Transcript HYCROFT RESOURCES & DEVELOPMENT INC. Allied Nevada …

HYCROFT RESOURCES & DEVELOPMENT INC.
Allied Nevada Gold Corp.
Evolving U.S. Gold and Silver Producer
HISTORY & MILESTONES
 Reports positive mill
expansion feasibility study
 Increases reserves to 10.2
mm ozs Au and 388.6 mm
ozs Ag
$3.0
ALLIED NEVADA:
 Allied Nevada
acquires Vista’s
Nevada assets and
the mineral assets
of Carl Pescio
 Completes crossborder financing
for gross proceeds
of US$91.3 million
 Hycroft resource
estimate of 5.2 mm
ozs Au and 75 mm
ozs Ag
 Private
placement
raising US $15.6
million
2008
 Allied Nevada
incoroported
as wholly
owned
subsidiary of
Vista Gold
 Board
approves reopening of
Hycroft Mine
 Equity financing
raising US$67.7
million
2011
 Further increases
reserves to 12.7 mm
oz Au and 481.9 mm
ozs Ag
2010
2009
2007
 Reports doubling of
reserves to 2.4 mm
ozs Au and 32.3
mm ozs Ag
 First gold
production
from Hycroft
 Announces expansion
opportunities for Hycroft
 Completes crossborder financing
for gross proceeds
of US$270.5 million
Market Capitalization (billions)
LOGICAL | RESPONSIBLE | GROWTH | VALUE
2012
 Allied Nevada
becomes publically
traded company
listed on the TSX
and Amex
exchanges
$0.3
2
ALLIED NEVADA:
LOGICAL | RESPONSIBLE | GROWTH | VALUE
Enviable Production Growth Profile: Gold
Hycroft Initial Capital Expenditures (millions)
$220
$270
$374
$325
3
Hycroft: Expansion Progress
•
Mining rate continues to increase with the ongoing implementation of larger mining
equipment
– By year end 2011 the Company had added:
ALLIED NEVADA:
LOGICAL | RESPONSIBLE | GROWTH | VALUE
2 x EX 5500 Hitachi hydraulic shovels (pictured below)
2 x EX 3500 Hitachi hydraulic shovels
7 x 320-ton Komatsu haul trucks (pictured below)
2 x Pit Viper production drills
• Major infrastructure upgrades and increased processing capabilities initiated and/or
completed in 2011
 4-bay truck shop for larger mining equipment (completed)
 Increase pumping capacity to the leach pads
 Increased solution processing capabilities of the Merrill Crowe facility from 5,000 gpm to
8,000 gpm (completed)
 Increased Brimstone leach pad space to 9.1 mm square feet (completed)
 Complete construction of Lewis leach pad for an additional leach pad space of 3.0 mm
square feet (completed in Q1 2012)
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Taxes and Fees
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2011
Property Taxes
Permit Fees
Net Proceeds Tax
Sales Tax
Employer Taxes
$660k
$180k
$2.3M
$5.1M
$1.4M
Total
$8.7M
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2012 Estimate
Property Taxes
$860k
Permit Fees
$180k
Net Proceeds Tax
$6.1M
Sales Tax
$13.8M
Employer Taxes
$1.8M
Total
$22.5M
Workforce
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2008 – 102 Employees
2009 – 157 Employees
2010 – 209 Employees
2011 – 276 Employees
2012 – 370 Employees
2011 Labor Cost $25.4M – 2012 Labor Cost $29.1M
Over 1,500 contractor employees on site in 2011
Hycroft EIS
• Draft EIS is currently in the public
comment phase
• Comment Period Ends March 12th
• The BLM process is about a month
ahead of the original schedule
• Record of Decision in August 2012