IKN

Win us with honest trifles

Rio Alto (RIO.to) (RIOM): Another strong quarter

Here are a few items to chew over:
  • Net profit of $11.909m
  • EPS 7c/share (that implies a forward PE of sub-7X; seriously, how cheap do you need a gold miner to be?)
  • Treasury $54.577m
  • As for cash costs, take your pick (the company discloses in all the ways you prefer): Adjusted operating costs per ounce $651, All-in sustaining cost per ounce $773, All-in cost per ounce $914
So go get your copy from SEDAR, it’s on there now. Meanwhile, we’ll take a good look at the details in IKN261 on Sunday.

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