RENO, NEVADA--(Marketwired - Aug 6, 2013) - Allied Nevada Gold Corp. ("Allied Nevada" or the "Company") (ANV.TO)(NYSE MKT:ANV) is pleased to announce that Stephen A. Lang has joined the Board of Directors, effective immediately. Mr. Lang is a Mining Engineer with over 30 years of experience in operations and project development worldwide. He has managed a number of large operations, including Newmont Gold Corporation's Twin Creeks Mine and Barrick Gold Corporation's Goldstrike Mine, both located in Nevada.
"Steve has a very strong technical background in mining operations and project development with a remarkable track record and a deep understanding of the challenges we are facing as an industry," commented Randy Buffington, President & CEO of Allied Nevada. "The Board is comprised of experienced individuals with complementary skills and I believe Steve adds a new dimension to the leadership of Allied Nevada. His knowledge and depth of operating expertise will be critical as we develop the future of Hycroft and the Company."
Mr. Lang holds a Master of Science in Mining Engineering from the University of Missouri-Rolla. He has held a number of senior executive positions for companies such as Centerra Gold Inc., Stillwater Mining Company, Barrick Gold Corporation and Rio Algom Limited. He is currently Chairman of Centerra Gold Inc.
Cautionary Statement Regarding Forward Looking Information
This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934 (and the equivalent under Canadian securities laws) and the Private Securities Litigation Reform Act, that are intended to be covered by the safe harbor created by such sections. Statements that are not historical fact are forward-looking statements. Forward-looking statements can be identified by, among other things, the use of forward-looking language, such as the words "plan," "believe," "expect," "anticipate," "intend," "estimate," "project," "may," "will," "would," "could," "should," "seeks," or "scheduled to," or other similar words, or the negative of these terms or other variations of these terms or comparable language, or by discussion of strategy or intentions. Such forward-looking statements include, without limitation, statements regarding delays in processing gold and silver; the potential for confirming, upgrading and expanding gold and silver mineralized material at Hycroft; reserve and resource estimates and the timing of the release of updated estimates; estimates of gold and silver grades; anticipated costs, project economics, the realization of expansion and construction activities and the timing thereof and other statements that are not historical facts. Forward-looking statements address activities, events or developments that Allied Nevada expects or anticipates will or may occur in the future, and are based on current expectations and assumptions.
Although Allied Nevada management believes that its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, among others, risks that Allied Nevada's exploration and property advancement efforts will not be successful; risks relating to fluctuations in the price of gold and silver; the inherently hazardous nature of mining-related activities; uncertainties concerning reserve and resource estimates; uncertainties relating to obtaining approvals and permits from governmental regulatory authorities; and availability and timing of capital for financing the Company's exploration and development activities, including the uncertainty of being able to raise capital on favorable terms or at all; as well as those factors discussed in Allied Nevada's filings with the U.S. Securities and Exchange Commission (the "SEC") including Allied Nevada's latest Annual Report on Form 10-K and its other SEC filings (and Canadian filings) including, without limitation, its latest Quarterly Report on Form 10-Q (which may be secured from us, either directly or from our website at www.alliednevada.com or at the SEC website www.sec.gov). The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.