Allied Nevada Gold Corp. (NYSEMKT:ANV) Investor Investigation Concerning Potential Securities Laws Violations

If you purchased shares of Allied Nevada Gold Corp. (NYSEMKT:ANV), you have certain options and you should contact the Shareholders Foundation, Inc.

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Company Name(s): 
Allied Nevada Gold
Affected Securities: 
NYSEMKT: ANV

March 27, 2014 (Shareholders Foundation) - An investigation on behalf of investors of Allied Nevada Gold Corp. (NYSEMKT:ANV) shares over potential securities laws violations by Allied Nevada Gold and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Allied Nevada Gold Corp. (NYSEMKT:ANV) concerning whether a series of statements by Allied Nevada Gold regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Shares of Allied Nevada Gold Corp. (NYSEMKT:ANV) declined from $39.45 per share in October 2012 to $5.43 per share in July 2013. Then on August 6, 2013, Allied Nevada Gold Corp. reported its second quarter 2013 results. Allied Nevada Gold Corp. said that its production costs had soared, and would continue to do so. Furthermore, Allied Nevada Gold Corp. stated it would indefinitely suspend its planned expansion at the Hycroft mine. Shares of Allied Nevada Gold Corp. (NYSEMKT:ANV) declined to $3.73 per share on August 7, 2013 and continued to declined to as low as $3.07 per share in December 2013.

Then on February 24, 2014, Allied Nevada Gold Corp. reported its 2013 financial and operating results. Among other things, Allied Nevada Gold Corp. reported that its annual total Revenue rose from $214.56 million in 2012 to $267.90 million in 2013, while its Net Income declined from $47.73 million in 2012 to $1.41 million in 2013.

Shares of Allied Nevada Gold Corp. (NYSEMKT:ANV) closed on March 25, 2014, at $5.08 per share.