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Allied keeps close eye on cash position

3 March 2014

Despite record gold and silver production for 2013, Allied Nevada Gold Corp of Reno continues to be plagued by liquidity problems. The company headquartered in South Meadows sold 181,941 ounces of gold and 858,073 ounces of silver last year from its flagship Hycroft mine 54 miles west of Winnemucca, which is 33 and 41 percent more precious metals sold than the previous year, respectively. However, the company ended the year with just $1.4 million in profit after recording profit of $47.7 million in 2012. Allied Nevada reported total revenue for the quarter ended Dec. 31 of $82.9 million and a …..  Read More on the Northern Nevada Business Weekly.