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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.
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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