Allied Nevada +5% premarket on record 2013 production, 2014 guidance


Allied Nevada (ANV) +4.9% premarket says it achieved record sales and production in Q4 and FY 2013, due to a significant increase in the mining rate during 2013 and the Q4 start-up of the new Merrill-Crowe plant.

Gold and silver sales in 2014 are expected to increase to 230K-250K oz. of gold and 1.7M-2M oz. of silver; adjusted cash costs for gold are expected at $825-$850/oz.

Capital expenditures in 2014 are expected to decrease significantly, with non-expansion capex of less than $15M.

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Comments (4)
  • a alto
    , contributor
    Comments (345) | Send Message
     
    These guys got thier act together , two straight quarters of record gold and silver production . Hang on for the ride .
    9 Jan 2014, 09:15 AM Reply Like
  • wrscomncents
    , contributor
    Comments (1051) | Send Message
     
    I agree. Here's an article on the news.

     

    http://bit.ly/1aiGW6r
    9 Jan 2014, 10:22 AM Reply Like
  • wrscomncents
    , contributor
    Comments (1051) | Send Message
     
    After this report Zacks comes out with a downgrade on the stock. They must have had a big short position on ANV.
    9 Jan 2014, 03:47 PM Reply Like
  • d.chavo
    , contributor
    Comments (123) | Send Message
     
    This company is way undervalued. Management is doing a good job operational wise, but they need to increase shareholder value ASAP!! I can't believe theres no activist shareholders making noise with the board. Even Goldman Sachs owns about 510,000 shares as of Oct.1st. Sooner or later this will pop!
    10 Jan 2014, 02:44 AM Reply Like
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