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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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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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