Allied Nevada Announces Hycroft Mill Expansion Prefeasibility Study Results With 26.5% IRR(1) and $1.7 Billion NPV(1)
On-Site Oxidation and Staged Construction Schedule Reduce Construction and Operating Risks
RENO, NEVADA - Apr 22, 2014 - Allied Nevada Gold Corp. ("Allied Nevada", "we', "us", "our" or the "Company") (ANV.TO)(NYSE MKT:ANV) is pleased to provide a summary of the prefeasibility study results for the Hycroft mill expansion, completed by M3 Engineering and Technology ("M3") in association with the Company. M3 developed the process flow sheet, capital cost estimate, operating cost estimate and financial model, while Allied Nevada developed the mineral reserves and mine plan. The prefeasibility study assumes a two-phase construction plan for the mill expansion. With the successful completion and positive results of the Ambient Alkaline Oxidation ("AAO") pilot plant, we have incorporated the onsite oxidation of the sulfide concentrate into the prefeasibility study, which should allow us to produce doré on-site for sale (as compared with the previous plan of selling concentrate).
- Category: Silver / Gold
- Published: 23 April 2014
- Written by Editor