Denver Gold Group > Member Company Profile > Allied Nevada Gold Corp.


Address

9790 Gateway Drive, Suite 200
Reno, NV 89521
United States


Value Drivers

  • Production growth at Hycroft
  • Operating growth strategy - Hasbrouck
  • Resource growth potential at Hycroft and Hasbrouck
  • Exploration potential at other Nevada properties

Management

Chairman: Robert Buchan
CEO/President/MD: Scott Caldwell
CFO: Hal Kirby
Other Key Staff: David Flint - VP Exploration
Tracey Thom - VP Investor Relations

IR Contact

Tracey Thom
775-853-4455

www.alliednevada.com


Cautionary Information

© Copyright 2012, Denver Gold Group & Allied Nevada Gold Corp..

Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use. Certain information contained in this profile, including any information as to strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "will", "anticipate", "contemplate", "target", "plan", "continue", "budget", "may", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of the Company to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; changes in the worldwide price of commodities and energy inputs; fluctuations in currency markets; changes in global and national interest rates; risks arising from holding derivative instruments; the ability of the Company to complete or successfully integrate an announced acquisition proposal; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; employee relations; availability and costs associated with mining inputs and the construction of capital projects; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves; changes in costs and estimates associated with the Company’s projects; adverse changes in the Company's credit rating, level of indebtedness and liquidity, contests over title to properties, particularly title to undeveloped properties; the risks involved in the exploration, development and mining business, including, without limitation, environmental hazards. Certain of these factors are discussed in greater detail in the Company's most recent regulatory filings with various national securities and other authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

Last Updated: January 27, 2012

Allied Nevada Gold Corp.

New York Stock Exchange : ANV


Status: Producer
Primary Mineral: Gold
Secondary Mineral: Silver
Primary Country of Operation: United States

Allied Nevada is a US-based gold mining and exploration company, which operates its wholly owned Hycroft gold mine located near Winnemucca, Nevada. The Company also owns more than 100 advanced and early stage exploration properties located throughout the State of Nevada. The Company's focus is on internal growth strategies, including the development of the Hycroft mine from a run-of-mine heap leach operation to a world-class, large-scale heap leach a milling operation. This will be accomplished through a logically staged growth plan involving the acceleration of the current mining rate for the heap leach operation, nearly tripling 2009 production by 2012. Following that, the Company's ultamite goal at Hycroft is to construct a milling operating. The Company is following up the positive results of its 2010/11 scoping studies with a feasibility study, expected the third quarter of 2011.

Beyond Hycroft, the Company has developed exploration programs at a number of its advanced exploration properties. A drill program was completed in 2010 at the Hasbrouck project, located near Tonopah, Nevada, with encouraging results. Drilling in early 2011 resulted in the discovery of high-grade mineralization, namely the Saddle Zone, with follow-up drilling identifying other high-grade zones.The Company intends to complete a preliminary economic assessment for Hasbrouck with the goal of expanding our production portfolio.


Annual Production
Gold, koz per year
GEOs: No 

Annual Proven & Probable Reserves
Gold, Moz per year
Mineral Authority: SEC7, GEOs: No 

All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.


Other Markets Traded On

ANV:CA


Top Shareholders

  • Royce & Company
  • Goodman & Company
  • Carl Pescio
  • Sentry Investments
  • Vanguard Group

Capital Structure

Common Shares Outstanding: 88,940,646
Float (%): 90
Warrants Outstanding: 0
Options Outstanding: 870,929
Fully Diluted Shares: 89,811,575

Stock as of February 17, 2012

  Local: USD USD
Stock Price: 32.37 32.37
52-Week Range: 45.90 - 28.53 45.90 - 28.53
Market Cap: 2,879 MM 2,879 MM
Fully Diluted Market Cap: 2,907 MM 2,907 MM
1-Year Return: 7.649%