DESCRIPTION: Allied Nevada is engaged in the advancement of gold exploration and development projects in Nevada. In September 2007, the company reactivated the wholly-owned Hycroft Mine, which was placed in maintenance in 1998 due to low metal prices. Gold production began in the fourth quarter of 2008 and the mine achieved steady-state production in June 2009.
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
"After bottoming at $17/share in late June, shares of ANV has been on an exciting move higher due mostly to incredible drill results which are significantly adding to reserves.
As investors you can see the leverage this stock has to both higher gold prices and an increase of reserves from drilling. This stock still has a long way to go as gold prices keep heading higher.
ANV is a HOLD at these price levels, but would be a BUY if we were to get a significant pullback because of a potential meltdown II scenario this fall. Just prior to the 2008 meltdown, ANV was trading at $6/share and retreated to the $3. level. Since then, the chart has been magnificent; but I would be a buyer if there was a big pullback. You'll have to decide for yourself at what level the stock would be attractive enough to become a buyer."
Canaccord Capital, Morning Coffee
(08/25/10)
"Looking for new Allies? Newmont Mining has notified Allied Nevada that it has elected not to enter into a JV agreement for the Hasbrouck and Three Hills properties, located near Tonopah, Nevada. ANV will retain 100% ownership in these properties, subject to a 2% net smelter return royalty to Newmont upon attaining commercial production. The Hasbrouck Mountain project is an advanced-stage exploration project where, historically, 151 holes totaling 22,433m have been drilled on the property by various predecessors. . .According to an NI 43-101-compliant technical report dated August 14, 2006, the property hosts an indicated mineral resource of 18.4 Mts. at an average grade of 0.79 g/t Au and 10.97 g/t Ag for 459,000 oz. gold and 6.5 Moz. silver. Hasbrouck. . .is located ~50 miles south of the Round Mountain open-pit mine, a JV between Kinross and Barrick Gold. ANV completed an initial three-core hole program in June of this year with significant intercepts, including: Hole HSB10-001—120m grading 1.57 g/t Au and 36.71 g/t Ag; Hole HSB10-002—123m grading 0.81 g/t Au and 19.25 g/t Ag and Hole HSB10-003—108m grading 0.85 g/t Au and 20.14 g/t Ag. All three holes have encountered gold and silver mineralization, which is higher grade than the average resource grade of 0.79 g/t Au and 10.97 g/t Ag. ANV will begin a 30-hole exploration program at Hasbrouck in September 2010. . .to upgrade and increase the current resource, test the depth of mineralization and provide further samples for metallurgical testing."
Chip Brian, SmarTrend (08/19/10)
"Below are the top-five companies in the gold industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform.
Aurizon Mines ranks first with a gain of 6.72%; Goldcorp ranks second with a gain of 4.43%; and Gammon Gold ranks third with a gain of 3.23%. Allied Nevada Gold follows with a gain of 2.66% and Eldorado Gold rounds out the top-five with a gain of 2.36%. SmarTrend is bullish on shares of ANV and our subscribers were alerted to Buy on August 4, 2010 at $19.04. The stock has risen 11.4% since the alert was issued."
Chip Brian, SmarTrend (08/16/10)
"Below are the top five companies in the gold industry as measured by relative performance. . .Aurizon Mines ranks first with a gain of 2.28%; New Gold ranks second with a gain of 1.09%; and Allied Nevada Gold ranks third with a gain of 0.83%. Agnico-Eagle Mines follows with a loss of 0.19% and IAMGOLD rounds out the top five with a loss of 0.45%."
Adrian Day, Adrian Day's Global Analyst
(08/12/10)
"Allied Nevada announced an increase in its gold resource at Hycroft in Nevada to 8 Moz., with inferred of another nearly 4 Moz. The new mine is on track to meet company forecasts for the year of 100 Koz. production at $400–$450/oz. cost. Operations are going well with the expansion underway. Recoveries are proving better than expected, particularly in silver, for which the deposit had not historically been assayed. So the high-grade silver is proving a bonus on an already robust deposit. Beyond that, the underground sulphides are where the big potential lies, with ongoing tests mostly positive, with a feasibility on schedule for the end of next year."
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