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

|About: Allied Nevada Gold Corp (ANV)|By:, SA News Editor

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.