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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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