Contracted mining equipment went to work during the quarter and this equipment will ensure that production and capital development stays on track. A 2.5 million square foot leach pad expansion was completed during the quarter and we are now stacking on the new pad and intend to add solution to that ore in the very near future. This expansion of the leach pad will allow the site to increase tonnage on our leach and resulting in increased metal production.Site personnel began work on the excavation required for the installation of the [gyratory] crusher. Site personnel expects to have the excavation completed in order to begin foundation work during Q3 2012, and the excavation is going very, very well and that’s where the contractor was working last week. The Allied Nevada owner’s team in [floor] are progressing on the engineering required to construct the crushing system and the mill. Engineering is scheduled to be completed as required by equipment deliveries. Environmental permitting continues to proceed well on all fronts. Management expects receipt of all approvals to begin construction of the mill in Q2 2013. And as you’ll recall our future mill is located on private or patented mining claims.
Allied Nevada Gold's CEO Discusses Q1 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.