VANCOUVER, BRITISH COLUMBIA--(Marketwire - Mar 28, 2013) - Rio Alto Mining Limited ("Rio Alto") (TSX:RIO)(LMA:RIO)(NYSE:RIOM)(DBFrankfurt:MS2) announces that for 2012 net income amounted to $100.4 million or $0.58 per share and that cash flow from operating activities was $97.6 million.
Anthony Hawkshaw, Chief Financial Officer and Director, remarked that, "Earnings of $100 million and operating cash flow of $98 million is a remarkable achievement for the Company's first year of commercial production. This achievement sets a benchmark for the current year. The Board of Directors expresses its appreciation to everyone involved with the mine operations and the support staff for their dedication and hard work. This result would not have been possible without everyone's contribution."
ON BEHALF OF THE BOARD OF
RIO ALTO MINING LIMITED
Anthony Hawkshaw, CFO & Director