Gold Production in Mexico

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Message: Alio Gold CFO Colette Rustad Resigns

 

2018-08-20 05:14:28 PM ET (MT Newswires)
   
   

05:14 PM EDT, 08/20/2018 (MT Newswires) -- Alio Gold (ALO), a gold mining company, said after markets closed on Monday its chief financial officer Colette Rustad left the company on Aug. 17.

The company said it has appointed Ian Harcus, currently corporate controller, as vice president finance and will lead the finance function for the company.

Also on Monday, the company said it has introduced changes aimed at aligning capability to focus on its operating mines and reduce overhead costs.

The company has earlier unveiled the temporary suspension of exploration and development work at its Ana Paula project and a commitment to focus its efforts and capital allocation on its two operating mines, San Francisco and Florida Canyon.

The company said Paul Hosford, vice president of project development, and the project manager, Terry Murphy, will be leaving the company on Aug. 31.

Alio Gold said it has also taken steps to cut costs at the Ana Paula project site in Mexico while maintaining a level of local employment and community engagement.

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