11/26/2014 - 11:36 AM EST - Allied Nevada Gold Corp. : has developed an optimized approach to the planned construction sequence for the Hycroft mill expansion. With the completion of the Hycroft mill expansion feasibility study entitled "NI 43-101 Technical Report, Mill Expansion Feasibility Study, Winnemucca, Nevada, USA" and dated November 3, in October, 2014, the company directed its focus to the first phase of the mill expansion with the goal of maintaining the throughput rate of the initial phase of the mill construction while minimizing upfront capital requirements. The capital re-sequencing and optimization exercise indicates that the company can begin operation of the first line of the mill for a capital outlay of approximately $768 million, a reduction of 18% from phase one costs that were shown in the feasibility study of approximately $934.5 million. Allied Nevada Gold Corp.
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