Allied Nevada Gold Corp. TICKER: NYSE.A:ANV;TSX:ANV 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.
"I can't say enough good things about this company. While it may seem like an expensive stock, I do not view it as such because of its enormous upside potential. Moreover, it is proving to be a very profitable operation in the early stages of its production. Plus, its huge silver deposit, which is one of the largest in the world, is not getting priced into this operation in my view. Fair enough for now, because only about 10% of the silver content is being recovered in the leach pads. However, when/if the company builds a mill, it's looking like 70% or more of the silver will be recovered and that may make the deeper sulfide part of this project more economic than the surface oxides. . .All I'm trying to say is that I personally love this company. I'm looking for a shakeout in the equity markets to get a chance to buy more of this stock."
Brent Cook, Exploration Insights
(07/25/10)
"I spent the week bouncing around the Western U.S. visiting gold properties and various management groups. . .of most immediate interest to investors betting on a rising gold price is Allied Nevada. Allied's share price has done exceptionally well since its spinout from Vista Gold, and a large part of the company’s success is due to President Scott Caldwell and his team. The other reason for the company's success is, of course, the Hycroft gold deposit in Nevada. Allied is very leveraged to the gold price; if you are of the opinion that gold is headed higher in USD terms, ANV should be on your list.
What impresses me is the size and strength of the gold/silver system and the potential economics of this deposit if things fall into place. Hycroft is a world-class gold deposit currently boasting measured and indicated resources of 7 Moz. gold grading 0.014 opt (.44 g/t), and 184 Moz. silver grading 0.36 opt (11.2 g/t). The inferred resources add another 3.9 Moz. gold and 216 Moz. silver. The company is cash-flow positive through their current mining operation; in fact they are making money, currently producing gold for just under $400/oz. These 'keep-getting-better' deposits are the ones that major mining companies want to own."
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."
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%."
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."
Allied Nevada Gold Corp. 
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