Rio Alto says gold output from Peru mine rose 47 pct in Q1
LIMA, April 7
LIMA, April 7 (Reuters) - Canadian miner Rio Alto Mining Ltd said on Monday that gold production from its La Arena mine in northern Peru rose 47 percent in the first quarter compared to the same period a year ago.
Rio Alto Mining said in a statement that while output in the first quarter was higher than forecast, it still expects to produce between 200,000 to 220,000 ounces of gold this year from La Arena after producing 214,742 ounces in 2013.
The company produced 53,463 ounces of gold in the first three months of 2014 compared to the 36,355 ounces in the first quarter of 2013.
Peru is the world's sixth biggest gold exporter. (Reporting By Patricia Velez; Editing by Grant McCool)