Image: Florida Canyon mine. Alio Gold
Investment Thesis
The Canadian-based Alio Gold (ALO) - formerly known as Timmins Gold - is a small mid-tier gold and silver producer which was operating two mines in Mexico and Nevada, US. Recently, Alio Gold entered into a transaction with Magna in which he sold San Francisco mine. Also, the company owns one development project in Guerrero, Mexico, called Ana Paula and one exploration project called Ejutla.
Note: Alio Gold and Rye Patch Gold merged on March 25, 2018.
The investment thesis is quite simple with this