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Additional Information
Market: TSX
Sector: Gold Mining
EPIC: ANV
Latest Price: 25.33  (1.12% Ascending)
52-week High: 44.85
52-week Low: 24.15
Market Cap: 2,277.04M
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Allied Nevada Gold Corp
www.alliednevada.com

Allied Nevada has reactivated the Hycroft Mine and expects to begin gold production in the fourth quarter of 2008, reaching full production capacity in the second quarter of 2009.  Once at full capacity, the Mine will produce approximately 100,000 ounces of gold per year.

Full Allied Nevada Gold Corp profile here
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Allied Nevada Gold to Increase Production by 25% in 2011

11th Jan 2011, 7:21 pm
Allied Nevada Gold to Increase Production by 25% in 2011

Allied Nevada Gold (TSX: ANV, NYSE AMEX: ANV) said Tuesday it sold more gold than expected in 2010 and expects to boost production by more than 25% in 2011.

In 2010, the company sold 102,000 ounces gold, beating its own expectations of 100,000 ounces.  It said it expects to sell between 125,000 ounces to 135,000 ounces in 2011 at an expected cost of $460‐$490 per ounce.
At its Hycroft mine near Winnemucca, Nevada, the company said it anticipates mining approximately 40 million tonnes of material, including 22 million tonnes of ore at average grades of 0.47 g/t gold.  The silver to gold production ratio is expected to be 2.5 ounces of silver for each ounce of gold.

"Our plans for 2011 include advancing the Hycroft oxide operation as we approach our goal of producing over 250,000 ounces of gold per year by 2012 and completing the feasibility study for the Hycroft milling project," said CEO Scott Caldwell.

Although, production is expected to be weaker in the first half of 2011 and increase through the remainder of the year, the company said.

Allied anticipates spending about $18 million in exploration expenses in 2011, as it is aims to finish a preliminary economic assessment for its Hasbrouck property by early this year.

Updated resource estimates for both Hycroft and Hasbrouck are expected in February, the company said.

As of 3:44 pm EST on Tuesday, the company's shares rallied 2.4% to trade at $25.85.

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