NEVADA – Reno-based Allied Nevada Gold has revised its plans to expand the mill at its Hycroft gold mine 90 km west of Winnemucca. Originally intended to reach 130,000 t/d in 2015, the company has decided on a phased approach. The plant will reach 75,000 t/d in 2004 and will double its throughput at a later date.
Allied Nevada expects that, once engineering is optimized, initial capital costs will be lower. The plan includes initially processing only higher grade oxide and transition ore through the mill, leaching that ore on site and only producing sulfide concentrate as per demand. A number of options for onsite beneficiation of that concentrate are under consideration.
Meanwhile the heap leach expansion is well underway, and the company expects to complete the crusher, north leach pad and new Merrill-Crowe plant yet this year.
With construction in mind, Allied Nevada announced a US$150.5 million bought deal financing. It consists of issuing 14 million common shares at a price of US$10.75 per share. An over-allotment is possible.
An excellent gallery of images from the Hycroft project are posted at AlliedNevada.com.