Topic: How To Invest

Hi Pat: Please give me your opinion on Rio Alto Mining. The stock has moved up lately. Thanks.

Article Excerpt

Rio Alto Mining, $2.60, symbol RIO on Toronto (Shares outstanding: 176.7 million; Market cap: $473.7 million; www.rioaltomining.com), produces gold from its La Arena project in northern Peru. The mine reached commercial production in January 2012. In 2013, its output totalled 214,742 ounces of gold. Rio Alto is moving closer to producing copper from a pit near the La Arena mine, with a recent environmental approval for an 18,000-tonne-per-day open-pit operation. Construction could begin in late 2014 or early 2015, with completion forecast in 2017. The company had cash flow of $0.15 a share in the three months ended September 30, 2013, up from $0.10 a year earlier. Rio Alto Mining is okay for aggressive investors to hold. hold…