Gold Production Expected To Double At Hycroft Mine

摘要

Allied Nevada Gold Corp. reported preliminary operating results for 2011 and guidance for 2012. Production from the Hycroft mine located in Humboldt County, Nevada for 2011 was 104,000 ounces of gold and 479,440 ounces of silver. Gold production was in-line with previously stated guidance for 2011 of approximately 100,000 ounces. The silver to gold ounce production ratio of 4.6:1 was significantly above the expected 3:1 ratio. Adjusted cash cost of approximately 490 dollars per ounce for 2011 was in-line with previously stated guidance.