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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.
News For ANV From The Last 14 Days
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October 15, 2014
17:35 EDTANVAllied Nevada Gold reports preliminary Q3 gold production 49,630 oz
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17:25 EDTANVAllied Nevada Gold provides summary of Hycroft mill expansion feasibility study
Allied Nevada Gold is pleased to provide a summary of the Hycroft mill expansion feasibility study results, completed by M3 Engineering and Technology in association with the Company. M3 developed the process flow sheet, capital cost estimate, operating cost estimate and financial model, while Allied Nevada developed the heap leach metrics, taxes, mineral reserves and mine plan. The feasibility study assumptions are largely the same as in the prefeasibility study issued in May, and continue to assume a two-phase construction plan for the mill expansion. A summary of the significant changes from prefeasibility to feasibility are highlighted below. Consistent with the prefeasibility study, the base case metal price assumptions of $1,300 per ounce gold and $21.67 per ounce silver have been utilized in the feasibility study. The feasibility is presented on a January 1, 2015, go-forward basis and the comparative prefeasibility results have been adjusted to reflect the same start time. The company intends to file a National Instrument 43-101 Technical Report within the 45-day regulatory timeframe.The capital has increased to $1.39B, up $66M, primarily resulting from the following: the change in construction of two 120kV power lines to one 345kV line to ensure reliable power availability; additional conveyors and crushed ore storage for the crushing/pre-crush and pebble crushing circuits; increased site general costs and confirmation of geotechnical analysis on required earthworks; and increased sizing for the thickener tanks. These increases were partially offset by a decrease in contingency reflecting the improved confidence level of the capital estimate with 88% of the estimated equipment capital costs now associated with vendor quotes.

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