{"id":710371,"date":"2010-04-06T15:00:00","date_gmt":"2010-04-06T19:00:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:419474"},"modified":"2010-04-06T15:00:00","modified_gmt":"2010-04-06T19:00:00","slug":"allied-nevadas-price-target-raised","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/710371","title":{"rendered":"Allied Nevada&#8217;s price target raised"},"content":{"rendered":"<p>Shares in <a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=ANV&amp;id=17698986\" >Allied Nevada Gold Corp.<\/a> are expected to get a boost now that the company has sped up implementation plans at its wholly-owned Hycroft<br \/>\nmine in Nevada. <\/p>\n<p>Brian Christie, a Desjardins Securities analyst, raised his price target on Allied Nevada to US$20.75 from US$18 after the company announced an optimized oxide production plan and a sulphide scoping study that would significantly increase production at Hycroft. Mr. Christie also maintained his Buy rating. &nbsp; <\/p>\n<p>&quot;We view the new mining plan as a positive development for Allied Nevada,&quot; he said in a note to clients. &quot;Although the estimated cash costs are higher than we were anticipating, we believe the company will benefit from front-loading its production at Hycroft during peak years for the gold price.&quot; <\/p>\n<p>As a result of its accelerated oxide mining plan, average annual gold<br \/>\nproduction is expected to increase to approximately 250,000 ounces by<br \/>\n2012, with the peak years producing in excess of 300,000 ounces in 2013<br \/>\nand 2014. Average annual silver production is expected to be in excess<br \/>\nof 1 million ounces. <\/p>\n<p>Cost of sales per ounce of gold sold, assuming<br \/>\nsilver as a byproduct credit, is expected to average between US$425 and<br \/>\nUS$450 per ounce. <\/p>\n<p>In addition, the sulfide scoping study shows expected average annual production of<br \/>\n275,000 ounces of gold and 6.5 million ounces of silver.<\/p>\n<p><a href=\"mailto:dpett@nationalpost.com%20\">David Pett <\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=419474\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares in Allied Nevada Gold Corp. are expected to get a boost now that the company has sped up implementation plans at its wholly-owned Hycroft mine in Nevada. Brian Christie, a Desjardins Securities analyst, raised his price target on Allied Nevada to US$20.75 from US$18 after the company announced an optimized oxide production plan and [&hellip;]<\/p>\n","protected":false},"author":2571,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-710371","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2YNB","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/710371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/2571"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=710371"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/710371\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=710371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=710371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=710371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}