Key Developments: Allied Nevada Gold Corp (ANV.A)
5.87USD
2:06pm EDT
$-0.40 (-6.38%)
$6.27
$6.27
$6.36
$5.86
184,224
479,121
$41.00
$5.41
Latest Key Developments (Source: Significant Developments)
Allied Nevada Gold Corp Announces Closing Of Bought Deal Financing
Allied Nevada Gold Corp announced that it has closed its previously announced bought deal equity financing (the Financing), with a syndicate of underwriters, led by Dundee Securities Ltd. and including Cormark Securities Inc. In connection with the closing, a total of 14,000,000 shares of common stock of the Company were issued, at a price of $10.75 per share for aggregate gross proceeds of $150,500,000. The Underwriters have the option, exercisable in whole or in part at any time up to 30 days after the closing of the offering, to purchase up to an additional 2,100,000 shares of common stock at a price of $10.75 per share. In the event that the over-allotment option is exercised in its entirety, the aggregate gross proceeds of the offering to the Company will be $173,075,000. The Company intends to use the net proceeds of the offering to fund capital expenditures at its Hycroft Mine and for general corporate purposes. Full Article
Allied Nevada Gold Corp Announces USD150.5 Million Bought Deal Financing
Allied Nevada Gold Corp announced that the Company has entered into an agreement with a syndicate of underwriters, led by Dundee Securities Ltd. and including Cormark Securities Inc. (collectively, the Underwriters), which have agreed to purchase, on a bought deal equity financing basis, 14,000,000 shares of common stock of the Company (the Shares) at a price of USD10.75 per Share, for aggregate gross proceeds to the Company of USD150,500,000. The Underwriters will also have the option, exercisable in whole or in part at any time up to 30 days after the closing of the offering, to purchase up to an additional 2,100,000 Shares at a price of USD10.75 per share to cover over-allotments. In the event that the over-allotment option is exercised in its entirety, the aggregate gross proceeds of the offering to the Company will be USD173,075,000. The Company intends to use the net proceeds of the offering to fund capital expenditures at its Hycroft Mine and for general corporate purposes. Full Article
Allied Nevada Gold Corp Announces Management Change
Allied Nevada Gold Corp announced that effective immediately, Bob Buchan, the Company's current Executive Chairman, will assume the additional positions of President and Chief Executive Officer (CEO), replacing Scott Caldwell as President and CEO. Full Article
Allied Nevada Gold Corp Issues H1, H2 2013 Production Guidance
Allied Nevada Gold Corp announced that the mining rate for the first half of 2013, is expected to average 200,000 tons per day and will increase to average 290,000 tons per day in the second half of 2013. Full Article
Allied Nevada Gold Corp Revises FY 2012 And Long Term Production Guidance
Allied Nevada Gold Corp announced that it expects to maintain production at or above budgeted levels for the remainder of fiscal 2012 and beyond. The Company expects production for fiscal 2012 to be approximately 150,000 ounces of gold and sales for fiscal 2012 of approximately 130,000 ounces of gold. Full Article
Allied Nevada Gold Corp Comments On FY 2013, 2014, 2015 Production Guidance-Conference Call
Allied Nevada Gold Corp announced that for fiscal 2013, it expects production of under 300,000 and for fiscal 2014, if construction goes as planned, it begins commissioning the mill in the fourth quarter of 2014 and production would be something higher than 300,000 ounces and from fiscal 2015 will be full year of production. Full Article
Allied Nevada Gold Corp. Signs Agreement With Yukon-Nevada Gold Corp To Process Hycroft Loaded Carbon
Allied Nevada Gold Corp. announced that it has entered into an arrangement with Yukon-Nevada Gold Corp. to process Hycroft gold and silver laden carbon in Yukon-Nevada's carbon plant at the Jerritt Canyon milling facility located in Elko County, Nevada. The terms of the agreement are in-line with previous arrangements Allied Nevada had with other offsite processing facilities. At the end of April 2012, Hycroft had 162 tons of carbon containing approximately 13,300 ounces of gold and 36,900 ounces of silver. Hycroft expects to ship the first lot of carbon in early June. Under the terms of the arrangement, in the initial 90-120 days following signing of the agreement all of the carbon in inventory at Hycroft is expected to be processed. After this initial period, between 15 and 30 tons per month may be processed. Hycroft generates approximately 15 to 20 tons of carbon per month. Full Article
Allied Nevada Gold Corp Comments On Production Guidance-Conference Call
Allied Nevada Gold Corp announced that it expects second quarter of 2012 to be higher than first quarter of 2012 on a production and more importantly, on an ounces sold basis. Full Article
Allied Nevada Gold Corp Reaffirms FY 2012 Production Guidance-Conference Call
Allied Nevada Gold Corp announced that it expects to achieve production and cost guidance for fiscal 2012 that provided earlier in the year, broad range for guidance 180,000 to 220,000 ounces. Full Article
Allied Nevada Gold Corp. Announces Appointment of Steven Jones As Executive Vice President and Chief Financial Officer
Allied Nevada Gold Corp. announced that Steven Jones has joined the Company as Executive Vice President and Chief Financial Officer, effective immediately. Full Article
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