Allied Nevada (ANV -11.6%) announces Q1 earnings of $0.10/share, beating consensus of $0.06, and...

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

Allied Nevada (ANV -11.6%) announces Q1 earnings of $0.10/share, beating consensus of $0.06, and a 25% rise in revenues to $49.2M. But shares plunge on a bought-deal purchase of 14M shares of common shares at $10.75 by a syndicate of underwriters; proceeds will be used to fund capex at the Hycroft Mine in Nevada, which is expected to produce 225K-250K oz. of gold in 2013.