Allied Nevada Gold's (NYSEMKT:ANV) recent quarter was a major letdown for investors - and the drop in share price reflected this disappointment. The company's production numbers were in-line with Q1FY13, but since that quarter was a poor performance quarter this was not cheered by investors. Additionally, it is becoming clearer that the company's liquidity situation is a bit stretched and that is limiting ANV's development options for operations (including the cancelling of construction of its mill).
It is not all doom and gloom for ANV, and if management can hit its heap-leach forecasts of 225,000 ounces of gold and 2.8 million ounces of silver for 2014 onwards without increasing true all-in costs, then this company may yet...
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