logo-loader

Allied Nevada produces 1st gold at Hycroft on schedule

Last updated: 04:00 06 Jan 2009 GMT, First published: 05:00 06 Jan 2009 GMT

no_picture_pai

Allied Nevada Gold Corp announced on-schedule first production from its run-of-mine, heap leach property, the Hycroft mine, of approximately  1,000 ounces of gold and 3,000 ounces of silver, a combination of dore and carbon, in December 2008.


The capital phase of the Hycroft reactivation project is complete and mining operations are proceeding very well with run-of-mine ore being released from the Brimstone deposit and placed under leach.


Allied Nevada is now in the start-up phase of operation and expects to attain annualized production rates of approximately 90,000 ounces by July 2009. Over the six-month start up period, production will slowly increase as it continues to leach existing ore and place new ore on the pad, the company added.

FTSE rises ahead of Easter weekend, JD Sport gains on upbeat outlook -...

The FTSE 100 gained on the final morning of this shortened Easter trading week. Festive cheer was limited though, as Thames Water confirmed shareholders would not provide it with a £500 million rescue package, prompting speculation over the London supplier’s future. On a more positive...

9 minutes ago