Alio Gold Inc. reported earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported metal revenues of $26,233,000 against $27,069,000 a year ago. Net loss from operations was $106,000 against earnings of $7,751,000 a year ago. Net earnings were $3,284,000 or $0.05 per basic share against $3,512,000 or $0.10 per basic share a year ago. The decrease was primarily a result of lower earnings from operations. Cash flows used in operating activities were $8,290,000 against cash flow generated from operating activities of $2,772,000 a year ago. The decrease was primarily due to a reduction in trade payables and an increase in income taxes paid.

For the six months, the company reported metal revenues of $49,571,000 against $59,375,000 a year ago. Net earnings from operations were $3,545,000 against $17,531,000 a year ago. Net earnings were $6,514,000 or $0.12 per basic share against $9,554,000 or $0.27 per basic share a year ago. Cash flows used in operating activities were $10,116,000 against cash flow generated from operating activities of $12,515,000 a year ago.

For the second quarter, the company reported produced 19,190 ounces of gold at an all-in sustaining cost of $1,314 per ounce.