Hycroft Mining is pleased to provide an update on corporate and development activities related to its wholly owned Hycroft Mine located near Winnemucca, Nevada. • The successful operation of the Mill Demonstration Plant for transition and sulfide material has substantiated the milling process and resulted in improved mine economics • Encouraging results of initial sulfide heap leach testing, leads Company to [...]
Hycroft Mining announces that upon application to the Ontario Securities Commission, as principal regulator, and the securities regulatory authority or regulator in each of British Columbia, Alberta, Saskatchewan, Manitoba, Québec, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador and receipt of a favorable decision it is no longer a reporting issuer in Canada. Thus, Hycroft ceases to [...]
Hycroft Mining is pleased to provide a business update. Since emergence from bankruptcy, we have recapitalized our balance sheet and continue to make progress across a wide range of initiatives to create shareholder value. In particular, we are focused on providing viable alternatives for the production of our more than 25 million ounces of gold equivalent sulfide resources1 at our Hycroft mine. Randy Buffington, CEO [...]
Hycroft Mining is pleased to announce that, effective October 22, 2015, it has completed its financial restructuring process and has emerged from Chapter 11. On October 8, 2015, with the support of the Company's debt holders and creditors, the Company's Plan of Reorganization was approved by the United States Bankruptcy Court for the District of Delaware.
Allied Nevada Gold announces that it has suspended mining operations, effective immediately, to maximize cash flow and minimize spending through the remainder of its chapter 11 process. The Company will continue to process and produce gold and silver through the operation of the heap leach pads and Merrill-Crowe processing plants. Inventory on the heap leach pads at June 30, 2015 was approximately 260,000 recoverable [...]
Allied Nevada Gold announces that the United States Bankruptcy Court for the District of Delaware has approved the sale of Allied Nevada's exploration properties and related assets to Clover Nevada LLC, a wholly-owned subsidiary of Waterton Precious Metals Fund II Cayman. The Acquired Assets consist of 75 mineral exploration properties and assets encompassing approximately 165,000 acres of land in the State of Nevada. The [...]
Allied Nevada Gold reports on the fatality of an employee that occurred today at its Hycroft mine located west of Winnemucca. We are working with local, State and Federal authorities including the U.S. Mine Safety and Health Administration to investigate the accident. We have suspended mining operations at this time and will cooperate fully with the investigation. Our thoughts and prayers are with the family of the [...]
Allied Nevada Gold – Further to TSX Bulletin 2015-0215 dated March 10, 2015, TSX has determined to delist the common shares (Symbol: ANV) of the Company at the close of business on April 16, 2015 for failure to meet the continued listing requirements of TSX. The common shares will remain suspended from trading. About TMX Group (TSX:X) TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for [...]
Allied Nevada Gold received a notice on March 10, 2015, from the NYSE MKT LLC indicating that the NYSE MKT had suspended the Company's common stock from trading immediately and determined to commence proceedings to delist the Company's common stock pursuant to Section 1003(c)(iii) of the NYSE MKT LLC Company Guide. The NYSE MKT's determination was based on the previously disclosed chapter 11 bankruptcy filings of the [...]
DELISTING REVIEW Allied Nevada Gold Corp. – TSX is reviewing the common shares of the Company with respect to meeting the requirements for continued listing pursuant to the Expedited Review Process. The common shares are suspended from trading immediately. TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto [...]
Allied Nevada Gold announced an agreement with certain holders of its 8.75% senior unsecured notes due 2019 and its secured bank lenders to effect a reduction in the Company's funded debt obligations and provide the Company with additional liquidity. In order to implement this financial restructuring, Allied Nevada and certain of its domestic direct and indirect subsidiaries filed voluntary petitions for relief under [...]
Allied Nevada Gold provides full year preliminary production and sales for 2014 and an update on the status of the mill expansion financing process. In 2014, we increased production by 12% for gold and more than doubled the silver production compared with 2013. Full year 2014 production and sales, as compared with 2013, were as follows:
+1200,00 %
-91,67 %
