Allied Nevada Gold Corp Announces Updated Plans for Hycroft Mine

Allied Nevada Gold Corp. (TSX:ANV, AMEX:ANV, NYSE:ANV) provided a summary of the updated mine plan and economics for their Hycroft Mine in Nevada.

As quoted in the press release:

The revised mine plan supports a 19-year operating life and exploits the current Proven & Probable Mineral Reserves of 11.9 million ounces of gold and 509.6 million ounces of silver (1.1 billion tons grading 0.011 opt gold and 0.46 opt silver)2. The following operating metrics are presented for the 10-year horizon that spans the projected start of milling operations in 2015 to the last full year of mining in 2024.

To view the whole press release, click here.