Allied Nevada (ANV -8.4%) slumps to a 52-week low a day after announcing a review of plans to...

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

Allied Nevada (ANV -8.4%) slumps to a 52-week low a day after announcing a review of plans to complete an expansion of its Hycroft Mill gold mine and a potential phased construction of an ore-processing plant. BMO cuts its price target to $10.50 from $18 due to the negative impact on NPV of lower metal prices, increasing cash costs and equity financing dilution.