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Stock Market & Financial Investment News

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November 28, 2012
08:52 EDTANVAllied Nevada Gold reports Q4 operations at Hycroft mine
Allied Nevada Gold reported on Q4 operational developments to date at Hycroft. Mining rates have continued to exceed design expectations. Through November 26th, the company has placed 4.5M tons of ore containing an estimated 29,500 ounces of recoverable gold and mined at an average strip ratio of 0.30:1. The average waste to ore ratio in 4 to date of 0.39:1 has been well below the life of mine average. Solution stacking continues to improve solution grades with a 23% increase in current solution grades being processed compared with the beginning of October.
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April 8, 2014
14:51 EDTANVAllied Nevada Gold achieves Q1 production and sales targets
Allied Nevada Gold reports that Q1 production and sales targets were achieved at its wholly owned Hycroft mine in Nevada. Preliminary first quarter 2014 production and sales were as follows: 60,114 ounces of gold produced, 412,506 ounces of silver produced, 59,470 ounces of gold sold, 406,234 ounces of silver sold. "Overall, we continue to see improved operational performance at Hycroft," commented CEO Randy Buffington. "Our silver to gold ratio improved steadily through the second half of 2013 to date as we increased the percentage of our metal produced as dore. We look forward to the benefits that the crusher is expected to bring us in the second quarter with increased recoveries for both metals, which we believe should result in a further increase of the silver to gold ratio."

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