ANV: Allied Nevada Gold Corp Instablogs

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Friday, May 17, 3:22 PM Gold miners (GDX -3.2%) take another beating as gold continues to lose its allure amid disclosures of reduced bets by hedge funds, a World Gold Council report showing gold demand at a three-year low, and a surging dollar. For the miners, it's an ugly world of lower production, higher costs and falling prices. At least nine miners hit 52-week lows: NEM -3%, GG -2.7%, AUY -4.8%, HMY -6.3%, AU -2.5%, BVN -1.1%, ANV -7.4%, NG -2.7%, GSS -5.8%. 18 Comments [Commodities, On the Move]
Wednesday, May 15, 6:06 PM John Paulson, whose hedge fund is the single biggest owner of the SPDR Gold Trust (GLD), maintained a 21.8M-share position even as the value of its holdings fell ~$165M in the latest quarter. But all that remains of his Barrick Gold (ABX) holdings is 36K call options vs. 915K shares at the end of 2012. Other positions in miners AU, NG, AEM, IAG and ANV were unchanged or modestly changed. 7 Comments [Commodities]
Wednesday, May 15, 12:45 PM Midday top 10 gainers: MFLR +64%. CHCI +33%. NYNY +24%. GPRC +24%. EVK +22%. DVR +21%. DQ +19%. GBR +19%. MRIN +17%. INSM +17%.
Midday top 10 losers: HOTR -16%. XONE -12%. CALI -11%. CSC -10%. UAMY -10%. PRMW -10%. IIJI -9%. ANV -9%. OCLS -9%. CHLN -9%. 1 Comment [On the Move]
Wednesday, May 15, 11:50 AM Seth Klarman added two new positions to Baupost in Q1, with Elan (ELN) now 3.5% of his portfolio and DirecTV (DTV) 0.38%. He added to already major positions in BP, AIG, ROVI, and IDIX, and completely sold out of GNW, and ANV. 1 Comment
Wednesday, May 1, 3:22 PM 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. Comment! [Commodities, On the Move]
Tuesday, April 30, 12:46 PM Midday top 10 gainers: TTHI +45%. PTIE +26%. DRRX +26%. MTOR +23%. MGAM +20%. OIS +16%. GIB +14%. HGSH +15%. ARWR +13%. TXRH +13%.
Midday top 10 losers: DCTH -44%. AVEO -26%. NUAN -18%. AOSL -18%. PBI -16%. AEIS -13%. MSTR -10%. ANV -10%. ELTK -10%. SYN -10%. Comment! [On the Move]
Tuesday, April 30, 11:32 AM 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. 5 Comments [Commodities, Earnings, On the Move]
Monday, April 15, 7:00 PM The list of 52-week lows reached today is littered with miners and resource names: ABX, ACI, AG, AKS, ANV, AU, AUQ, AUY, CDE, CLF, CVE, EGO, EXK, EXXI, FCX, FNV, FST, GFI, GG, GOLD, HL, HMY, IAG, IPI, KGC, MHR, MT, MTL, NEM, NFX, NG, NGD, NOG, PAAS, PWE, RGLD, RIC, SA, SAND, SGY, SSRI, SVM, TCK, TGB, TRQ, WLT, WTI, X. 5 Comments [Commodities, Energy]
Friday, April 12, 5:53 PM After-hours top gainers, as of 5:15 p.m.: PLCM +4%. WLK +4%. IM +4%. ANV +4%. RES +4%.
After-hours top losers: USLV -4%. PTIE -3%. HOLX -3%. ARP -2%. RSH -2%. Comment! [On the Move]
Tuesday, April 9, 2:57 PM On a rare good day for mining stocks, Allied Nevada (ANV +29.3%) is surging after saying it's on track to meet six-month production guidance of 90K-100K oz. of gold; it sold 27.2K oz. of gold and 174K oz. of silver in Q1. ANV also expects to complete the expansion of its Hycroft mine on schedule, and without exceeding its $1.2B budget. Comment! [Commodities, On the Move]
Wednesday, April 3, 5:35 PM After-hours top gainers, as of 5:15 p.m.: CCG +8%. ANV +5%. AVEO +4%. GFI +3%. VALE +2%.
After-hours top losers: SFUN -6%. IMUC -3%. CPWR -3%. LSE -3%. ROC -2%. Comment! [On the Move]
Thursday, March 28, 6:15 PM Allied Nevada (ANV) Chairman and Canadian mining legend Bob Buchan is taking over as CEO, effectively ending his semi-retirement. ANV's recent performance - shares are down nearly 60% in six months as it has struggled to ramp up production at its Hycroft mine in Nevada - apparently convinced him and the rest of the board that he should take a more active role. Comment! [Commodities]
Monday, February 25, 7:05 AM Allied Nevada Gold (ANV): FY12 EPS of $0.53 misses by $0.04. Revenue of $214.6M (+41% Y/Y) misses by $10M. (PR) Comment! [Earnings, Commodities]
Friday, February 22, 1:13 PM Allied Nevada Gold (ANV -6%) plumbs a new 52-week low after revising expected 10-year annual gold production at its Hycroft mine to 552K ounces from 582K. Average production cost is $146/oz. SA Pro author Thomas Lott - not a gold bug - likes the stock, particularly since Allied's size makes it far more likely to be an acquiree than an acquirer. 1 Comment [Commodities, On the Move]
Friday, January 18, 2:17 PM Allied Nevada (ANV -3.9%) says it achieved record gold production of nearly 47K oz. in Q4, up 55% Q/Q, and expects FY 2013 production of 225K-250K oz. But Q4 production fell short of guidance due to slower-than-expected leach kinetics from Bay pit material placed on leach pads in Q3-Q4, and extremely cold and wet weather in December. Comment! [Commodities, On the Move]
Monday, November 5, 2012, 7:13 AM Allied Nevada (ANV): Q3 EPS of $0.15 misses by $0.02. Revenue of $64.8M (+30.6% Y/Y) misses by $8M. (PR) Comment! [Earnings]

ANV Allied Nevada Gold Corp

ANV

Allied Nevada Gold Corp