Allied Nevada Gold Corp Acheives Record Production and Sales in 2012

Allied Nevada Gold Corp. (TSX:ANV, AMEX:ANV, NYSE:ANV) reported operating and financial results for the year ended December 31, 2012.

As quoted in the press release:

Record production and sales were achieved in 2012. Production from Hycroft in 2012 of 136,930 ounces of gold and 794,097 ounces of silver was 32% and 66% higher than 2011 production results, respectively. Sales of 114,705 ounces of gold and 696,144 ounces of silver surpassed 2011 sales by 30% and 87%, respectively.

Allied Nevada President and CEO, Scott Caldwell, said:

As with any company growing as quickly as Allied Nevada, we experienced some successes as well as some disappointments this past year. With the additions to the mining fleet and the completion of the Lewis leach pad, we were able to increase our tons placed on the leach pads by 77%. Since more than 40% of the ounces were placed on the pad in the fourth quarter, we are well positioned to achieve our 2013 guidance.

To view the whole press release, click here.