Allied Nevada Reports 12-percent Rise in Gold Output

Allied Nevada Gold Corp. (TSX:ANV,NYSEMKT:ANV) announced preliminary production and sales results for 2014, noting that it increased its gold production by 12 percent and doubled its silver output compared to 2013.

As quoted in the press release:

The increase in gold and silver production in 2014 resulted primarily from the higher mining rate year-over-year and the resultant additional ore tons placed on the leach pads, together with the increased processing capacity of the North Merrill-Crowe plant. The North Merrill-Crowe plant was also a significant contributor to the more than doubling in silver production and sales as it is much more efficient at recovering silver from process solution than the carbon columns.

We anticipate 2015 operating results to be very similar to 2014 in terms of production and sales, with our focus continuing to be on improving mining efficiencies and costs. We expect to provide more details on our 2015 guidance at the end of February, along with our 2014 financial results.

Click here to read the full Allied Nevada Gold Corp. (TSX:ANV,NYSEMKT:ANV) press release.