Rio Alto Mining Limited (TSX: RIO; BVL: RIO; NYSE: RIOM; Frankfurt: MS2) is a Canadian based resource company focused on the development of the 21,000 ha La Arena gold / copper project, located in north central Peru, the most prolific gold mining district in the country.
The district is home to a number of world class and medium size gold mines including Barrick Gold's Lagunas Norte Mine, 15 km west of La Arena (2011 production: 763,000 ounces of gold ), Newmont's Yanacocha Mine, 100 km to the north (2009 production: 2.1 million ounces of gold), and 10km to the north of the privately owned La Virgen Mine (2010 production: approx 81,000 ounces of gold).
La Arena contains 3.9 million ounces gold and 2.0 billion pounds copper in measured & indicated resources with additional inferred resources of 2.2 million ounces gold and 2.1 billion pounds copper*. First gold production at La Arena occured on May 6th, 2011 and 201,113 ounces of gold were poured in 2012.
Rio Alto is also in the business of acquiring, exploring, and developing gold resources and advanced stage exploration projects in both Peru and Latin America. The Company has assembled a highly experienced team with a proven history of developing, financing, and operating mining projects in Latin America. With a focused strategy towards mine production and development in the short term and an exploration strategy to discover additional mineral resources, Rio Alto is strongly positioned to generate significant value for its shareholders.
*All technical and scientific information included in this website has been taken from the NI 43-101 Technical Report prepared by Kirk Mining Consultants with an effective date of September 30, 2011 and the NI 43-101 the La Arena Project, Peru - Technical Report with effective date of July 31, 2010, prepared by Coffey Mining Pty Ltd. on behalf of Rio Alto Mining Limited or is from supporting documentation provided by Coffey Mining. The disclosure in this website of scientific and technical information regarding Rio Alto's mineral properties, including reserve and resource estimates and the description of the geology has been reviewed by Enrique Garay, a certified professional geologist, employed by Rio Alto as VP of Geology. Mr. Garay is a Qualified Person for the purposes of National Instrument 43-101. These Reports are available on this website under the heading "Investors- Reports and Filings." Readers are encouraged to read the Report in its entirety, including all qualifications, assumptions and exclusions that relate to the scientific and technical information set out in this website. Readers are advised that mineral resources that are not mineral reserves do not have demonstrated economic viability.