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Allied Nevada is a US-based gold mining and exploration company, which operates it’s wholly owned open pit Hycroft Mine, located near Winnemucca, Nevada. The Company also owns a number of advanced and early-stage exploration properties located throughout the State of Nevada.
Recent Sector News
December 13 will be a red letter day for the management and staff of Serabi Gold as it marks the switch-on of the group’s Palito plant in Brazil’s Tapajós region.
An upbeat Jeff Rayner believes KEFI Minerals has acquired a “fantastic project” in the Tulu Kapi gold property in Ethiopia. “It has two million ounces at very good grades in open cut resource, with higher grades occurring at depth, but not included in that resource," the company's MD said.
Saudi-Arabia focused KEFI Minerals has agreed to acquire 75% of Nyota Minerals, owner of the Tulu Kapi gold licence in Ethiopia, in a cash and shares deal worth £4.5mln.
Even on the most negative assessment of prospects, the current share price makes a mockery of Minera’s potential. Analysts point out it values the company’s resource base at less than US$12 an ounce in the ground.
Orosur Mining has lifted production guidance and lowered cash cost outlook for fiscal 2014 on the back of operational improvements at the San Gregorio mine in Uruguay.
Directors are slowly regaining their appetite for stock in the companies they run, according to research by Deutsche Bank.
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