This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Allied Nevada Gold's CEO Discusses Q1 2012 Results - Earnings Call Transcript

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.

Presently we have two exploration drills working at Hycroft. The primary focus of these drills is combination drilling to the north. This area is required for future dump and leach pad construction. Upon completion of the drilling required for the engineering the drills will move on to an infield program designed to convert waste internal to the current $800 feasibility kit into oil reserves. If this infield program is successful oil reserves will increase and the waste ton [ten] strip ratio will decline associated with the $800 pit.

Our Board of Directors recently approved a modest regional exploration program. Work is scheduled to resume in Hasbrouck/Three Hills later in the year. This program is designed to expand the mineral resource of the district. Management plans to begin drilling at Wildcat during the quarter. Wildcat is located about 20 miles southwest of Hycroft. Field work will begin on the company’s Pony Creek property and nearby claims. The Pony Creek claim block is approximately 60 square miles and is located near the [Rain] deposit that was mined by Newmont a few years ago.

Read the rest of this transcript for free on

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.19 -1.04%
FB $118.06 0.54%
GOOG $695.81 0.50%
TSLA $222.56 -4.20%
YHOO $35.97 -0.11%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs