Alio Gold Inc. (TSX, NYSE AMERICAN: ALO) (“Alio Gold” or the “Company”) today reported its fourth quarter and year end 2019 results. Announced the sale of the San Francisco Mine to Magna Gold Corp. (“Magna Gold”) on March 6, 2020. Florida Canyon Q4 2019 operational metrics significantly improved, achieving record quarterly processing rates, and the lowest total per tonne operating cost since acquiring the mine.
While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the third quarter and hedging or reducing many of […]
Alio Gold Inc. (TSX, NYSE AMERICAN: ALO) (“Alio Gold” or the “Company”), announces that it has entered into a definitive share purchase agreement (the “Agreement”) to sell its wholly-owned subsidiary, Molimentales del Noroeste S.A. de C.V. (“Molimentales”), which owns a 100% interest in the San Francisco mine (“San Francisco” or the “Mine”) and the surrounding mineral concessions to Magna Gold Corp. (TSXV: MGR, OTCQB: MGLQF) (“Magna”) (the “Transaction”). Under the terms of the Agreement, Alio Gold will receive 9,740,000 shares of Magna upon closing of the Transaction, representing approximately 19.9% of the issued and outstanding shares of Magna, and an additional $5 million in cash within twelve months of closing of the Transaction.
(all in US$ unless otherwise noted) VANCOUVER, British Columbia, Nov. 22, 2019 -- Alio Gold Inc. (TSX, NYSE AMERICAN: ALO) (“Alio Gold” or the “Company”), is pleased to.
The big shareholder groups in Alio Gold Inc. (TSE:ALO) have power over the company. Generally speaking, as a company...
Alio Gold Inc. (TSX, NYSE AMERICAN: ALO) (“Alio Gold” or the “Company”), has completed the previously announced sale of the San Francisco Mine to Magna Gold Corp. (“Magna”). Under the terms of the agreement a subsidiary of Alio Gold, Timmins GoldCorp Mexico S.A. de C.V. (“Timmins”), a company organized under the laws of Mexico, has received 9,740,000 common shares (the “Consideration Shares”) of Magna and will receive $5 million in cash (or a 1% NSR royalty in respect of the San Francisco Mine, if the cash payment is not made by Magna) within twelve months.
Argonaut Gold Inc. (“Argonaut” or “Argonaut Gold”) (AR.TO) and Alio Gold Inc. (“Alio” or “Alio Gold”) (TSX, NYSE-A: ALO) are pleased to announce that they have entered into a definitive agreement for an at-market merger (the “Arrangement Agreement”) whereby Argonaut will acquire all of the issued and outstanding shares of Alio (the “Transaction”). Under the terms of the Arrangement Agreement, all of the Alio issued and outstanding common shares will be exchanged on the basis of 0.67 of an Argonaut common share per each Alio common share (the “Exchange Ratio”).
Argonaut Gold Inc. (“Argonaut” or “Argonaut Gold”) (AR.TO) and Alio Gold Inc. (“Alio” or “Alio Gold”) (TSX, NYSE-A: ALO) are pleased to announce that Institutional Shareholder Services Inc. (“ISS”), an independent proxy advisory firm that provides voting recommendations to shareholders, has issued positive reviews of the proposed merger announced on March 30, 2020. ISS recommends that both Argonaut and Alio shareholders vote in favour of the resolutions to be voted on at the special meeting of shareholders to be held on May 20, 2020. Argonaut and Alio shareholders of record at the close of business on March 30, 2020 and April 14, 2020 respectively are eligible to vote their common shares.
Alio Gold Inc. (TSX, NYSE AMERICAN: ALO) (“Alio Gold” or the “Company”) today reported its second quarter 2019 results. Cash used in operating activities was $0.4 million. “The second quarter came in lower than expected primarily as a result of lower production at the Florida Canyon Mine resulting from low equipment availability of the aged mine fleet,” said Mark Backens, President and CEO.
Argonaut Gold Inc. (“Argonaut” or “Argonaut Gold”) (AR.TO) and Alio Gold Inc. (“Alio” or “Alio Gold”) (TSX, NYSE-A: ALO) would like to remind shareholders and certain securityholders (in the case of Alio) that they have until 11:30 a.m. (Eastern time) or 8:30 a.m. (Pacific time) on Friday May 15, 2020 to vote their shares or securities by proxy at the companies’ respective upcoming Annual and Special Meetings. Each of the Argonaut Gold and Alio Gold Board of Directors has unanimously recommended that the shareholders and certain securityholders (in the case of Alio) of their respective companies vote FOR each of the proposed resolutions to be considered at their respective Annual and Special Meetings.
Alio Gold Inc. (TSX, NYSE AMERICAN: ALO) (“Alio Gold” or the “Company”) today announces that it has signed and closed a three-year, $15 million loan facility (the “Facility”) with Sprott Private Resource Lending II (Collector), LP (“Sprott”) to fund construction of the new Phase II leach pad at Florida Canyon. “This represents another positive step towards achieving our plan for Florida Canyon,” said Mark Backens, President and CEO of Alio Gold. In conjunction with closing of the Loan Facility, Alio Gold has issued 1,286,228 shares to Sprott.
Argonaut Gold Inc. (“Argonaut” or “Argonaut Gold”) (AR.TO) and Alio Gold Inc. (“Alio” or “Alio Gold”) (TSX, NYSE-A: ALO) have filed the joint management information circular and related meeting materials in connection with their respective special meetings of securityholders (the “Meetings”) to be held on May 20, 2020. The purpose of the Meetings is to seek approval for a number of matters, including the proposed friendly, at-market merger announced on March 30, 2020, whereby Argonaut and Alio will combine to create a diversified intermediate producer in North America. Under the terms of the Arrangement Agreement, all of the Alio issued and outstanding common shares will be exchanged on the basis of 0.67 of an Argonaut common share per each Alio common share (the “Exchange Ratio”).
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...
Argonaut Gold Inc. (“Argonaut” or “Argonaut Gold”) (AR.TO) and Alio Gold Inc. (“Alio” or “Alio Gold”) (TSX, NYSE-A: ALO) are pleased to announce that Argonaut shareholders and shareholders and certain securityholders of Alio approved all matters voted on at their respective annual general and special meetings held earlier today, including approving the transaction announced on March 30, 2020 to combine companies, creating a diversified, North American intermediate gold producer. The merger with Alio was approved by 99.81% of the votes cast by Argonaut shareholders, with shareholders holding 106,837,086 shares or 59.13% of the outstanding shares of Argonaut present in person or represented by proxy at the meeting.
Alio Gold Inc. (TSX, NYSE AMERICAN: ALO) (“Alio Gold” or the “Company”) today reported its third quarter 2019 results. “In the third quarter, the Company was challenged by the continued low overall equipment availability of the aged mine fleet at the Florida Canyon Mine. “Heading into the fourth quarter we are expecting to see increased mined tonnage, which will set the stage for improved production and cash generation in 2020.
Alio Gold Inc. (TSX, NYSE AMERICAN: ALO) (“Alio Gold” or the “Company”), announces 2020 production and cost guidance. * Cash costs at San Francisco include approximately $16 million of estimated and allocated inventory costs. With San Francisco now in residual leach, activities at Ana Paula curtailed, and corporate expenses greatly reduced, we are very well positioned to deliver for all our stakeholders.
Alio Gold Inc. (TSX, NYSE AMERICAN: ALO) (“Alio Gold” or the “Company”), announces the signing of lease agreements for the acquisition of new loading and hauling equipment at the Florida Canyon Mine (“Florida Canyon”). The fleet is comprised of thirteen 90-tonne haul trucks and three matched front-end loaders. A maintenance and services contract has also been signed that provides guaranteed mechanical availability of the new fleet and encompasses all required maintenance activities over the life of the lease agreement. The lease agreements and accompanying maintenance contract are for an approximate five-year term, depending on the actual hours of operation, after which the equipment can be purchased for approximately US$2 million.
Alio Gold Inc. (TSE:ALO) shareholders should be happy to see the share price up 29% in the last quarter. But that...
Alio Gold Inc. (ALO) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Argonaut Gold Inc. (“Argonaut” or “Argonaut Gold”) (AR.TO) and Alio Gold Inc. (“Alio” or “Alio Gold”) (TSX, NYSE-A: ALO) are pleased to announce that Glass, Lewis & Co. (“Glass Lewis”), an independent proxy advisory firm that provides voting recommendations to shareholders, has issued positive reviews of the proposed merger announced on March 30, 2020. Leading proxy advisory firms, Glass Lewis and Institutional Shareholder Services Inc. (ISS) both recommend that Argonaut and Alio shareholders vote in favour of the resolutions to be voted on at the special meetings of shareholders to be held on May 20, 2020.