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.