ANV: Q410 Results and 2011 Outlook

MICHAEL GRAY, Macquarie Research (02/28/2011)
"Outlook of 120–130 Koz. gold sales in 2011: Allied Nevada has provided 2011 mining plan guidance that involves a YOY 60% increase in the amount of material that will be moved at Hycroft (ore and waste), including a 141% increase in the amount of ore mined. We maintain our Outperform recommendation of Allied Nevada and target price of CAD$34."

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