ANV's Hycroft Continues to Grow

Adrian Day's Global Analyst (08/12/2010)
"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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