NYSEAM:ANV - Post by User
Post by
goldguy007on Aug 04, 2014 7:29pm
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Post# 22808231
ANV Reports Earnings Improvement--Beats Expectations
ANV Reports Earnings Improvement--Beats ExpectationsAllied Nevada +2% after Q2 earnings beat, maintains 2014 production outlook
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Allied Nevada Gold (NYSEMKT:ANV) +2% AH after Q2 earnings beat analyst expectations and revenues rose 41% Y/Y.
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Q2 gold sales of 57,050 oz. and silver sales of 474,832 oz. represented respective Y/Y increases of 37% and 225%.
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Maintains original projections for FY 2014 production and sales of 230K-250K oz. of gold and 1.7M-2M oz. of silver.
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Q2 adjusted cash costs of $806/oz. was in line with expectations; but are seen rising to $825-$850 for H2 primarily due to a higher anticipated strip ratio as waste is removed to open new areas of ore for 2015
NEWS RELEASE
https://www.alliednevada.com/wp-content/uploads/08-04-14-Q2-2014-Results.pdf