Monday, October 27, 2014

Allied Nevada Gold Corp. - ANV.t

Allied Nevada Gold Corp. - ANV.t is a US-based gold mining and exploration company, operating the 100% owned Hycroft gold mine located near Winnemucca, Nevada.

The Company also owns more than 100 advanced stage exploration properties located throughout the State of Nevada.

On October 15, 2014 the company released NEWS

Allied Nevada Gold Corp. (TSX: ANV; NYSE MKT: ANV) is pleased to provide a summary of the Hycroft mill expansion feasibility study results, completed by M3 Engineering and Technology (“M3”) 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, 2014, 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. We intend to file a National Instrument 43-101 Technical Report within the 45-day regulatory timeframe.