9604 PROTOTYPE COURT
RENO
Nevada
USA,
89521
Phone: +1 775 358-4455
Fax: +1 720 554-7911
|
Company SummaryAllied Nevada Reactivates Hycroft Mine: Initial gold and silver production from the run-of-mine, heap leach property was announced in the fourth quarter of 2008 at Hycroft. Company NewsThursday, November 05, 2009 Allied Nevada Gold Corp. reported its financial and operating results for the three and nine months ended September 30, 2009. Allied Nevada reported its first positive quarterly earnings in the third quarter with net income of US$5.1 million ($0.08 per share) for the third quarter of 2009 compared with a net loss of $9.7 million ($0.17 per share) for the same period in 2008. Year to date, the Company recorded a net loss of US$9.3 million ($0.15 per share), compared with US$26.5 million ($0.51 per share) for the same period in 2008. Record revenue from gold sales of 20,620 ounces and 27,963 ounces were US$19.7 million and US$26.6 million for the three and nine months ended September 30, 2009, respectively, at average realized gold prices of US$955 per ounce for the third quarter of 2009, $950 per ounce year to date. Cost of sales per gold ounce sold (excluding depreciation and amortization) declined in the third quarter to $364 with year to date cost of sales per gold ounce of US$397. The Hycroft mine poured its first gold on December 7, 2008 and completed its first full year of operations in the third quarter of 2009. News ReleasesThursday, November 05, 2009 Wednesday, November 04, 2009 Thursday, September 10, 2009 Thursday, September 03, 2009
Map Legend: Producer Past Producer  Development  Exploration
|