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Gold/Mining/Energy : Profitable Gold and Silver Producers -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (81)	2/23/2012 9:04:54 PM
From: loantech	1 Recommendation Read Replies (2) \| Respond to of 104

Allied Nevada Reports Increases to Proven & Probable Mineral Reserves to 12.7 Million Ounces of Gold and 481.9 Million Ounces of Silver Ticker Symbol: C:ANV U:NYSE U:ANV RENO, NEVADA -- (MARKET WIRE) -- 02/23/12 Allied Nevada Gold Corp. ("Allied Nevada" or the "Company") (TSX:ANV)(NYSE Amex:ANV) is pleased that its infill program at Hycroft, along with additional engineering studies, successfully upgraded 2.5 million ounces of gold and 93.3 million ounces of silver to the proven and probable mineral reserve categories. Total proven and probable mineral reserves on December 31, 2011 were 12.7 million ounces of gold and 481.9 million ounces of silver, representing a 24% increase to both gold and silver contained ounces compared with the June 30, 2011(1) reserve estimate. "We have successfully extended the mine life by continuing to focus our efforts on upgrading the resources at Hycroft," comments Scott Caldwell, President and CEO. "In 2012, drilling at Hycroft will be directed towards continuing to develop the current resource area as well as step out targets on the greater Hycroft property. We believe Hycroft is a world-class deposit that will sustain a long-life, low cost production profile with significant regional potential." Measured and indicated mineral resources (exclusive of reserve) at year end 2011 were 8.2 million ounces of gold and 236.9 million ounces of silver, an increase of 21% and 16%, respectively, compared with the June 30, 2011 resource estimate. The metals prices used in estimating resources at December 31, 2011 of $800 per ounce for gold and $14 per ounce for silver did not change from resource estimates in 2010. >>>>> Tyke I will look at SAS but I do not see how these numbers can be ignored regarding ANV it must be a TO target BWDIK.