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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