Allied Nevada Gold (ANV) Reports Prelim. Q3 Production

Allied Nevada Gold Corp. (NYSE: ANV) reports that third quarter 2014 production and sales targets were achieved at its wholly owned Hycroft mine in Nevada. Preliminary third quarter and year to date 2014 production and sales, as compared with production and sales in the comparative 2013 periods, were as follows:

Three months ended      Nine months ended

                                  September 30,           September 30,

                            ------------------------------------------------

                                    2014        2013        2014        2013

                            ------------------------------------------------



Ounces produced         Gold      49,630      52,198     166,608     129,412

                      Silver     525,942     184,070   1,419,599     504,911



Ounces sold             Gold      52,176      52,713     168,696     121,481

                      Silver     535,407     184,082   1,416,473     505,151

The operation continues to benefit from increased mining capacity and process improvements that have been implemented to the heap leach operation over the last few years. Gold and silver sales were 39% and 180% higher in the first nine months of 2014 when compared with the same period in 2013. The largest contributor to the improvements, specifically silver production and sales, was the increased processing capacity of the new Merrill-Crowe plant which processes the majority of our pregnant solution. In 2013, about 45% of our sales were from carbon columns, which do not extract silver as efficiently as the Merrill-Crowe process, compared to 14% being sold from carbon in the third quarter of 2014. Silver production and sales in the third quarter of 2014 were more than those during the first nine months of 2013.

As anticipated, gold production in the third quarter of 2014 was lower than either of the first two quarters of 2014 as we mined through lower grade ore and waste to open up new mining areas for the 2015 mine plan. We are currently mining in higher grade material and expect to average mined grades of 0.017 ounces per ton of gold for the fourth quarter. We anticipate metal sales for 2014 to be between 220,000 - 230,000 ounces of gold and 1.9 - 2.0 million ounces of silver.

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