Allied Nevada Reports Preliminary Q1 Sales of 21,241 Ounces of Gold and 59,383 Ounces of Silver, In-Line With Expectation

Allied Nevada Gold Corp. ANV announces preliminary operating results for the first quarter of 2011 for its wholly owned Hycroft mine, located near Winnemucca, Nevada. The mine produced 20,718 ounces of gold and 61,751 ounces of silver in the first quarter of 2011, in-line with expectation. Per previously stated guidance, production is expected to strengthen throughout 2011 as the impact of implementing the accelerated mining plan begins to take effect. First quarter 2011 sales were slightly better than planned with 21,241 ounces of gold and 59,383 ounces of silver sold. The mine reported no safety or environmental incidents in the first quarter of 2011.