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Stock Market & Financial Investment News

News Breaks
January 14, 2014
07:46 EDTANVChina Gold Stone makes $7.50 per share cash tender offer for Allied Nevada Gold
China Gold Stone Mining Development announced that they have commenced a cash tender offer for all of the outstanding shares of common stock, and related stock purchase rights, of Allied Nevada Gold. Tendering shareholders will be paid $7.50 per share in cash. The Tender Offer and Consent Solicitation will expire at midnight, New York City time, on January 24, unless extended or earlier terminated. This Tender Offer is subject to a number of conditions that are set forth in the Offer to Purchase, including, without limitation, (i) the consummation of acquirer due diligence, (ii) the receipt of the required consents and (iii) the execution and delivery of a definitive agreements, China Gold Stone said.
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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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