Rio Alto Mining

Rio Alto Mining was a Canadian mining company headquartered in Vancouver that operated in the exploration, development, and production of mineral-resource properties in Latin America. Its principal asset was the La Arena gold mine in Peru's La Libertad Region, which became the company's defining operating asset and source of production. Rio Alto acquired La Arena from IAMGOLD in 2008 for $48 million. The acquisition gave the company control of a developed mineral property that it could advance into production. Rio Alto poured its first gold from La Arena in May 2011, marking the transition from project development to operating gold producer. The mine subsequently became capable of producing more than 200,000 ounces of gold annually, according to the company's Wikipedia account. The company was primarily associated with a single major producing asset rather than a broad portfolio of consumer-facing products or services. Its business model centered on mineral exploration, mine development, and commercial gold production. Operations were concentrated in Latin America, with La Arena in Peru serving as the principal asset identified in available reference material. Rio Alto's independent corporate existence ended in 2015. On February 9, 2015, Tahoe Resources announced a merger agreement with Rio Alto Mining valued at $1.12 billion. The transaction was completed on April 1, 2015, and Rio Alto and its assets were acquired by Tahoe Resources. Following the completion of the transaction, Rio Alto Mining no longer existed as an independent company. Because the available reference material does not identify its founders, executive leadership, stock listing, corporate website, or detailed development portfolio, those fields remain unspecified.

Rio Alto Mining was a Vancouver-based international mining company whose activities covered the exploration, development, and production of mineral-resource properties in Latin America. The company is chiefly remembered for its ownership and operation of the La Arena gold mine in the La Libertad Region of Peru. A major turning point came in 2008, when Rio Alto purchased La Arena from IAMGOLD for $48 million. The transaction gave Rio Alto a principal development asset and placed the Peruvian property at the center of its corporate strategy. Rather than operating as a diversified consumer brand, Rio Alto functioned as a resource company whose value depended on mineral rights, mine construction and development, production performance, and the commercial output of its operating assets. Rio Alto reached production at La Arena in May 2011, when it poured its first gold from operations. La Arena subsequently became a significant gold-producing operation for the company, with annual production exceeding 200,000 ounces. The available reference material does not provide a complete account of the mine's reserves, production costs, expansion plans, exploration program, or other properties, so those aspects cannot be described reliably here. The company's independent history concluded in 2015. Tahoe Resources announced a proposed merger with Rio Alto Mining on February 9, 2015. The announced transaction was valued at $1.12 billion and was intended to combine Tahoe with Rio Alto and its assets. Completion took place on April 1, 2015. After the transaction, Rio Alto Mining no longer existed as a separate company, and its assets were absorbed by Tahoe Resources. The surviving historical identity of Rio Alto Mining is therefore closely tied to the acquisition and development of La Arena, its transition to gold production, and its subsequent acquisition by Tahoe Resources. Available reference material does not identify the company's founder, named executives, stock ticker, detailed corporate ownership before the Tahoe transaction, or an official website.

• 2015

  Tahoe Resources merger announced

  [1]Rio Alto Miningen.wikipedia.org

  Tahoe Resources announced a merger with Rio Alto Mining on February 9 in a transaction valued at $1.12 billion.

• 2015

  Merger completed

  [1]Rio Alto Miningen.wikipedia.org

  The transaction with Tahoe Resources closed on April 1, ending Rio Alto Mining's existence as an independent company.

• 2011

  First gold production at La Arena

  [1]Rio Alto Miningen.wikipedia.org

  The company poured its first gold from operations at La Arena in May 2011.

• 2008

  Acquisition of La Arena

  [1]Rio Alto Miningen.wikipedia.org

  Rio Alto Mining acquired the La Arena property in Peru from IAMGOLD for $48 million.

A Latin American gold producer centered on the development and operation of the La Arena mine in Peru.

• Gold mining operation · 2011

  La Arena gold mine

  La Arena was Rio Alto Mining's principal asset, located in Peru's La Libertad Region. Rio Alto acquired the property from IAMGOLD in 2008, poured its first gold in May 2011, and developed it into the company's main producing operation. Annual gold production from the mine exceeded 200,000 ounces. The asset was acquired by Tahoe Resources when its merger with Rio Alto was completed in 2015.

• 2015

  Merger with Tahoe ResourcesM&A

  Background

  Rio Alto Mining owned the producing La Arena asset and was approached for a corporate combination with Tahoe Resources.

  Action taken

  Tahoe Resources announced a merger with Rio Alto Mining on February 9, 2015. The merger was completed on April 1.

  Aftermath

  Tahoe Resources acquired Rio Alto Mining and its assets, and Rio Alto ceased to exist as an independent company.

  Announced transaction value. $1.12 billion (2015 merger announcement)

  Source

• 2008

  Purchase of La Arena from IAMGOLDM&A

  Background

  Rio Alto needed a principal mineral asset to support its exploration, development, and production strategy in Latin America.

  Action taken

  The company acquired the La Arena property in Peru from IAMGOLD for $48 million.

  Aftermath

  La Arena became Rio Alto's principal asset and later its producing gold mine.

  Acquisition price. $48 million (2008 acquisition)

  Source

1. 1Rio Alto Miningen.wikipedia.org