Allied Nevada Gold Corp (NYSEMKT:ANV) On Track

Posted by Kristi Scott October 14, 2013 0 Comment 1824 views

Allied Nevada Gold Corp (NYSEMKT:ANV) announced that it has now achieved its metal-production as well as sales projections in the 2013 Q3. The Hycroft mine produced 52,198 ounces gold which was a record and 184,070 ounces silver in the 2013 Q3. The company sold 52,713 ounces of gold as well as 184,082 ounces silver, which was also a record. The company announced that they feel that they are on the right path to achieve the 2013 full-year sales and production guidance. Allied Nevada Gold Corp (NYSEMKT:ANV) expects to sell 175,000 – 200,000 ounces gold and 0.9 million – 1.M ounces silver in 2013.

Friday’s trading

In Friday’s trading, Allied Nevada Gold Corp (NYSEMKT:ANV) dropped by 3.54%. The opening shares opened at a price of $4.15, which rose to an intraday high of $4.17 and dropped to close at $4.09. Approximately 4.07M shares were traded on Friday while an average volume of 5.99 million shares were traded over a period of 30 days. The 52-week low of Allied Nevada Gold Corp (NYSEMKT:ANV) shares is $3.54 and its 52-week high is $41.02. The company has a market capitalization of $425.14 million.

About the company

Allied Nevada Gold Corp (NYSEMKT:ANV) is a company that produces gold & silver. It focuses on areas such as mining, developing, and exploring various properties in Nevada. The Hycroft Mine is the company’s operating-mine. This is the open-pit gold & silver heap leach operation that is located 54 miles to the west of Winnemucca, in Nevada. In the year ended 31 December 2012, this mine produced 136,930 ounces gold and 794,097 ounces silver.

In addition to this mine, Allied Nevada Gold Corp (NYSEMKT:ANV) has 6 properties. These mines have reported other mineralized-material and around 90 other early-stage exploration properties. Its segments include 1) Hycroft Mine, 2) Exploration, and 3) Corporate and Other. The Hycroft Mine segment is inclusive of operations, developing, and exploring activities at Hycroft.

About Kristi Scott

Kristi Scott joined GDP Insider in 2005 as a Wall Street reporter for the Business and Market section. Kristi covers the stock market, financial markets and personal finance. Her awards have come from the National Federation of Professional Writers, the Ohio Newspaper Association, the Cleveland Press Club, the Society of Professional Journalists and Suburban Newspapers of America. Kristi was named SNA's national Journalist of the Year

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