Business Summary
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Allied Nevada Gold Corp. (Allied Nevada) is a gold producer, which operates the Hycroft Mine and has a large number of exploration claims in the State of Nevada. At May 15, 2009, Allied Nevada had proven and probable mineral reserves of 1.1 million ounces of gold and an aggregate land position of approximately 386 square miles (621 square kilometers). The Company operates in three segments: Hycroft Mine, Exploration Properties, and other. The Hycroft Mine operating segment contains the exploration and operational activities at its wholly-owned Hycroft mine located in Nevada. The exploration properties segment contains the exploration and development activities on the remaining mineral properties owned by the Company. The other operating segment primarily contains the corporate overhead functions of the Company.
| | (Source: 10-K)
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