for the last five months of 2014, it’ll end up producing 217,692 oz gold. Therefore I stick a thumb in the air, note the steady acceleration of production we’ve seen during 2014 and best-guess that RIO.to will beat its upper end guidance target of 220,000 ounces for 2014.

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