Day: August 20, 2018

Alio Gold Inc, today reports changes aimed at aligning capability to focus on its operating mines and reduce overhead costs. Recently, the Company announced 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 is aligning its capability to support these efforts. As a result, Paul Hosford, Vice President of Project Development, and the Project Manager, Terry Murphy, will be leaving the Company on August 31, 2018. The Company has also taken steps to reduce costs at the Ana Paula project site in Mexico while maintaining a level of local employment and community engagement.

“Listing on the NYSE American is an important milestone for SilverCrest at a time when our Company is having exploration success developing the Las Chispas Project in Sonora, Mexico. We are confident the listing will create even greater exposure among institutional and retail investors,” said N. Eric Fier, CEO of SilverCrest.