ANV Allied Nevada Gold Corp. featured news, full reports, and detailed charts
Allied Nevada Gold Corp. (ANV) Wrap Up:
Allied Nevada Gold Corp. engages in the acquisition, exploration, evaluation, and development of gold projects in Nevada, the United States. It owns interests in the Hycroft Brimstone open pit mine located to the west of Winnemucca, Nevada; Maverick Springs property consisting of 246 claims with approximately 4,920 acres; Mountain View property that comprises 128 claims with approximately 2,560 acres; Hasbrouck property, which consists of 22 patented lode mining claims and 61 unpatented lode claims that cover an area of approximately 1,300 acres; Three Hills project consisting of 15 unpatented lode claims with approximately 201 acres; and Wildcat project consisting of 125 unpatented claims a...Allied Nevada Gold Corp. (ANV:AMEX)
Snapshot of Allied Nevada Gold Corp. (ANV)
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OPEN
$12.06
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PREVIOUS CLOSE
$12.20
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DAY HIGH
$12.19
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DAY LOW
$12.00
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52 WEEK HIGH
11/18/09 - $12.43
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52 WEEK LOW
11/20/08 - $1.88
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MARKET CAP
894.3M
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AVERAGE VOLUME 3 mo
484.9K
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DILUTED EPS TTM
$-1.16
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SHARES OUTSTANDING
73.5M
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ANV Does Not Pay Dividends
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P/E TTM
NM
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ANV Top Compensated Officers
Executives, Board Directors
Key developments for Allied Nevada Gold Corp. (ANV)
Allied Nevada Gold Corp. reported unaudited consolidated earning results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $5,134,000 or $0.08 per basic and diluted share on revenue of $19,997,000 against net loss of $9,747,000 or $0.17 per basic and diluted share for the same period a year ago. Income from operations of $4,640,000 compared to loss from operations of $9,332,000 for the same period a year ago. Net cash provided by operating activities of $1,991,000 compared to net cash used in operating activities of $8,560,000 for the same period a year ago. The company reported capital expenditures of $3,300,000. For the quarter, the company reported net loss of $9,316,000 or $0.15 per basic and diluted share on revenue of $27,015,000 against net loss of $26,474,000 or $0.51 per basic and diluted share for the same period a year ago. Net cash used in operating activities of $20,931,000 compared to $16,182,000 for the same period a year ago. The company reported capital expenditures of $4,300,000. The company reported loss from operations of $3.682 million compared to the loss from operations of $25.723 million for the same period a year ago.
Allied Nevada Gold Corp. expected to Report Fiscal Year 2009 Results on February 1, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).
Allied Nevada Gold Corp., Q3 2009 Earnings Call, Nov-05 2009
ANV Competitors
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Industry Analysis
| Valuation | ANV | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 29.5x |
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| Price/Book | 4.4x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 29.3x |
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ANV transactions
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More Recent News About Allied Nevada Gold Corp.
More news for ANV
Allied Nevada Board Approves Expanded Exploration Program for Hycroft
RENO, NEVADA--(Marketwire - 09/03/09) - Allied Nevada Gold Corp. ("Allied Nevada" or the "Company") (TSX:ANV - News)(AMEX:ANV - News) is pleased to announce that its Board of Directors has approved a $6.4 million enhanced exploration program for 2009, which is an expansion to the previously announced program (see press release dated June 17, 2009 at www.alliednevada.com). The Company will increase the number of drills at Hycroft from one reverse circulation ("R/C") and one diamond drill ("Core") to two R/C drills which will be double-shifted (or work the equivalent of four drills) and two Core drills for total drilling of approximately 40,000 meters in 2009. The exploration program has been designed to upgrade oxide and sulphide resources to the reserve category, further increase the reserve and resource base, provide data and material to aid in advancing optimization programs and completing a feasibility study for sulphide mineralization at Hycroft. For the remainder of 2009, drilling will focus on Vortex zone in...Click here to read the whole Article (external link)
Allied Nevada Announces Development Studies at Hycroft and Provides Corporate Update
RENO, NEVADA--(Marketwire - 09/10/09) - Allied Nevada Gold Corp. ("Allied Nevada" or the "Company") (TSX:ANV - News)(AMEX:ANV - News) is pleased to announce development studies at its Hycroft gold mine located near Winnemucca, Nevada. The Company has completed an internal study aimed at optimizing production levels at Hycroft. The study considered the implementation of a crushing and conveying system and included an analysis of various potential mining rates. The internal study considered crushing high silica content ore at Hycroft to improve gold recovery beyond the current expected average recovery of 56.6%. Historical gold recovery of crushed material from the Crofoot pit at Hycroft suggests that crushing ore may result in gold recoveries of approximately 75%, though further metallurgical testing is required to confirm those recoveries from our proven and probable reserves. This metallurgical testing will also establish expected silver recoveries for crushed ore. Current production of silver from our existing run of mine heap leach indicates that we are recovering approximately 10% of the contained silver.A proposed crushing system would consist of a three-stage crushing and screening plant, overland conveyor...Click here to read the whole Article (external link)
Allied Nevada Third Quarter Results Release and Conference Call Details
RENO, NEVADA--(Marketwire - 11/04/09) - Allied Nevada Gold Corp. ("Allied Nevada" or the "Company") (TSX:ANV - News)(AMEX:ANV - News) will reported its financial and operating results for the three and nine months ended September 30, 2009 on Thursday, November 5, 2009, before market open. In connection with the release, Allied Nevada will host a conference call on Thursday, November 5, 2009 at 10:30 EST to discuss the results of the third quarter, followed by a question and answer session. � To access the call, please dial: Canada & US toll-free - 1-800-814-4861 Outside of Canada & US - 1-416-644-3419 Replay (available until November 12, 2009): Access code: 4181442# Canada & US toll-free - 1-877-289-8525 Outside of Canada & US - 1-416-640-1917 An audio recording of the call will be archived on our website at www.alliednevada.com. ...Click here to read the whole Article (external link)
Allied Nevada Appoints Vice President, Technical Services
RENO, NEVADA--(Marketwire - 10/26/09) - Allied Nevada Gold Corp. ("Allied Nevada" or the "Company") (TSX:ANV - News)(AMEX:ANV - News) is pleased to announce that Scott Anderson has joined the executive team as Vice President, Technical Services with the primary responsibility of managing the detailed engineering study for the potential crushing expansion at its wholly owned Hycroft gold mine located near Winnemucca, Nevada. In addition to general technical service requirements for the Company, Scott will also manage the feasibility study to determine the potential of oxide and sulphide mineralization at Hycroft. Mr. Anderson has over 28 years of global mining experience with a significant technical background and aptitude for mine engineering and development. Mr. Anderson was most recently a consultant, providing technical advice to a range of global mining companies. Prior to this, he held various technical positions with Barrick Gold Corporation, Kinross Gold Corporation and Freeport Indonesia, a division of Freeport McMoRan.Allied Nevada has awarded Mine & Mill Engineering, Inc. ("Mine & Mill") a contract to complete basic engineering including capital and operating cost estimates for its proposed crushing sy...Click here to read the whole Article (external link)
ALLIED NEVADA GOLD CORP. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Show all filings for ALLIED NEVADA GOLD CORP. | Request a Trial to NEW EDGAR Online Pro Form 8-K for ALLIED NEVADA GOLD CORP. 11-Sep-2009Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as ...Click here to read the whole Article (external link)
Q3 2009 ALLIED NEVADA GOLD CORP Earnings Release - Before Market Open
Earnings Announcements for Thursday, November 5CompanySymbolTimeConferenceCall21st Century HoldingTCHC2:00 pm ET3I INFRASTRUCTURE3IN.LBefore Market OpenAbiomed, Inc.ABMDBefore Market OpenListenABOVENET INCABVTAfter Market CloseListenAbraxis BioScience, Inc.ABIIBefore Market OpenListenAccelrys Inc.ACCLAfter Market CloseListenACI Worldwide, Inc.ACIWBefore Market OpenACTIONS SEMICONDUCTOR CO LTDACTSAfter Market CloseActive Biotech ABACTI.STTime Not SuppliedActivision Blizzard, Inc.ATVIAfter Market CloseAdecco SAAHEXF.PK01:00 am ETAinsworth Lumber Company Ltd.ANS.TOAfter Market CloseAir MethodsAIRMAfter Market CloseAker ASAAKERTime Not SuppliedALAMOS GOLD INCAGI.TOBefore Market OpenAlaska Communications Systems GroupALSKAfter Market CloseAlexandria Real Estate...Click here to read the whole Article (external link)
ALLIED NEVADA GOLD CORP. Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIALCONDITION AND RESULTS OF OPERATIONS The following management's discussion and analysis of the consolidated operating results and financial condition of Allied Nevada Gold Corp. ("Allied Nevada") for the three and nine month periods ended September 30, 2009 have been prepared based on information available to us as of November 5, 2009. This discussion should be read in conjunction with the unaudited Condensed Consolidated Financial Statements and notes thereto included herewith and the audited Consolidated Financial Statements of the Company for the year ended December 31, 2008 and the related notes thereto filed with the Company's annual report on Form 10-K, which have been prepared in accordance with generally accepted accounting principles ("GAAP") in the United States. All amounts stated herein are in U.S. dollars, unless otherwise noted. 1. The term "cost of sales per gold ounce" is a non-GAAP financial measure. Please see the section titled Non-GAAP Measures. Production continued to ramp up with approximately 19,000 ounces of gold produced in the third quarter of 2009 and the mine continues to work towards achieving "steady-state" production of approximately 8,300 ounces of gold per month. Third quarter production was adversely affected by the delayed receipt of approval to operate the newly constructed cells of the Brimstone leach pad expansion. Consequently, limited pad space availability resulted in ore being placed on the old area of the pad not receiving the optimal 90-day solution application before having fresh ore stacked on top. Once the newly constructed areas of pad were under leach, flushing of solution through the older areas began to allow proper percolation through the entire heap. We expect that when solution breaks through the material we will begin to see an increase in solution flow rates and grades. While the mine did not achieve p...Click here to read the whole Article (external link)
Allied Nevada Reports Record Revenues and Earnings for The Third Quarter of 2009
RENO, NEVADA--(Marketwire - 11/05/09) - Allied Nevada Gold Corp. ("Allied Nevada" or the "Company") (TSX:ANV - News)(AMEX:ANV - News) is pleased to report its financial and operating results for the three and nine months ended September 30, 2009, including its first quarter of positive earnings in the third quarter of 2009. The results presented in this press release should be read in conjunction with the 10Q (third quarter report) filed with SEDAR and Edgar and posted on the Allied Nevada's website at www.alliednevada.com. The financial results are based on United States GAAP and are expressed in U.S. dollars. Q3 and Year to Date 2009 Highlights:- Allied Nevada reported its first positive quarterly earnings in the third quarter with net income of $5.1 million ($0.08 per share) for the third quarter of 2009 compared with a net loss of $9.7 million ($0.17 per share) for the same period in 2008. Year to date, the Company recorded a net loss of $9.3 million ($0.15 per share), compared with $26.5 million ($0.51...Click here to read the whole Article (external link)
ALLIED NEVADA GOLD CORP. Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue19,997 3,814 3,204 - Cost of Revenue7,804 1,640 2,108 (792)Gross Profit12,193 2,174 1,096 792 Operating ExpensesResearch Development - - - - Selling General and Administrative2,847 4,033 6,520 2,587 Non Recurring3,410 - - 51,104 Others1,296 420 619 1,048 Total Operating Expenses - - - - Operating Income or Loss4,640 (2,279)(6,043)(53,947)Income from Continuing OperationsTotal Other Income/Expenses Net1,115 (4,331)(1,494)831 Earnings Before Interest And Taxes5,755 (6,610)(7,537)(53,116)Interest Expense621 260 43 51 Income Before Tax5,134 (6,870)(7,580)(53,167)Income Tax Expense - - - - Minority Interest - - - - Net Income From Continuing Ops5,134 (6,870)(7,580)(53,167)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - - Other Ite...Click here to read the whole Article (external link)
