10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2013

OR

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number 1-33119

ALLIED NEVADA GOLD CORP.

(Exact name of registrant as specified in its charter)

DELAWARE	20-5597115
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)
9790 Gateway Drive, Suite 200 Reno, NV	89521
(Address of principal executive offices)	(Zip Code)

(775) 358-4455

(Registrant’s telephone no., including area code)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to the filing requirements for the past 90 days.    Yes  x    No  o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	x	Accelerated filer	o
Non-accelerated filer	o (Do not check if a smaller reporting company)	Smaller reporting company	o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  o    No  x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

On November 4, 2013, there were 103,943,672 shares of the registrants common stock, par value $0.001 per share, outstanding.

1

ALLIED NEVADA GOLD CORP.

FORM 10-Q

For the Quarter Ended September 30, 2013

INDEX

PART I – FINANCIAL INFORMATION
ITEM 1.	FINANCIAL STATEMENTS (Unaudited)	1
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	18
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	30
ITEM 4.	CONTROLS AND PROCEDURES	31
PART II – OTHER INFORMATION
ITEM 1.	LEGAL PROCEEDINGS	31
ITEM 1A.	RISK FACTORS	31
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	32
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	32
ITEM 4.	MINE SAFETY DISCLOSURES	32
ITEM 5.	OTHER INFORMATION	32
ITEM 6.	EXHIBITS	33
	SIGNATURES	34

2

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

ALLIED NEVADA GOLD CORP.

CONDENSED CONSOLIDATED BALANCE SHEETS

(US dollars in thousands)

	(Unaudited)
	September 30,   2013			December 31,   2012
Assets:
Cash and cash equivalents	$	154,456		$	347,047
Accounts receivable	10,938			60,479
Inventories - Note 3	70,812			55,818
Ore on leachpads, current - Note 4	148,999			93,088
Prepaids and other - Note 5	42,407			12,084
Current assets	427,612			568,516
Restricted cash	41,212			31,837
Stockpiles and ore on leachpads, non-current - Note 4	108,840			38,357
Other assets, non-current - Note 5	14,902			16,364
Plant, equipment, and mine development, net - Note 6	890,787			538,037
Mineral properties, net	42,913			44,616
Deferred tax assets, non-current	4,401			—
Total assets	$	1,530,667		$	1,237,727
Liabilities:
Accounts payable	$	70,453		$	60,292
Interest payable	11,208			2,756
Other liabilities, current - Note 7	8,257			9,762
Debt, current - Note 8	72,028			28,614
Asset retirement obligation, current	331			331
Deferred tax liabilities, current	4,608			76
Current liabilities	166,885			101,831
Other liabilities, non-current - Note 7	16,386			10,223
Debt, non-current - Note 8	548,889			496,578
Asset retirement obligation, non-current	9,189			8,726
Deferred tax liabilities, non-current	—			395
Total liabilities	741,349			617,753
Commitments and Contingencies - Note 19
Stockholders’ Equity:
Common stock, $0.001 par value - Note 9
Shares authorized: 200,000,000
Shares issued and outstanding: 103,943,670 and 89,734,112, respectively	104			90
Additional paid-in-capital	749,372			601,553
Accumulated other comprehensive loss - Note 17	(1,924		)	(5,416		)
Retained earnings	41,766			23,747
Total stockholders’ equity	789,318			619,974
Total liabilities and stockholders’ equity	$	1,530,667		$	1,237,727

The accompanying notes are an integral part of these statements.

1

ALLIED NEVADA GOLD CORP.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited)

(US dollars in thousands, except per share amounts)

	Three months ended September 30,						Nine months ended September 30,
	2013			2012			2013			2012
Revenue - Note 10	$	76,741		$	64,829		$	184,929		$	137,720
Operating expenses:
Production costs	51,775			29,533			108,813			59,110
Depreciation and amortization	9,607			3,758			19,194			7,859
Total cost of sales	61,382			33,291			128,007			66,969
Exploration, development, and land holding	940			2,966			3,106			5,189
Accretion	165			139			494			424
Corporate general and administrative	3,675			2,573			15,481			11,676
Separation and severance costs - Note 11	3,011			—			5,933			—
Income from operations	7,568			25,860			31,908			53,462
Other income (expense):
Interest income	77			334			315			660
Interest expense - Note 8	(5,361		)	(7,922		)	(13,683		)	(11,845		)
Other, net - Note 12	(1,396		)	(418		)	(2,297		)	(127		)
Income before income taxes	888			17,854			16,243			42,150
Income tax benefit (expense) - Note 13	4,083			(4,452		)	1,776			(10,538		)
Net income	4,971			13,402			18,019			31,612
Other comprehensive income (loss), net of tax
Change in fair value of effective portion of cash flow hedge instruments, net of tax - Note 17	2,470			(2,082		)	3,596			(5,773		)
Settlements of cash flow hedges, net of tax - Note 17	5,941			9,892			(8,055		)	4,822
Reclassifications into earnings, net of tax - Note 17	(5,913		)	(9,605		)	7,951			(4,535		)
Other comprehensive income (loss), net of tax	2,498			(1,795		)	3,492			(5,486		)
Comprehensive income	$	7,469		$	11,607		$	21,511		$	26,126
Income per share:
Basic - Note 14	$	0.05		$	0.15		$	0.19		$	0.35
Diluted - Note 14	$	0.05		$	0.15		$	0.18		$	0.35

The accompanying notes are an integral part of these statements.

2

ALLIED NEVADA GOLD CORP.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

(US dollars in thousands)

	Three months ended September 30,						Nine months ended September 30,
	2013			2012			2013			2012
Cash flows from operating activities:
Net income	$	4,971		$	13,402		$	18,019		$	31,612
Adjustments to reconcile net income for the period to net cash provided by (used in) operating activities:
Depreciation and amortization	9,607			3,758			19,194			7,859
Accretion	165			139			494			424
Stock-based compensation - Note 15	1,217			743			5,305			3,567
Deferred taxes	(3,097		)	16,716			(2,145		)	13,567
Other non-cash items	1,150			230			2,118			119
Changes in operating assets and liabilities:
Accounts receivable	348			(22,644		)	49,541			(22,644		)
Inventories	(3,395		)	5,662			(12,591		)	(21,153		)
Stockpiles and ore on leach pads	(21,297		)	(12,761		)	(94,472		)	(25,787		)
Prepaids and other	(2,670		)	(6,547		)	(5,572		)	(2,940		)
Accounts payable	11,313			3,975			(805		)	6,381
Interest payable	8,452			8,422			8,452			11,821
Asset retirement obligation	(3		)	(71		)	(31		)	(408		)
Other liabilities	(260		)	2,757			(1,226		)	1,449
Net cash provided by (used in) operating activities	6,501			13,781			(13,719		)	3,867
Cash flows from investing activities:
Additions to plant, equipment, and mine development	(88,208		)	(67,306		)	(285,286		)	(139,767		)
Additions to mineral properties	—			—			(51		)	(100		)
Increases in restricted cash	—			(9,363		)	(9,375		)	(12,470		)
Proceeds from other investing activities	100			—			115			38
Net cash used in investing activities	(88,108		)	(76,669		)	(294,597		)	(152,299		)
Cash flows from financing activities:
Proceeds from issuance of common stock - Note 9	—			322			151,071			464
Payments of share issuance costs - Note 9	(219		)	—			(8,543		)	—
Proceeds from debt issuance	—			—			—			400,400
Payments of debt issuance costs	(251		)	(97		)	(1,263		)	(13,269		)
Repayments of principal on capital lease obligations	(10,412		)	(4,680		)	(25,540		)	(10,567		)
Excess tax benefit from stock-based awards	—			(6,882		)	—			(796		)
Net cash (used in) provided by financing activities	(10,882		)	(11,337		)	115,725			376,232
Net (decrease) increase in cash and cash equivalents	(92,489		)	(74,225		)	(192,591		)	227,800
Cash and cash equivalents, beginning of period	246,945			577,027			347,047			275,002
Cash and cash equivalents, end of period	$	154,456		$	502,802		$	154,456		$	502,802
Supplemental cash flow disclosures:
Cash paid for interest	$	2,746		$	1,173		$	23,315		$	2,676
Cash paid for income taxes	—			—			—			3,950
Non-cash financing and investing activities:
Mining equipment acquired through debt financing	26,867			26,402			131,490			55,028
Plant and equipment additions through accounts payable increase	—			19,836			36,519			19,836
Additional paid in capital increase from award modification and settlement of outstanding DPU liability	—			7,286			—			7,286
Accounts payable reduction through capital lease	—			—			2,560			10,047

The accompanying notes are an integral part of these statements.

3

ALLIED NEVADA GOLD CORP.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Unaudited)

(US dollars in thousands, except shares)

	Common Stock			Additional Paid-in Capital			Accumulated Other Comprehensive Income (Loss)			Retained Earnings		Total Stockholders’ Equity
	Shares	Amount
Balance, January 1, 2013	89,734,112	$	90	$	601,553		$	(5,416	)	$	23,747	$	619,974
Shares issued under 2007 Stock Option Plan	90,000	—		571			—			—		571
Stock-based compensation and share issuances under RSU Plan	119,560	—		4,568			—			—		4,568
Stock-based compensation under DSU Plan	—	—		737			—			—		737
Shares issued in public offering - Note 9	14,000,000	14		150,486			—			—		150,500
Share issuance costs - Note 9	—	—		(8,543		)	—			—		(8,543		)
Other comprehensive income - Note 17	—	—		—			3,492			—		3,492
Net income	—	—		—			—			18,019		18,019
Balance, September 30, 2013	103,943,672	$	104	$	749,372		$	(1,924	)	$	41,766	$	789,318

The accompanying notes are an integral part of these statements.

4

ALLIED NEVADA GOLD CORP.

Notes to Condensed Consolidated Financial Statements (Unaudited)

1. Basis of Presentation

The accompanying unaudited Condensed Consolidated Financial Statements of Allied Nevada Gold Corp. and its consolidated subsidiaries (the “Company”) have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations of the SEC. Therefore, the information included in this Quarterly Report on Form 10-Q should be read in conjunction with the audited Consolidated Financial Statements and related footnotes of the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. In the opinion of management, all adjustments and disclosures necessary to fairly present the interim financial information set forth herein have been included. These interim financial statements, with the exception of the new Significant Accounting Policies set forth below and the recently adopted accounting pronouncements described in Note 2 - Accounting Pronouncements, follow the same Significant Accounting Policies disclosed in the Company’s most recent Annual Report on Form 10-K.

The results reported in these Condensed Consolidated Financial Statements are not necessarily indicative of the results that may be expected for the entire year or for future years.

References to “$” refers to United States currency and “CDN $” to Canadian currency.

Significant Accounting Policies

Provisionally Priced Sales

Revenues from the Company’s provisionally priced, carbon in-process inventory sales are recorded at the time of shipment based on forward prices and estimates of recoverable gold and silver ounces. The sales agreements, in general, provide for a provisional payment to the Company on the shipment date based upon provisional assays and quoted metal prices. Provisionally priced sales are settled at future dates using then current metal prices. When final settlement occurs, changes in metal prices from the shipment date and/or metal quantities from updated assay information result in adjustments to previously recorded revenues and accounts receivable. Final settlements generally occur within one to four months from the shipment date. The Company does not provisionally price its finished goods (doré), which is sold at quoted spot market prices.

Provisionally priced sales agreements contain an embedded derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable from the sale of metals at forward prices. The embedded derivative, which does not qualify for hedge accounting, is adjusted to fair value through earnings (revenues) each period, using period-end forward prices, through the date of final settlement. Embedded derivatives are recorded as assets in Prepaids and other or as liabilities in Other liabilities, current (refer to Note 17 - Derivative Instruments for additional information).

Assets Held for Sale

From time to time the Company may determine that certain of its property and equipment no longer fit into its strategic operating plans and commit to a plan to sell such identified assets. Assets held for sale are actively marketed at prices that are equal to, or less than, their current fair values which the Company believes will result in their sale within the next twelve months. Assets held for sale are carried at the lower of their carrying amount or fair value less costs to sell and are included in Prepaids and other. Liabilities related to assets held for sale, including outstanding debt, are classified as current liabilities. The Company ceases depreciation on assets classified as held for sale.

If an asset is classified as held for sale and such asset had previously been used, or is currently being used, in the Company's operations, losses resulting from adjusting the asset to fair value less costs to sell are included in income from operations. If an asset is classified as held for sale and such asset had not been used in the Company's operations (i.e. never placed in service), losses resulting from adjusting the asset to fair value less costs to sell are included in Other, net. Property and equipment held for sale at September 30, 2013 had never been placed in service and, as such, losses to adjust the assets to fair value less costs to sell are included in Other, net (refer to Note 5 - Prepaids and Other Assets and Note 12 - Other, Net for additional information).

Separation and Severance Costs

Separation and severance costs result(ed) from rationalizing the Company's overall employee headcount to align its operations in the most strategic and cost-efficient structure. Separation and severance costs are considered those costs associated with (1) a substantial re-alignment of the Company's management structure and (2) substantial reductions to the Company's existing workforce. Separation and severance costs are comprised of one-time, cash payments to employees who are involuntarily terminated and additional benefits pursuant to severance and/or settlement agreements, such as stock-based compensation costs resulting from the continued vesting of outstanding restricted stock unit awards. Liabilities for separation and severance costs are recorded at fair value in the period in which they are incurred and included in Other liabilities, current prior to payment (refer to Note 11 - Separation and Severance Costs for additional information).

5

ALLIED NEVADA GOLD CORP.

Notes to Condensed Consolidated Financial Statements (Unaudited)

Reclassifications

Certain reclassifications have been made to the prior period Condensed Consolidated Financial Statements to conform to the current period presentation. The Company reclassified its advance payments for plant and equipment from Other assets, non-current to Plant, equipment, and mine development, net in the Condensed Consolidated Balance Sheet as of December 31, 2012. The Company reclassified amounts from Corporate general and administrative to Separation and severance costs in the Condensed Consolidated Statements of Income and Comprehensive Income for the three months ended June 30, 2013. The Company also reclassified amounts from Additions to plant, equipment, and mine development to Prepaids and other in the Condensed Consolidated Statements of Cash Flows for the three and six months ended June 30, 2013 and for the three months ended March 31, 2013 to consistently present the cash flow effects of assets held for sale at September 30, 2013. These reclassifications had no effect on previously reported total assets, net cash flows, or net income.

2. Accounting Pronouncements

Recently Adopted

In January 2013, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2013-1, “Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities.” ASU 2013-1 states the intended scope of disclosures required by ASU No. 2011-11 “Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities” apply to derivatives and hedging transactions. This pronouncement was effective for fiscal years, and interim periods within those years, beginning on or after January 1, 2013. The adoption of this guidance did not have an effect on the Company’s consolidated financial position, results of operations, or cash flows.

In February 2013, FASB issued ASU No. 2013-2, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” ASU 2013-2 improves the reporting of reclassifications out of accumulated other comprehensive income by requiring an entity to report their corresponding effect(s) on net income. This pronouncement was effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2012. Other than the additional disclosure requirements, the adoption of this guidance did not have an effect on the Company’s consolidated financial position, results of operations, or cash flows.

Recently Issued

In July 2013, the FASB issued ASU No. 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss (“NOL”) Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.” ASU 2013-11 improves the reporting of unrecognized tax benefits when an NOL carryforward, a similar tax loss, or a tax credit carryforward exists, by eliminating diversityin practice. This pronouncement is effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2013. Other than the additional disclosure requirements, the adoption of this guidance is not expected to have an effect on the Company’s consolidated financial position, results of operations, or cash flows.

3. Inventories

The following table provides the components of inventories and the estimated recoverable gold ounces therein (in thousands, except ounces):

	September 30, 2013			December 31, 2012
	Amount		Gold ounces	Amount		Gold ounces
Materials and supplies	$	18,135		$	11,637
In-process	46,383		45,659	42,479		46,754
Carbon in-process	5,584		4,777	1,281		1,474
Precious metals	710		704	421		463
	$	70,812	51,140	$	55,818	48,691

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ALLIED NEVADA GOLD CORP.

Notes to Condensed Consolidated Financial Statements (Unaudited)

4. Stockpiles and Ore On Leach Pads

The following table summarizes stockpiles and ore on leach pads and the estimated recoverable gold ounces therein (in thousands, except ounces):

	September 30, 2013			December 31, 2012
	Amount		Gold ounces	Amount		Gold ounces
Current:
Ore on leach pads	$	148,999	126,159	$	93,088	114,252
Non-current:
Ore on leach pads	$	86,967	73,636	$	23,272	28,563
Stockpiles	21,873		53,738	15,085		32,074
	$	108,840	127,374	$	38,357	60,637

5. Prepaids and Other Assets

The following table provides the components of prepaids and other assets (in thousands):

	September 30, 2013		December 31, 2012
Prepaids and other
Prepaids	$	4,727	$	6,185
Federal income taxes receivable	2,780		3,150
Deposits	1,691		661
Derivative instruments - Note 17	347		1,826
Property and equipment held for sale	32,663		—
Other	199		262
	$	42,407	$	12,084
Other assets, non-current
Debt issuance costs, net	$	13,301	$	13,947
Marketable equity securities	1,097		1,774
Reclamation policy premium, net	504		593
Other	—		50
	$	14,902	$	16,364

At September 30, 2013, property and equipment held for sale included a residential housing development, one blasthole drill, and all of the components required for one electric wire rope shovel, none of which had ever been placed in service and used in the Company's operations. A $0.3 million loss was included in Other, net for each of the three and nine month periods ended September 30, 2013 to adjust property and equipment held for sale to its estimated fair value less costs to sell. Residential housing includes costs the Company has incurred to build single family houses, all of which are expected to be sold within the next twelve months. As of September 30, 2013, all residential houses previously sold were done so at the Company's cost of each house, which approximates fair value, resulting in no gain or loss. Future residential house sales are expected to be sold in a similar manner, resulting in no gain or loss.

7

ALLIED NEVADA GOLD CORP.

Notes to Condensed Consolidated Financial Statements (Unaudited)

6. Plant, Equipment, and Mine Development, Net

The following table provides the components of plant, equipment, and mine development, net (in thousands):

	Depreciable life or method	September 30, 2013			December 31, 2012
Mine equipment	3 - 10 years	$	355,080		$	200,446
Mine development	Units-of-production	116,635			96,406
Leach pads	Units-of-production	77,021			38,700
Buildings and leasehold improvements	3 - 10 years	24,625			19,798
Furniture, fixtures, and office equipment	2 - 3 years	4,098			3,769
Vehicles	3 - 5 years	2,943			2,332
Construction in progress and other		434,696			247,262
		1,015,098			608,713
Less: accumulated depreciation and amortization		(124,311		)	(70,676		)
		$	890,787		$	538,037

The Company records advance payments for plant and equipment in construction in progress and other. As discussed in Note 5 - Prepaids and Other Assets, atSeptember 30, 2013, $32.7 million of property and equipment was classified as held for sale and therefore excluded from Plant, equipment, and mine development, net.

7. Other Liabilities

The following table summarizes the components of other liabilities, current and non-current (in thousands):

	September 30, 2013		December 31, 2012
Other liabilities, current
Accrued compensation	$	3,919	$	4,282
Capital expenditure retentions	4,230		977
Derivative instruments - Note 17	108		—
Refining and processing fees	—		4,503
	$	8,257	$	9,762
Other liabilities, non-current
Derivative instruments - Note 17	$	15,432	$	9,324
Deferred royalty income	905		790
Other	49		109
	$	16,386	$	10,223

8. Debt

The following table summarizes the components of debt (in thousands):

	September 30, 2013		December 31, 2012
Debt, current:
Capital lease and term loan obligations	$	53,903	$	28,614
Term and Security Deposit loan	18,125		—
	$	72,028	$	28,614
Debt, non-current:
Capital lease and term loan obligations	$	159,969	$	94,538
8.75% Senior Notes due June 2019 (1)	388,920		402,040
	$	548,889	$	496,578
(1) Effective interest rate of 8.375% after cross currency swap.

8

ALLIED NEVADA GOLD CORP.

Notes to Condensed Consolidated Financial Statements (Unaudited)

Senior Notes

In May 2012, the Company issued CDN $400.0 million of uncollateralized senior notes (the “Notes”). The Notes are denominated in Canadian dollars, pay interest semi-annually at the rate of 8.75% per annum, and mature in June, 2019. Concurrently with the issuance of the Notes, the Company entered into a cross currency swap agreement based upon a notional amount of $400.4 million, the gross proceeds to the Company from the issuance, which fixed the interest rate at 8.375% as further described in Note 17 - Derivative Instruments. The Notes balance was $388.9 million based upon the U.S. dollar to Canadian dollar exchange rate on September 30, 2013. The Notes are guaranteed by most of the Company’s currently wholly-owned subsidiaries, including Hycroft Resources & Development Inc., which owns the Hycroft Mine and conducts mining operations.

Capital Lease and Term Loan Obligations

The Company’s capital lease and term loan obligations are for the purchase of mining equipment, bear interest at rates between 4% - 7% per annum, and primarily carry 60 - 84-month terms. The following is a summary of the future minimum payments under the Company’s capital lease and term loan obligations as of September 30, 2013 (in thousands):

Fiscal Year	Minimum Lease Payments
2013	$	15,248
2014	61,350
2015	53,345
2016	47,884
2017	33,296
Thereafter	27,434
Less: interest	(24,685		)
Net minimum capital lease payments	213,872
Less: current portion	(53,903		)
Non-current portion	$	159,969

Term and Security Deposit Loan Agreement

In March 2013, the Company entered into a Term and Security Deposit Loan Agreement (the “Loan Agreement”) related to the purchase of three electric rope shovels. Under the Loan Agreement, the Company was made available up to $60.0 million ($20.0 million for each shovel) for scheduled advance security deposit payments pursuant to purchase agreements for the electric rope shovels and up to $90.0 million ($30.0 million for each shovel) in term loan financing to fund the purchase of the electric rope shovels once commissioned at the Hycroft Mine. Under the Loan Agreement, as electric rope shovels are commissioned, amounts previously advanced to the Company for security deposits, together with the remaining purchase price of each electric rope shovel, are converted to term loan obligations. The electric rope shovels secure all amounts borrowed by the Company under the Loan Agreement.

As of September 30, 2013, the Company had commissioned two (of the three) electric rope shovels and, as such, amounts borrowed for these two shovels are included in capital lease and term loan obligations. As discussed in Note 5 - Prepaids and Other Assets, costs for the third electric rope shovel are included in equipment held for sale at September 30, 2013. Accordingly, amounts borrowed under the Loan Agreement for the third electric rope shovel are included in Debt, current as repayment will occur when the components of the third shovel are sold, which the Company believes will happen within the next twelve months.

All amounts borrowed under the Loan Agreement are subject to a 1.25% commitment fee, however, amounts previously advanced for security deposits and subsequently converted to term loan obligations are not subject to an additional commitment fee upon conversion. Advances for security deposits under the Loan Agreement bear an interest rate determined by an applicable rate plus the three month LIBOR, which approximated 4.9% at September 30, 2013. The two executed term loans for the commissioned shovels carry seven year terms and bear interest at a fixed rate of approximately 6%.

Revolving Credit Agreement

The Company's $120.0 million revolving credit agreement (the “Revolver”) matures in April, 2016. In March 2013 and June 2013, the Company entered into amendments to the Revolver which modified the Interest Coverage Ratio and Leverage Ratio, as defined in the Revolver, for each of the three month periods ended March 31 and June 30, 2013. Such amended ratios returned to the ratios originally contained in the Revolver for the three months ended September 30, 2013 and all quarters thereafter.

9

ALLIED NEVADA GOLD CORP.

Notes to Condensed Consolidated Financial Statements (Unaudited)

In September 2013, the Company entered into the Third Amendment to Credit Agreement (the “Third Amendment”) to the Revolver which modified the Interest Coverage Ratio and Leverage Ratio, as defined in the Revolver, for the three months ended September 30, 2013. Such amended ratios returned to the ratios originally contained in the Revolver on October 1, 2013 and all dates thereafter. The Third Amendment also modified the definition of Calculation Date, as defined in the Revolver, to require the Company to calculate certain financial ratios on a pro forma basis on each date upon which the Company requests credit, which will determine the Company's compliance with certain covenants contained in the Revolver.

The Revolver is collateralized by substantially all of the Company’s assets. The interest rate on drawdowns is at an applicable rate plus a base rate or LIBOR, with the applicable rate determined by financial ratios of the Company. During the three and nine months ended September 30, 2013, no amounts were borrowed under the Revolver.

Debt Covenants

The Company’s Notes contain provisions that among other things restrict or limit the ability of the Company to redeem the Notes, incur or guarantee additional debt, pay dividends, and consolidate, merge or sell all or substantially all of the Company’s assets. The Loan Agreement also contains customary covenants, agreements, and events of default for loan agreements of this type. The Company’s Revolver and certain capital lease obligations contain financial covenants related to net worth and interest coverage and leverage ratios, as well as certain affirmative and restrictive covenants. As discussed above in the Revolving Credit Agreement section, certain financial ratios were modified for the three months ended September 30, 2013. The Company was in compliance with all debt covenants as of September 30, 2013.

Interest Expense

The following table summarizes the components of interest expense (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2013			2012			2013			2012
8.75% Senior Notes due June 2019 (1)	$	8,452		$	8,423		$	25,219		$	11,821
Capital lease and term loan obligations	1,989			1,255			5,441			2,676
Amortization of debt issuance costs	664			514			1,909			750
Term and Security Deposit loan	755			—			1,105			—
Revolving credit facility standby fees	385			73			1,010			220
Other interest expense	368			—			592			—
Capitalized interest	(7,252		)	(2,343		)	(21,593		)	(3,622		)
	$	5,361		$	7,922		$	13,683		$	11,845
(1) Effective interest rate of 8.375% after cross currency swap.

9. Common Stock

May 2013 Public Offering

In May 2013, the Company completed a public offering in which 14,000,000 shares of common stock were sold at a price of $10.75 per share for gross proceeds of $150.5 million. The Company paid underwriters fees, commissions, and general offering costs of $8.5 million, resulting in net proceeds of $142.0 million. The Company intends to use the net proceeds of the offering to fund capital expenditures at the Hycroft Mine and for general corporate purposes.

10. Revenue

The table below is a summary of the Company’s gold and silver revenue (in thousands, except ounces sold):

	Three months ended September 30,						Nine months ended September 30,
	2013			2012			2013			2012
	Amount		Ounces sold	Amount		Ounces sold	Amount		Ounces sold	Amount		Ounces sold
Gold revenue	$	72,649	52,713	$	59,337	34,851	$	172,567	121,481	$	122,812	72,960
Silver revenue	4,092		184,082	5,492		177,844	12,362		505,151	14,908		480,886
	$	76,741		$	64,829		$	184,929		$	137,720

10

ALLIED NEVADA GOLD CORP.

Notes to Condensed Consolidated Financial Statements (Unaudited)

11. Separation and Severance Costs

The tables below summarize the Company’s separation and severance costs by type of cost and by the reportable segment to which they relate (in thousands):

	Three months ended September 30,				Nine months ended September 30,
Type of cost	2013		2012		2013		2012
One time, cash payments	$	3,011	$	—	$	4,809	$	—
Stock-based compensation costs from continued vesting	—		—		1,124		—
	$	3,011	$	—	$	5,933	$	—

	Three months ended September 30,				Nine months ended September 30,
Reportable segment	2013		2012		2013		2012
Hycroft Mine	$	1,860	$	—	$	1,860	$	—
Exploration	381		—		405		—
Corporate and Other	770		—		3,668		—
	$	3,011	$	—	$	5,933	$	—

At September 30, 2013, the Company had no remaining liability recorded for separation and severance costs.

12. Other, Net

The table below is a summary of the Company’s other income and expense (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2013			2012			2013			2012
Loss on disposal of mineral properties	$	(1,441	)	$	—		$	(1,441	)	$	—
Loss on equipment held for sale - Note 5	(298		)	—			(298		)	—
Gain (loss) on marketable equity securities	290			(387		)	(677		)	(129		)
Foreign currency transaction (loss) gain on senior notes	(8,400		)	4,600			13,120			(6,240		)
Reclassification of gain (loss) from accumulated other comprehensive income for cross currency swap	8,400			(4,600		)	(13,120		)	6,240
Other income (expense)	53			(31		)	119			2
	$	(1,396	)	$	(418	)	$	(2,297	)	$	(127	)

During the third quarter of 2013, the Company completed a review of its early-stage Other Exploration Properties, which are properties having no defined mineralized material due to insufficient historical exploration activities. As a result of this review, the Company abandoned 12 Other Exploration Properties and recorded a loss on disposal of $1.4 million in each of the three and nine month periods ended September 30, 2013.

13. Income Tax Expense

For the three and nine months ended September 30, 2013, the Company recorded income tax benefits of approximately $4.1 million and $1.8 million, respectively, based on an estimated annual effective rate of a benefit of approximately 10%. Income tax expense during the same periods of 2012 was $4.5 million and $10.5 million, respectively, based on an estimated annual effective rate of 25%. The estimated annual effective tax rates for the three and nine months ended September 30, 2013 and 2012, vary from the United States statutory tax rate of 35% primarily due to the effects of the percentage depletion deduction. The Company's estimated annual effective tax rate and corresponding tax expense are largely sensitive to changes in the Company's pre-tax book income projections. Because the Company's 2013 projected percentage depletion expense exceeds its projected 2013 pre-tax book income, the Company is currently estimating an overall 2013 income tax benefit and, as such, has recorded income tax benefits during the three and nine months ended September 30, 2013.

Historically, the Company has not been subject to state or foreign income taxes as all of the Company’s operations and properties are located within Nevada, which does not impose a state income tax.

As necessary, the Company provides a reserve against the benefits of uncertain tax positions taken in its tax filings. Based on the weight of available evidence, the Company does not believe it has taken any uncertain tax positions that require the establishment of a reserve. The Company has not recorded any interest or penalties related to income tax liabilities as of September 30, 2013.

11

ALLIED NEVADA GOLD CORP.

Notes to Condensed Consolidated Financial Statements (Unaudited)

14. Income Per Share

The following table sets forth the computation of basic and diluted income per share (in thousands, except per share amounts):

	Three months ended September 30,				Nine months ended September 30,
	2013		2012		2013		2012
Net income available to common stockholders:	$	4,971	$	13,402	$	18,019	$	31,612
Weighted average common shares:
Basic	104,416		90,020		97,297		89,893
Effect of shares granted under the:
Restricted Share Unit Plan	1,045		501		988		529
2007 Stock Option Plan	83		578		319		578
Deferred Phantom Unit Plan	248		187		248		63
Deferred Share Unit Plan	130		24		97		8
Diluted	105,922		91,310		98,949		91,071
Income per share:
Basic	$	0.05	$	0.15	$	0.19	$	0.35
Diluted	$	0.05	$	0.15	$	0.18	$	0.35

15. Stock-Based Compensation

The following tables summarize the Company’s stock-based compensation cost and unrecognized stock-based compensation cost by plan (in thousands):

	Three months ended September 30,					Nine months ended September 30,
Stock-based compensation cost	2013		2012			2013		2012
Restricted Share Unit	$	1,005	$	1,364		$	4,568	$	4,291
Deferred Share Unit	212		262			737		525
Deferred Phantom Unit	—		(883		)	—		(1,249		)
	$	1,217	$	743		$	5,305	$	3,567

	September 30,
Unrecognized stock-based compensation cost	2013		2012
Restricted Share Unit	12,115		12,056
Deferred Share Unit	525		525
	$	12,640	$	12,581

The following table summarizes awards and activity of the Company’s stock-based compensation plans:

	Nine months ended September 30,
	2013						2012
	Restricted Share Unit		2007  Stock Option		Deferred Phantom  Unit	Deferred Share  Unit	Restricted Share Unit		2007  Stock Option		Deferred Phantom  Unit	Deferred Share  Unit
Outstanding on January 1,	849,482		640,000		248,136	34,008	568,787		775,776		281,869	—
Correction of reporting issuance by plan administrator	—		—		—	—	280,000		—		—	—
Granted	1,427,386		—		—	100,400	291,081		—		—	37,100
Vested/exercised	(119,560	)	(90,000	)	—	—	(229,322	)	(92,442	)	—	—
Canceled/forfeited	(404,037	)	(50,000	)	—	—	(31,666	)	—		—	—
Outstanding, end of period	1,753,271		500,000		248,136	134,408	878,880		683,334		281,869	37,100
Vested and unissued/exercisable, end of period	495,116		500,000		248,136	80,861	380,000		683,334		281,869	18,550

12

ALLIED NEVADA GOLD CORP.

Notes to Condensed Consolidated Financial Statements (Unaudited)

16. Fair Value Measurements

Fair value accounting establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:

Level 1 – Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis;

Level 2 – Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3 – Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Certain financial instruments, including cash and equivalents, accounts receivable, prepaids and other, accounts payable, and other liabilities, are carried at cost, which approximates fair value due to the short-term nature of these instruments. There were no changes to the Company’s valuation techniques and no transfers in or out of Levels 1 or 2 during the three and nine months ended September 30, 2013.

The following table sets forth by level, within the fair value hierarchy, the Company’s assets and liabilities measured at fair value on a recurring basis (in thousands).

Assets	September 30, 2013		December 31, 2012		Input Hierarchy Level
Available-for-sale securities:
Marketable equity securities	$	1,097	$	1,774	Level 1
Derivative instruments:
Diesel swap agreements - Note 17	$	187	$	435	Level 2
Cross currency swap - Note 17	160		1,391		Level 2
	$	347	$	1,826
Property and equipment held for sale - Note 5	$	32,663	$	—	Level 2
Liabilities
Derivative instruments:
Cross currency swap - Note 17	$	15,432	$	9,324	Level 2
Embedded derivatives in provisional sales agreements - Note 17	108		—		Level 2
	$	15,540	$	9,324

The Company’s marketable equity securities are valued using quoted market prices in active markets and, as such, are classified within Level 1 of the fair value hierarchy. The fair value of the marketable equity securities is calculated as the quoted price of the marketable equity security multiplied by the quantity of shares held by the Company. Available-for-sale equity securities are classified as Other assets, non-current with periodic changes in fair value included in Other, net.

The Company’s derivative instruments are valued using models which require a variety of inputs, including contractual terms, market prices, yield curves, credit spreads, and correlations of such inputs. Some of the model inputs used in valuing the derivative instruments trade in liquid markets and, as such, model inputs can generally be verified and do not involve significant management judgment. Derivative instruments are classified within Level 2 of the fair value hierarchy and are included in Prepaids and other and Other liabilities, current and non-current.

The Company’s property and equipment held for sale is valued using a market approach for each item of property and equipment held for sale. Inputs include quoted market prices for identical or similar assets in markets that are not active and, as such, property and equipment held for sale is classified within Level 2 of the fair value hierarchy. Property and equipment held for sale is included in Prepaids and other with periodic changes in fair value (less costs to sell) included in Other, net.

13

ALLIED NEVADA GOLD CORP.

Notes to Condensed Consolidated Financial Statements (Unaudited)

Items Disclosed at Fair Value

Using prevailing interest rates on similar investments, credit spreads, and foreign currency forward rates, the estimated fair value of the Notes was $341.3 million at September 30, 2013. The fair value estimate of the Notes was prepared with the assistance of an independent third party and does not reflect the Notes actual trading value or the carrying value of the Notes in the Company's consolidated financial statements.

17. Derivative Instruments

Derivative Instrument Fair Values

The following table is a summary of the fair values of the Company’s derivative instruments (in thousands):

	September 30, 2013						December 31, 2012
	Prepaids and other		Other liabilities, current		Other liabilities, non-current		Prepaids and other		Other liabilities, non-current
Cross currency swap	$	160	$	—	$	15,432	$	1,391	$	9,324
Diesel swap agreements	187		—		—		435		—
Embedded derivatives in provisional sales agreements	—		108		—		—		—
	$	347	$	108	$	15,432	$	1,826	$	9,324

Derivative Instruments Not Designated as Hedges

Provisionally Priced Sales

The Company’s provisionally priced sales agreements for its carbon in-process inventory sales contain embedded derivatives that are required to be separated from the host contracts for accounting purposes. The host contracts are the receivables from sales of metals at forward prices. The embedded derivative, which does not qualify for hedge accounting, is adjusted to fair value through earnings (revenues) each period, using period-end forward prices, through the date of final settlement. At September 30, 2013, the Company had $3.7 million of unsettled provisionally priced sales for approximately 2,615 ounces of gold at an average price of $1,327 per ounce and approximately 15,727 ounces of silver at an average price of $22 per ounce. During the three months ended September 30, 2013, changes in metal prices for provisionally priced sales that settled during the quarter resulted in a net increase to revenues of $0.8 million. The Company did not have any provisionally priced sales during the same periods of 2012.

Derivative Instruments Designated as Hedges – Cash Flow Hedges

The Company has entered into swap agreements to hedge against price volatility of some of its operating cost exposure related to diesel fuel and to hedge against the effect of foreign exchange and interest rate fluctuations on cash flows related to the Notes. The diesel and cross currency swap agreements have been designated as cash flow hedges and, as such, changes in the market value of such instruments have been recorded in Accumulated other comprehensive income (loss). The Company did not experience any ineffectiveness in its hedging instruments during the three and nine months ended September 30, 2013.

Diesel Swap Agreements

At September 30, 2013, the Company had outstanding diesel swap agreements that mature in 2013 for 0.9 million gallons (0.3 million gallons per month) at an average price of $2.71 per gallon. The Company believes it has hedged approximately 30% of its forecasted diesel consumption for the remainder of 2013.

Cross Currency Swap

In May 2012, the Company entered into a cross currency swap concurrent with the issuance of the Notes. The notional value of the cross currency swap was $400.4 million and the interest rate was fixed at 8.375%. The Company makes interest payments ($400.4 million at 8.375%) to the counterparty in exchange for the Canadian dollars required to service the Notes (CDN$400.0 million at 8.75%). Upon maturity the Company will pay $400.4 million to the counterparty and receive CDN $400.0 million, which will be used to satisfy the face amount of the issuance.

Accumulated Other Comprehensive Income (Loss)

Some of the Company’s diesel and cross currency swaps designated as cash flow hedges settled during the nine months ended September 30, 2013 and 2012, a portion of which was reclassified from Accumulated other comprehensive income (loss) into earnings. The following table sets forth changes in Accumulated other comprehensive income (loss) and the effect of the cash flow hedges on our Condensed Consolidated Financial Statements (in thousands):

14

ALLIED NEVADA GOLD CORP.

Notes to Condensed Consolidated Financial Statements (Unaudited)

	Nine months ended September 30, 2013
	Cross Currency Swap			Diesel Swap Agreements			Tax Effects			Total
Balance, beginning of period	$	(9,574	)	$	1,241		$	2,917		$	(5,416	)
Gain (loss) recognized in other comprehensive income (loss) for effective portion of unsettled cash flow hedges	5,781			(248		)	(1,937		)	3,596
Settlements of cash flow hedges	(12,927		)	534			4,338			(8,055		)
Reclassifications into earnings when underlying hedged transactions impacted earnings:
Reclassified to Interest expense	(193		)	—			68			(125		)
Reclassified to Other, net	13,120			—			(4,592		)	8,528
Reclassified to Production costs	—			(695		)	243			(452		)
Balance, end of period	$	(3,793	)	$	832		$	1,037		$	(1,924	)

	Nine months ended September 30, 2012
	Cross Currency Swap			Diesel Swap Agreements			Tax Effects			Total
Balance, beginning of period	$	—		$	—		$	—		$	—
Gain (loss) recognized in other comprehensive income (loss) for effective portion of unsettled cash flow hedges	(9,463		)	581			3,109			(5,773		)
Settlements of cash flow hedges	6,958			460			(2,596		)	4,822
Reclassifications into earnings when underlying hedged transactions impacted earnings:
Reclassified to Interest expense	(718		)	—			251			(467		)
Reclassified to Other, net	(6,240		)	—			2,184			(4,056		)
Reclassified to Production costs	—			(19		)	7			(12		)
Balance, end of period	$	(9,463	)	$	1,022		$	2,955		$	(5,486	)

During the nine months ended September 30, 2013, a foreign currency transaction gain of $13.1 million decreased the outstanding Notes balance and was included in Other, net. As a result of the cross currency swap, the transaction gain was offset by a corresponding loss included in Other, net, resulting in no impact to net income. Similarly, any future foreign currency transaction gain (loss) attributable to the Notes and included in Other, net will be offset due to the currency swap, resulting in no impact to net income.

As a result of the cross currency swap, during the nine months ended September 30, 2013, the Company recorded a $0.2 million reduction to Interest expense, representing the difference in interest expense between the swapped amount and rate ($400.4 million at 8.375%) and the interest expense on the issued amount and stated rate (CDN $400.0 million at 8.75%) translated to US dollars. The Company estimates that $0.1 million (net of tax) related to the currency swap will be reclassified from Accumulated other comprehensive income (loss) into earnings during the next 12 months.

During the nine months ended September 30, 2013, as certain gold ounces were sold, a $0.7 million reduction to Production costs resulted from reclassifying amounts from previously settled diesel swap agreements into earnings. The Company estimates that $0.3 million (net of tax) will be reclassified from Accumulated other comprehensive income (loss) into earnings during the next 12 months for previously settled diesel swap agreements.

18. Segment Information

The Company is engaged in the operation of the Hycroft Mine and the evaluation, acquisition, exploration, and advancement of gold exploration and development projects in Nevada. Our segments are defined as components of the Company for which separate financial information is available that is evaluated regularly by the executive decision-making group in assessing performance, establishing operating plans and budgets, and deciding how to allocate resources. Segment information as of and for the three and nine months ended September 30, 2013 and 2012 is as follows (in thousands):

15

ALLIED NEVADA GOLD CORP.

Notes to Condensed Consolidated Financial Statements (Unaudited)

Three months ended September 30,	Hycroft Mine			Exploration			Corporate and Other			Total
2013
Revenue - Note 10	$	76,741		$	—		$	—		$	76,741
Depreciation and amortization	9,346			—			261			9,607
Income (loss) from operations	13,597			(940		)	(5,089		)	7,568
Interest income	2			—			75			77
Interest expense - Note 8	(2,912		)	—			(2,449		)	(5,361		)
Other, net - Note 12	(249		)	(1,441		)	294			(1,396		)
Income (loss) before income taxes	10,438			(2,381		)	(7,169		)	888
Total assets	1,348,593			38,743			143,331			1,530,667
Capital expenditures	$	89,938		$	51		$	—		$	89,989
2012
Revenue - Note 10	$	64,829		$	—		$	—		$	64,829
Depreciation and amortization	3,506			—			252			3,758
Income (loss) from operations	31,653			(2,966		)	(2,827		)	25,860
Interest income	15			—			319			334
Interest expense - Note 8	(1,256		)	—			(6,666		)	(7,922		)
Other, net - Note 12	(26		)	—			(392		)	(418		)
Income (loss) before income taxes	30,386			(2,966		)	(9,566		)	17,854
Total assets	616,875			40,304			524,442			1,181,621
Capital expenditures	$	112,768		$	—		$	776		$	113,544

Nine months ended September 30,	Hycroft Mine			Exploration			Corporate and Other			Total
2013
Revenue - Note 10	$	184,929		$	—		$	—		$	184,929
Depreciation and amortization	18,406			—			788			19,194
Income (loss) from operations	55,357			(3,106		)	(20,343		)	31,908
Interest income	10			—			305			315
Interest expense - Note 8	(6,937		)	—			(6,746		)	(13,683		)
Other, net - Note 12	(183		)	(1,441		)	(673		)	(2,297		)
Income (loss) before income taxes	48,247			(4,547		)	(27,457		)	16,243
Total assets	1,348,593			38,743			143,331			1,530,667
Capital expenditures	$	398,785		$	51		$	149		$	398,985
2012
Revenue - Note 10	$	137,720		$	—		$	—		$	137,720
Depreciation and amortization	7,379			—			480			7,859
Income (loss) from operations	70,808			(5,189		)	(12,157		)	53,462
Interest income	14			—			646			660
Interest expense - Note 8	(1,763		)	—			(10,082		)	(11,845		)
Other, net - Note 12	(7		)	—			(120		)	(127		)
Income (loss) before income taxes	69,052			(5,189		)	(21,713		)	42,150
Total assets	616,875			40,304			524,442			1,181,621
Capital expenditures	$	212,221		$	2		$	2,408		$	214,631

19. Commitments and Contingencies

The Company is from time to time involved in various legal proceedings related to its business. Management does not believe that adverse decisions are likely in any pending or threatened proceeding, or that amounts that may be required to be paid will have a material adverse effect on the Company’s financial condition, results of operations, or cash flows.

16

ALLIED NEVADA GOLD CORP.

Notes to Condensed Consolidated Financial Statements (Unaudited)

Purchase Obligations

At September 30, 2013, the Company had purchase obligations not recorded in the Condensed Consolidated Financial Statements totaling $111.3 million for the purchase of mill components and capital items associated with the ongoing expansion projects. The capital items included crusher components, drills, mills and motors, electrical upgrades, and installation and commissioning costs. During 2013 and 2014, the Company expects purchase obligations to be satisfied through cash payments.

17

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

In Management’s Discussion and Analysis of Financial Condition and Results of Operations, “we”, “us”, “our”, the “Company”, and “Allied Nevada” refer to Allied Nevada Gold Corp. and its subsidiaries. The following discussion, which has been prepared based on information available to us as of November 5, 2013, provides information that we believe is relevant to an assessment and understanding of our consolidated operating results and financial condition. The following discussion should be read in conjunction with our other reports filed with the U.S. Securities and Exchange Commission (the “SEC”) as well as our interim unaudited Condensed Consolidated Financial Statements and the notes thereto included in this Quarterly Report and our Annual Report on Form 10-K for the year ended December 31, 2012. References to “$” refers to United States currency and “CDN $” to Canadian currency.

Overview of the Company

We are a U.S.-based gold producer focused on mining, development, and exploration properties in the state of Nevada. Our operating mine, the Hycroft Mine ("Hycroft"), was restarted in 2008 and is undergoing expansion projects to increase our oxide (heap leach) mineralization processing capabilities and mining rate, a majority of which will be completed and commissioned during 2013. As discussed below in the Hycroft Expansion Projects section, the construction of our previously commenced mill expansion, which would provide us with sulfide mineralization processing capabilities, has been deferred.

At December 31, 2012 we had proven and probable mineral reserves of 11.9 million ounces of gold and 509.6 million ounces of silver. In 2013, our Hycroft Mine is expected to produce approximately 175,000 to 200,000 ounces of gold and 0.9 million to 1.1 million ounces of silver, more of which is expected to be produced in the second half of the year as critical heap leach expansion projects are completed.

In addition to the Hycroft Mine, we own or control leasehold interests in 100% of the Hasbrouck, Three Hills, Mountain View, Wildcat, and the Pony Creek/Elliot Dome Advanced Exploration Properties and have a joint venture with Silver Standard Resources Inc. with respect to the Maverick Springs Advanced Exploration Property. We also have the exploration rights to approximately 78 Other Exploration Properties.

Executive Summary

Our third quarter 2013 highlights and significant developments included the following, which are discussed in further detail throughout the following sections of this Management’s Discussion and Analysis of Financial Condition and Results of Operations:

Health and safety: We remained committed to our core values, health and safety, and operated in an environmentally responsible manner. Regrettably, there was one lost time accident at our Hycroft Mine during the third quarter of 2013. We have learned from this setback and taken measures to strengthen the overall health and safety environment at our Hycroft Mine.

Ounces sold: Gold ounces sold in the third quarter of 2013 increased 51% to 52,713 ounces, compared to 34,851 ounces sold in the same period of 2012. The 52,713 gold ounces sold in the third quarter is an all-time quarterly record and represents an increase of 27%, or 11,201 gold ounces, from the second quarter of 2013.

Hycroft Mine operations: During the third quarter of 2013, we placed 12.7 million ore tons on the leach pads containing approximately 75,089 recoverable ounces of gold and approximately 0.5 million recoverable ounces of silver. During the third quarter of 2013, we achieved our targeted mining rate and decreased our mining cost per ton compared to the second quarter of 2013, all while operating in a leaner, more cost-efficient structure as a result of our July workforce reduction.

Hycroft Mine heap leach expansion projects: As discussed below in the Hycroft Mine - Operations and Hycroft Expansion Projects sections, our heap leach expansion projects progressed well during the third quarter, including operation of the North leach pad and two 73 cubic-yard electric rope shovels, initiating commissioning of the new 21,500 gallons per minute ("gpm") Merrill-Crowe plant, and continuing construction of the crushing system.

Hycroft Mine mill construction deferred: As previously announced and discussed below in the Hycroft Expansion Projects section, we have deferred the construction of a mill. We continued work on the design of an optimized mill plan, oxidation test work for sulfide concentrate treatment, and finalization of environmental permits necessary to operate a mill.

Net income: As discussed in the Results of Operations section below, our third quarter and first nine months of 2013 net income was $5.0 million and $18.0 million, respectively. Although we sold a record number of gold ounces during the third quarter of 2013, we were negatively impacted by a lower metal price environment and increases to total cost of sales.

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Hycroft Mine

Operations

Key operating statistics for the three and nine months ended September 30, 2013 and 2012 are as follows:

	Three months ended September 30,				Nine months ended September 30,
	2013		2012		2013		2012
Ore mined (000’s tons)	12,690		7,147		32,074		15,521
Ore mined and stockpiled (000’s tons)	948		670		1,752		1,492
Waste mined (000’s tons)	8,395		5,843		23,320		19,417
	22,033		13,660		57,146		36,430
Excavation mined (000’s tons)	—		5,560		3,288		9,807
Ore mined grade - gold (oz/ton)	0.011		0.011		0.011		0.013
Ore mined grade - silver (oz/ton)	0.253		0.198		0.213		0.309
Ounces produced - gold	52,198		28,182		129,412		91,317
Ounces produced - silver	184,070		185,604		504,911		559,968
Ounces sold - gold	52,713		34,851		121,481		72,960
Ounces sold - silver	184,082		177,844		505,151		480,886
Average realized price - gold ($/oz)1	$	1,378	$	1,703	$	1,421	$	1,683
Average realized price - silver ($/oz)	$	22	$	31	$	24	$	31
Average spot price - gold ($/oz)	$	1,326	$	1,652	$	1,456	$	1,652
Average spot price - silver ($/oz)	$	21	$	30	$	25	$	31
Adjusted cash costs per ounce2	$	905	$	690	$	794	$	606

The Hycroft Mine operational efforts, together with our increased ore under leach on the North leach pad and additional solution processing capacity from our carbon columns, resulted in the sale of a record number of gold ounces during the third quarter of 2013. Silver ounces sold during the third quarter and first nine months of 2013 did not increase proportionately to the increase in gold ounces sold as approximately 62% of our third quarter gold ounces sold were recovered from solution processed through the carbon columns, which have low silver recoveries. Our average silver ounces to gold ounces sold ratios for the third quarter and first nine months of 2013 were approximately 3.5:1 and 4.2:1, respectively, which we expect to increase to over 6.0:1 during the fourth quarter when solution is primarily processed through the new Merrill-Crowe plant. The new Merrill-Crowe plant began processing approximately 7,000 gpm of solution in mid-October and by the end of October was fully commissioned and capable of processing solution at the full 21,500 gpm capacity.

Our total tons mined during the first nine months of 2013 increased approximately 31% from the 2012 period as a result of our expanded mobile mine equipment fleet. We were able to achieve our third quarter 2013 target mining rate through efficiencies gained with our mobile equipment dispatch system and increased loading capacity of the two 73 cubic-yard electric rope shovels, all while operating with an approximately 24% leaner mine-site workforce. During the third quarter of 2013 our average mining cost per ton and average processing cost per ore ton decreased by 22% and 14%, respectively, from second quarter 2013 per ton amounts. We expect such efficiencies in mining and processing costs to continue during the remainder of 2013, which we believe will positively impact our future production costs and adjusted cash costs per ounce².

As of September 30, 2013, we had approximately 11.4 million square feet under leach, an increase of approximately 4.3 million square feet from June 30, 2013. The North leach pad continued to perform well during its first five months of operations as our overall metal recoveries and timing of such metal recoveries remained consistent with our expectations. During the third quarter of 2013 we continued our remediation efforts of the Lewis leach pad and received permits which allowed us to begin introducing solution into wells that have been drilled into dry areas of the pad. Test work is ongoing to determine the timing of solution penetration and the rate in which metal production is expected to occur.

1

The average realized price per gold ounce for the third quarter of 2013 includes positive adjustments that totaled approximately $17/oz related to the settlement of provisionally priced sales. There were no such adjustments to the average realized prices per ounce during any of the other periods presented. For additional information on our provisionally priced sales see Note 17 - Derivative Instruments to our Notes to Condensed Consolidated Financial Statements.

2

The term “adjusted cash costs per ounce” is a non-GAAP financial measure. Non-GAAP financial measures do not have any standardized meaning prescribed by GAAP and, therefore, should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. See the section on “Non-GAAP Financial Measures” in this MD&A for additional information.

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Although our third quarter 2013 mining and processing costs improved from previous periods, our adjusted cash costs per ounce¹ for the first nine months of 2013 were negatively impacted by lower silver ounces sold, increased production costs incurred during the first half of 2013, and additional external refining costs for carbon in-process inventories sold during the third quarter of 2013. Further, during the third quarter and first nine months of 2013 our average realized price per ounce of silver sold decreased by approximately $9 (30%) and $6 (19%), respectively, compared to the same periods of 2012, resulting in increases to our adjusted cash costs per ounce¹.

Operations Outlook

2013 operations outlook

We continue to expect our 2013 full year metal sales will approximate 175,000 to 200,000 ounces of gold and 0.9 million to 1.1 million ounces of silver. We expect to move 76.3 million tons of material, including 41.0 million tons of ore at average grades of 0.012 oz/ton gold and 0.25 oz/ton silver. The overall strip ratio for 2013 is expected to be 0.6:1. Adjusted cash costs per ounce¹ for 2013 are expected to be in the range of $800 to $825 per ounce (with silver as a byproduct credit).

Allied Nevada intends to focus its resources towards the Hycroft operations and expansion. At this time, no exploration drilling is planned for the remainder of 2013.

Heap leach only operations outlook

Until the decision to resume construction of a mill is made, as a heap leach only operation, we expect to be able to mine existing heap leach reserves of approximately 2.0 million ounces of gold and 84.3 million ounces of silver for six years (starting in 2014) and process at a reduced rate through 2021. The average mining rate is expected to be 81.2 million total tons, including 33.5 million ore tons processed, per year. Production is expected to average 225,000 ounces of gold and 2.7 million ounces of silver annually, through 2020, assuming heap leach operations only. The Hycroft Mine deposit remains open to the south with the potential for further expansion which could provide additional heap leach mineralized material.

Hycroft Expansion Projects

We have previously announced and commenced projects to expand our oxide (heap leach) operations and implement sulfide mineralization processing capabilities through the construction of a mill, which would provide staged increases to production. Although not all of the following expansion projects are ongoing, as discussed further below, our previously announced expansion projects at the Hycroft Mine included (1) increasing the mining rate through larger capacity haul trucks, shovels, and production drills; (2) expanding leach pad operations through increased pad size, additional solution processing capacity, and the addition of a gyratory crusher to enhance the exposure of ore to the leach process; (3) constructing a mill to process higher grade transitional and sulfide mineralization; and (4) upgrading infrastructure items to handle the milling demands, including power transmission and distribution, the construction of a railroad spur and an employee housing project.

The significant decline in gold and silver prices during the second quarter of 2013 impacted our expected cash flows from operations, resulting in our decision to defer construction of the mill and related infrastructure upgrades, further discussed in the following Mill construction and Infrastructure upgrades sections.

The decision to defer the mill construction does not reduce our estimated 2013 capital expenditures, as expected spending during the 2013 year is largely for the expansion of our leach pad operations, mining equipment, and previously ordered tangible mill components. As of September 30, 2013 we had $111.3 million of outstanding purchase obligations. We estimate that 2013 capital expenditures at the Hycroft Mine for the expansion projects will total approximately $483.8 million. For additional discussion about the Hycroft Mine expansion spending see the Liquidity and Capital Resources section below.

The following sections provide details and updates on the previously announced Hycroft Mine expansion projects.

Increasing the mining rate

This phase of the expansion project was completed during the third quarter of 2013. Equipment to increase the annual mining rate first began arriving on site in late 2010 and as of the end of July 2013, we had commissioned all 33 of the planned 320-ton Komatsu haul trucks and the first two (of three) 73 cubic-yard electric rope shovels. During the third quarter of 2013, we began efforts to sell the third electric rope shovel (which has not been built), and is included in Prepaids and other as property and equipment held for sale in our Condensed Consolidated Balance Sheet. We believe that our current mobile equipment fleet is sufficient to support our future operations, including a milling scenario, without a third electric rope shovel.

¹  The term “adjusted cash costs per ounce” is a non-GAAP financial measure. Non-GAAP financial measures do not have any standardized meaning prescribed by GAAP and, therefore, should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. See the section on “Non-GAAP Financial Measures” in this MD&A for additional information.

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Expanding leach pad operations

To accommodate the increased mining rate we have expanded and are continuing to expand our leach pad capacity and solution processing capabilities. The North leach pad, which was commissioned during the second quarter of 2013, increased our gross leach pad capacity by 80.0 million tons. We had 60.0 million tons of remaining leach capacity as of September 30, 2013, an increase of 48.0 million tons from the December 31, 2012 remaining capacity of 12.0 million tons. The new 21,500 gpm Merrill-Crowe processing plant increased our total solution processing capacity to 33,000 gpm. As long as our solution flows remain at 26,500 gpm or less, we would expect processing to occur at the new and old Merrill-Crowe plants, thereby eliminating the use of our less efficient carbon columns. The new Merrill-Crowe plant began processing 7,000 gpm of solution in mid-October and by the end of October was fully commissioned and capable of processing solution at the full 21,500 gpm capacity. During the third quarter of 2013, we continued construction on the crushing system, including the primary, secondary, and tertiary crushers, which we expect to commission in the fourth quarter of 2013. Assuming there are no delays in commissioning the crushing system, we expect that this phase of the expansion project will be considered largely complete by the end of 2013.

In 2014, we do not expect to add additional leach pad space. As part of our sustaining capital requirements we may need to add leach pad space in 2015. We had originally planned to construct a new pad, which we referred to as the "South leach pad"; however, we now believe that we can expand our leach pad capacity on the north side of the property.

Mill construction

To process the higher grade oxide and transitional ores and the sulfide ore, our previously announced expansion plans included the construction of a mill, which we have decided to defer due to declining metal prices and the resultant lower than expected cash flows generated by our operations.

During the next twelve months we will continue to develop an optimized mill plan, perform test work for onsite oxidation of our concentrates, and finalize the permits necessary to operate a mill once constructed. As part of the mill optimization work, we have engaged a third party to complete a feasibility study which will incorporate the results of our concentrate oxidation test work. We also plan to evaluate varying mill scenarios in terms of design capacity, including a staged mill scenario in which we would start with a 75,000 tons per day plant that could be increased to 130,000 tons per day in the future once the initial phase is operating according to plan. At this time, we cannot estimate a revised time frame, scope, or capital cost for different mill scenarios or revised long-term projections and estimates of production. We expect to make a decision on when construction of a mill will be resumed once a new feasibility study is completed, which we anticipate completing during the third quarter of 2014.

We continue to work with our engineers to finalize and catalog the detailed engineering work performed thus far so it can be quickly resumed at a future date. Some mill related capital spending will continue during the remainder of 2013 as we receive the mills themselves, the motors, and finish cataloging the mill-related engineering. Mill components that we have received (and continue to be received) will be stored until the decision is made to continue construction of a mill or offer the components for sale.

Infrastructure upgrades

Our previously announced expansion plans required improvements to infrastructure at the Hycroft Mine, including the construction of a rail spur and upgrading the power transmission and distribution system to handle the demands of a mill and our electric rope shovels. Concurrently with our decision to defer construction of a mill, we decided to delay certain infrastructure improvements, including the rail spur and certain electrical upgrades, which were specific to supporting the demands of a mill. However, during the third quarter of 2013, we continued work on necessary infrastructure upgrades to support our expanding leach pad operations, including the electric rope shovels, Merill-Crowe plant, and crushing system.

Additionally, we have been building single family homes and townhouses in Winnemucca, NV for our current workforce and in anticipation of an expanded future workforce necessary to operate a mill, which we planned to rent and/or sell to our employees. Our original plans called for the completion of 39 single family homes and 50 townhouses; however, the scope of our housing needs is now lower with our decision to defer construction of a mill. Our plans are now to complete 29 single family homes and 34 townhouses. We have also completed a temporary housing project in anticipation of lodging needs related to the construction of a mill. We expect to vacate this facility by the end of 2013 and believe it will be available for use if we begin construction of a mill.

Results of Operations

Revenue

Gold revenue

The table below summarizes changes in gold revenue, ounces sold, and average realized prices for the following periods:

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	Three months ended September 30,					Nine months ended September 30,
	2013			2012		2013			2012
Total gold revenue (thousands)	$	72,649		$	59,337	$	172,567		$	122,812
Gold ounces sold	52,713			34,851		121,481			72,960
Average realized price (per ounce)1	$	1,378		$	1,703	$	1,421		$	1,683
	2013 vs. 2012					2013 vs. 2012
The change in gold revenue was attributable to (thousands):
Increase in ounces sold	$	30,411				$	81,674
Decrease in average realized price	(11,305		)			(19,170		)
Effect of average realized price decrease on ounces sold increase	(5,794		)			(12,749		)
	$	13,312				$	49,755

During the third quarter and first nine months of 2013 our gold revenue increased by approximately 22% and 41%, respectively, from the same periods of 2012 primarily due to increases in the number of gold ounces sold. Increases in the number of gold ounces sold in the 2013 periods were due to our expanded mine equipment fleet, increased ore under leach and solution flows, and increased solution processing capacity created by the additional carbon columns. During the third quarter of 2013 we processed solution at an average of 13,993 gpm, an increase of 124% from the third quarter of 2012. When compared to the 2012 periods, gold revenue for the third quarter and first nine months of 2013 was negatively impacted by decreases in the average realized price per ounce of $325 (19%) and $262 (16%), respectively.

Silver revenue

The table below summarizes changes in silver revenue, ounces sold, and average realized prices for the following periods:

	Three months ended September 30,					Nine months ended September 30,
	2013			2012		2013			2012
Total silver revenue (thousands)	$	4,092		$	5,492	$	12,362		$	14,908
Silver ounces sold	184,082			177,844		505,151			480,886
Average realized price (per ounce)	$	22		$	31	$	24		$	31
	2013 vs. 2012					2013 vs. 2012
The change in silver revenue was attributable to (thousands):
Increase in ounces sold	$	193				$	752
Decrease in average realized price	(1,539		)			(3,140		)
Effect of average realized price decrease on ounces sold increase	(54		)			(158		)
	$	(1,400	)			$	(2,546	)

During the third quarter and first nine months of 2013 our silver revenue decreased by approximately 25% and 17%, respectively, primarily due to decreases in the average realized prices per ounce and lower silver recoveries from solution processed through the carbon columns. The silver ounces to gold ounces sold ratio the first nine months of 2013 was approximately 4.2:1, compared to approximately 6.6:1 during the same period of 2012. During the fourth quarter we expect the silver ounces to gold ounces sold ratio to increase to over 6.0:1 when solution is primarily processed through the new Merrill-Crowe plant, which yields higher silver recoveries than the carbon columns.

¹  The average realized price per gold ounce for the third quarter of 2013 includes positive adjustments that totaled approximately $17/oz related to the settlement of provisionally priced sales. There were no such adjustments to the average realized prices per ounce during any of the other periods presented. For additional information on our provisionally priced sales see Note 17 - Derivative Instruments to our Notes to Condensed Consolidated Financial Statements.

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Total cost of sales

Total cost of sales consists of production costs and depreciation and amortization. The table below summarizes changes in total cost of sales for the following periods (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2013		2012		2013		2012
Production costs	$	51,775	$	29,533	$	108,813	$	59,110
Depreciation and amortization	9,607		3,758		19,194		7,859
Total cost of sales	$	61,382	$	33,291	$	128,007	$	66,969
	2013 vs. 2012				2013 vs. 2012
The change in cost of sales was attributable to:
Increase in gold ounces sold	$	17,063			$	44,537
Increase in average cost of sales per ounce	7,291				9,910
Effect of average cost per ounce increase on ounces sold increase	3,737				6,591
	$	28,091			$	61,038

As discussed above in the Gold Revenue section, during the third quarter and first nine months of 2013 we sold 51% (or 17,862 ounces) and 67% (or 48,522 ounces) more gold ounces, respectively, than the same periods of 2012 which, together with an increase in the average cost of sales per gold ounce, increased our total cost of sales.

Production costs

As shown above in the Hycroft Mine – Operations table, during the third quarter and first nine months of 2013 we experienced lower waste to ore strip ratios than the same periods of 2012; however, higher first half of 2013 production costs continued to negatively impact our average cost of sales per ounce. Additional drilling, lime, and cyanide costs associated with the Lewis leach pad remediation, increased maintenance costs of older loading equipment, and inefficient utilization of the mobile fleet resulted in a significant increase to the average cost per ounce placed on the leach pad during the first six months of 2013. During the third quarter of 2013 our average mining cost per ton and average processing cost per ore ton decreased by 22% and 14%, respectively, from second quarter 2013 per ton amounts. We expect such efficiencies in mining and processing costs to continue during the remainder of 2013, which we believe will decrease our future production costs.

Further, during the first nine months of 2013 approximately 44% of our gold ounces sold were from in-process inventories and were subject to an additional $3.2 million of external refining fees when compared to the same period of 2012. The new Merrill-Crowe plant began processing 7,000 gpm of solution in mid-October and by the end of October was fully commissioned and capable of processing solution at the full 21,500 gpm capacity. We believe that the new Merrill-Crowe plant will significantly reduce our future external refining fees during the remainder of 2013 (and beyond) as we expect to be able to process all of our solution into doré on site beginning in November of 2013.

Depreciation and amortization

We had in service an additional $260.6 million (or approximately 82%) of plant, equipment, and mine development at the end of the third quarter of 2013 compared to the same period of 2012, including the North leach pad, two electric rope shovels, and several haul trucks, resulting in increased depreciation and amortization.

Exploration, development, and land holding costs

Exploration, development, and land holding costs totaled $0.9 million and $3.0 million during the third quarters of 2013 and 2012, respectively, and $3.1 million and $5.2 million during the first nine months of 2013 and 2012, respectively, consisting of compensation and benefit costs for our exploration employees, land holding and claim maintenance fees, and exploration activity fees (when present). Exploration and development costs were higher in the 2012 periods due to drilling campaigns that took place at some of our Advanced Exploration Properties (Hasbrouck, Three Hills, and Wildcat). We have no plans for exploration activities at any of our properties for the remainder of 2013 and no longer employ a statewide exploration workforce.

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Corporate general and administrative

Corporate general and administrative costs totaled $3.7 million and $2.6 million during the third quarters of 2013 and 2012, respectively, and $15.5 million and $11.7 million during the first nine months of 2013 and 2012, respectively. Increases to corporate general and administrative costs of $1.1 million and $3.8 million during the third quarter and first nine months of 2013, respectively, compared to the same periods of 2012 were attributable to increased staff levels in support of our growing operations and increased stock-based compensation costs. Although we reduced our corporate workforce by approximately 40% during the third quarter of 2013, we experienced increased costs compared to the 2012 periods as our overall workforce was larger during substantially all of the 2013 periods. Stock-based compensation costs for directors increased $1.5 million during the first nine months of 2013 compared to the same period of 2012. In the 2012 period, mark-to-market adjustments for outstanding shares granted under the Deferred Phantom Unit Plan (prior to its August 2012 plan modification) resulted in reductions to stock-based compensation costs.

Separation and severance costs

Separation and severance costs relate to the rationalizing of our employee headcount to align our operations in the most strategic and cost-efficient manner and totaled $3.0 million and $5.9 million during the the third quarter and first nine months of 2013, respectively. During the third quarter of 2013 we reduced the Hycroft Mine workforce by approximately 24% and our corporate workforce by approximately 40%. There were no comparable costs in the 2012 periods. For additional detail on our separation and severance costs, see Note 11 - Separation and Severance Costs to our Notes to Condensed Consolidated Financial Statements.

Interest expense

Interest expense was $5.4 million and $7.9 million during the third quarters of 2013 and 2012, respectively, and $13.7 million and $11.8 million during the first nine months of 2013 and 2012, respectively. We issued senior notes in May of 2012 and regularly enter into additional capital lease and term loan obligations for mine equipment, both of which increase interest expense. Interest expense is reduced for amounts capitalized to our project expenditures. For additional detail on our recorded interest expense, including amounts capitalized, see Note 8 - Debt to our Notes to Condensed Consolidated Financial Statements.

Other, net

Other, net was $1.4 million of expense and $2.3 million of expense during the third quarter and first nine months of 2013, respectively, compared to nominal amounts during the same periods of 2012. Other, net in the 2013 and 2012 periods consisted primarily of losses on disposals of mineral properties, losses to adjust assets held for sale to fair value, and fair value changes to marketable equity securities received in a 2011 mineral property sale. For additional detail on our other income and expense, see Note 12 - Other, Net to our Notes to Condensed Consolidated Financial Statements.

Income tax benefit (expense)

We recorded an income tax benefit of $4.1 million and $1.8 million during the third quarter and first nine months of 2013, respectively, compared to income tax expense of $4.5 million and $10.5 million during the third quarter and first nine months of 2012, respectively. Our estimated annual effective tax rates differ from the United States statutory rate of 35% primarily due to the effects of the percentage depletion deduction. Because our 2013 projected percentage depletion expense exceeds our projected 2013 pre-tax book income, we are currently estimating an overall 2013 income tax benefit and, as such, have recorded income tax benefits during the three and nine months ended September 30, 2013. For additional detail on our recorded income tax benefit (expense), see Note 13 - Income Tax Expense to our Notes to Condensed Consolidated Financial Statements.

Net income

For the reasons described above, we reported net income of $5.0 million and $13.4 million during the third quarters of 2013 and 2012, respectively, and $18.0 million and $31.6 million during the first nine months of 2013 and 2012, respectively.

Other comprehensive income (loss), net of tax

During the third quarter and first nine months of 2013 other comprehensive income, net of tax totaled $2.5 million and $3.5 million, respectively. Other comprehensive loss, net of tax was $1.8 million and $5.5 million during the third quarter and first nine months of 2012, respectively. Other comprehensive income (loss), net of tax includes fair value adjustments to our cash flow hedge instruments, settlements of such hedges, and reclassifications into earnings. For additional detail, see Note 17 - Derivative Instruments to our Notes to Condensed Consolidated Financial Statements.

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Liquidity and Capital Resources

General

We closely manage our liquidity and capital resources by, among other things, (1) monitoring metal prices and the impacts (near-term and future) they have on our business; (2) controlling our working capital; (3) managing discretionary general and administrative and exploration related spending; (4) planning the timing and amounts of capital expenditures at the Hycroft Mine; and (5) reviewing our existing borrowing arrangements and availability under such arrangements. Our future liquidity and capital resources management strategy entails a disciplined approach to monitor the timing and amount of our investment in the expansion of the Hycroft Mine while continually remaining in a position that allows us to respond to changes in our business environment, such as a decrease in metal prices, and changes in other factors beyond our control. Accordingly, and as discussed above in the Hycroft Expansion Projects section, we have deferred construction of a mill in response to declining metal prices and have focused on improving our financial position, which we believe will allow us to advance a mill project and related construction in a responsible manner at a later date.

Cash and cash equivalents and liquid assets

Our principal sources of liquidity are cash and cash equivalents, as well as any cash flow from our ongoing business, which we believe will allow us to meet our needs for working capital, capital expenditures, debt service, and other liquidity requirements associated with our operations and expansion projects for at least the next 12 months.

We have placed substantially all of our cash and cash equivalents in short-term money market instruments with a single, high quality financial institution, thereby ensuring balances remain readily available. Due to the nature of our operations and the composition of our current assets, our cash and cash equivalents and accounts receivable balances represent substantially all of our liquid assets on hand. As of September 30, 2013, we had existing cash and cash equivalents of $154.5 million, which decreased from the December 31, 2012 balance of $347.0 million due to the $285.3 million of cash used in our ongoing expansion projects at the Hycroft Mine, which exceeded the $142.2 million of net proceeds generated from our May 2013 public offering. For additional detail on our 2013 cash and cash equivalents activity, see the Sources and uses of cash for the first nine months of 2013 and 2012 section below.

In addition to our liquid assets on hand as of September 30, 2013, our current Inventories and Ore on leach pads contained approximately 177,299 ounces of gold which we believe may provide us with additional liquidity as such ounces are expected to be sold within the next 12 months. Assuming an average gold selling price of $1,200 per ounce and excluding any proceeds from silver sales, the sale of all 177,299 ounces of gold estimated to be contained in our current Inventories and Ore on leach pads would provide us with $212.8 million of revenue during the next 12 months. As shown above in the Hycroft Mine - Operations table, the average spot price per ounce of gold during the third quarter and first nine months of 2013 was $1,326 and $1,456, respectively.

Future cash requirements

We expect our future net cash used in investing and financing activities during the next year will exceed any cash flows provided by operating activities during the same period. Our primary future cash requirements will be to fund our expansion of the Hycroft Mine (as revised), discussed above in the Hycroft Expansion Projects section, make scheduled semi-annual interest payments on the May 2012 senior notes (the “Notes”), and make scheduled principal and interest payments on our capital lease and term loan obligations. See the Contractual Obligations section below for additional detail on our future cash requirements.

As discussed in this Liquidity and Capital Resources section, we believe that we have sufficient resources to fund our operations and expansion projects for at least the next 12 months. Our liquidity and capital resources management entails a disciplined strategy that allows us to respond to changes in our business environment and other factors beyond our control. We do, however, continually evaluate financing options that may improve our current liquidity and financial condition, are attainable on favorable and reasonable terms, and are permissible under our existing debt agreements. This may include, but is not limited to, issuance of various forms of equity and/or debt securities or other instruments or arrangements such as joint ventures. Additionally, the timing of capital expenditures for our expansion projects can be adjusted, if we feel necessary, to respond to changes in our business environment. As discussed above in the Hycroft Expansion Projects section, we have deferred construction of a mill in response to declining metal prices and have focused on improving our financial position which we believe will allow us to advance a mill project and related construction in a responsible manner at a later date.

Available source of liquidity

Revolving credit facility

In addition to our cash and cash equivalents and liquid assets discussed above, our October 2012 $120.0 million revolving credit agreement (the “Revolver”), which matures in April 2016, may provide us with additional liquidity depending on our compliance with the Revolver's covenants on the date credit is requested. As of and for the quarter ended September 30, 2013, no amounts were borrowed or outstanding under the Revolver.

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In September 2013, we entered into the Third Amendment to Credit Agreement (the “Third Amendment”) to the Revolver which modified the Interest Coverage Ratio and Leverage Ratio, as defined in the Revolver, for the three months ended September 30, 2013. Such amended ratios returned to the ratios originally contained in the Revolver on October 1, 2013 and all dates thereafter. The Third Amendment also modified the definition of Calculation Date, as defined in the Revolver, to require us to calculate certain financial ratios on a pro forma basis on each date upon which we request credit, which will determine our compliance with certain covenants contained in the Revolver.

While we were in compliance with the amended covenants as of September 30, 2013, and believe we remain in compliance, we regularly monitor our projected compliance under the Revolver’s financial ratio tests and believe that future amendments to the Revolver will be necessary for us to maintain compliance. If such future amendments are not agreed to by the lenders, the Revolver would no longer be available for us to draw upon, which would negatively impact our available sources of liquidity and could result in an event of default. An event of default, if not cured, would result in a cross-default on other debt covenants and permit certain lenders to accelerate our outstanding borrowings, including our Notes and capital lease and term loan obligations. As of October 1, 2013, we do not believe that we were able to meet the financial ratios contained in the Revolver on a pro forma basis and therefore, we are currently unable to draw upon the Revolver.

We are working with the lenders to amend the Revolver to reduce the size of the Revolver to $75.0 million and eliminate the financial ratio covenants, which currently preclude us from drawing down on the Revolver. While we expect to be successful in amending the Revolver, we cannot be certain that we will receive such amendment and we may not have access to the Revolver in the future. If we are unsuccessful in amending the Revolver we may pursue other forms of secured financing.

Sources and uses of cash for the first nine months of 2013 and 2012 (in thousands)

	Nine months ended September 30,						Increase (decrease)
	2013			2012			2013 vs. 2012
Net income	$	18,019		$	31,612		$	(13,593	)
Net non-cash adjustments	24,966			25,536			(570		)
Net change in operating assets and liabilities	(56,704		)	(53,281		)	(3,423		)
Net cash (used in) provided by operating activities	(13,719		)	3,867			(17,586		)
Net cash used in investing activities	(294,597		)	(152,299		)	(142,298		)
Net cash provided by financing activities	115,725			376,232			(260,507		)
Net (decrease) increase in cash and cash equivalents	(192,591		)	227,800			$	(420,391	)
Cash and cash equivalents, beginning of period	347,047			275,002
Cash and cash equivalents, end of period	$	154,456		$	502,802

Cash used in operating activities

Our operating cash flows vary with prices realized from metal sales, sales volumes, production costs, mine plans, working capital changes, and non-cash amounts included in net income. Our operating cash flows are largely impacted by increases in production related inventories as we have increased our mining rate and are expanding our heap leach operations.

During the first nine months of 2013 our net income and net non-cash adjustments decreased by $14.2 million for the reasons discussed above in the Results of Operations. During the first nine months of 2013, we used approximately $100.6 million of cash to increase our recoverable gold ounces included in Inventories and Stockpiles and ore on leach pads by 81,093 ounces and $6.5 million of cash related to an increase in our materials and supplies inventories. This use of cash was offset by a $49.5 million net decrease in accounts receivable attributable to the collection of a receivable from the second half 2012 sale of unprocessed carbon and precipitate.

Cash used in investing activities

The amount of cash used in investing activities significantly increased in the first nine months of 2013 compared to the same period of 2012 due to the expansion projects at the Hycroft Mine. During the first nine months of 2013, cash additions to plant, equipment, and mine development totaled $285.3 million and included $91.4 million for the crushing facility, $50.0 million for the mill project, $37.7 million for processing upgrades, $36.6 million for mine equipment, $30.0 million for leach pad expansions, $20.1 million for mine development, $14.4 million for an employee housing project, and $4.9 million for other additions. Additionally, during the first nine months of 2013 we increased our restricted cash balances by $9.4 million to satisfy financial assurance requirements for the estimated future reclamation and remediation costs at our Hycroft Mine.

During the first nine months of 2012, significant additions to plant, equipment, and mine development included $47.4 million for the crusher and related excavation, $23.9 million for mine development, $16.2 million for the mill project, and $11.5 million for leach pad expansions. Additionally, during the 2012 period, we paid $16.7 million for deposits on the crusher, mill, and employee housing projects, $3.8 million for other capital projects, and increased restricted cash balances by $12.5 million to satisfy financial assurance requirements for our expanding mine operations and surface disturbances at our Hycroft Mine.

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Cash provided by financing activities

During the first nine months of 2013, we completed a public offering for gross proceeds of $150.5 million and paid fees, commissions, and related offering costs of $8.5 million. Our principal repayments on capital lease and term loan obligations totaled $25.5 million, increasing from the first nine months of 2012 as a result of entering into additional obligations, primarily for haul trucks, the two electric wire rope shovels, and other mobile mine equipment.

During the first nine months of 2012, we issued senior notes for gross proceeds of $400.4 million (after the effect of the cross currency and interest rate swap), and paid related debt issuance costs of $13.3 million. For additional detail on our senior notes, see Note 8 - Debt to our Notes to Condensed Consolidated Financial Statements. Additionally, our repayments on capital lease obligations totaled $10.6 million.

Capital requirements

We believe that cash flows from our ongoing business, when combined with our existing cash and cash equivalents and other liquid assets, will be sufficient over at least the next twelve months to meet operational needs, make capital expenditures, invest in the business and service debt due. The following table provides our gross contractual obligations as of September 30, 2013 (in thousands):

	Total		Payments Due by Period
			Less than		1 – 3		3 – 5		More than
Contractual Obligations			1 year		Years		Years		5 Years
Capital lease and term loan obligations (1)	$	238,557	$	62,663	$	103,802	$	54,709	$	17,383
Senior notes (2)	601,602		33,534		67,067		67,067		433,934
Remediation and reclamation obligations (3)	23,951		331		561		19		23,040
Property option and claim maintenance obligations (4)	14,220		882		2,132		2,492		8,714
Term and security deposit loan (5)	18,125		18,125		—		—		—
Purchase obligations (6)	111,308		111,308		—		—		—
	$	1,007,763	$	226,843	$	173,562	$	124,287	$	483,071

(1) Amount represents principal and interest payments.

(2) Amount represents principal and interest payments after the effect of the cross currency swap agreement. The senior notes mature on June 1, 2019 with semi-annual interest payments due on June 1 and December 1.

(3) Mining operations are subject to extensive environmental regulations in the jurisdictions in which they are conducted and we are required, upon cessation of operations, to reclaim and remediate the lands that our operations have disturbed. The estimated undiscounted cash outflows of these remediation and reclamation obligations are reflected here.

(4) Includes BLM and county claim fees and a 4% net profits royalty on Crofoot claims at the Hycroft Mine.

(5) Amount represents the principal and accrued interest that will become due when the Company sells the components of the third electric rope shovel, which is classified as held for sale. The proceeds received from the sale of the shovel will be used to repay the related debt. For additional information see Note 8 - Debt and Note 5 - Prepaids and Other Assets to our Notes to Condensed Consolidated Financial Statements.

(6) Purchase obligations are not recorded in the Consolidated Financial Statements. Purchase obligations primarily represent obligations for the purchase of capital items associated with the ongoing expansion projects at the Hycroft Mine. The amounts shown above represent certain purchase obligations which we cannot cancel, or which would require payment of penalties if canceled.

Debt covenants

We were in compliance with all debt covenants as of September 30, 2013, which are discussed below in additional detail.

Senior notes

In May 2012, we issued CDN $400.0 million of uncollateralized Notes that pay interest semi-annually at the rate of 8.75% per annum and mature in June 2019. Concurrently with the issuance of the Notes, we entered into a cross currency swap agreement based upon a notional amount of $400.4 million, the gross proceeds to us from the issuance, and a fixed interest rate of 8.375%. The Notes constitute senior unsecured obligations and are guaranteed by most of our currently wholly owned subsidiaries, including Hycroft Resources & Development Inc., which owns the Hycroft Mine and conducts mining operations. We are using the net proceeds from the Notes to fund capital expenditures at the Hycroft Mine.

The indenture for the Notes may, among other things, limit our ability and the ability of our subsidiary guarantors to (i) pay dividends, or make certain other restricted payments or investments; (ii) incur additional indebtedness and issue disqualified stock; (iii) create liens on our and their assets; (iv) transfer and sell assets; (v) merge, consolidate or sell all or substantially all of our and their assets; (vi) enter into certain transactions with affiliates; (vii) create restrictions on dividends or other payments by our subsidiary guarantors and (viii) create guarantees of indebtedness by our subsidiary guarantors. These covenants are subject to a number of important limitations and exceptions that are described in the indenture for the Notes.

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Upon the occurrence of a change of control triggering event specified in the indenture for the Notes, we must offer to purchase the Notes at a redemption price equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to the date of purchase.

The indenture for the Notes provides for customary events of default (subject in certain cases to customary grace and cure periods), which include nonpayment, breach of covenants in the indenture for the Notes, payment defaults or acceleration of other indebtedness, a failure to pay certain judgments and certain events of bankruptcy and insolvency. If an event of default occurs and is continuing, the trustee or holders of at least 25% in principal amount of the outstanding Notes may declare the principal, accrued and unpaid interest, if any, on all the Notes to be due and payable. These events of default are subject to a number of important qualifications, limitations and exceptions that are described in the indenture for the Notes.

Revolving credit facility

Our October 2012 $120.0 million Revolver, which matures in April 2016, is collateralized by most of our assets and among other things, contains covenants related to net worth, interest coverage and leverage ratios, and limitations on dividends.

In September 2013, we entered into the Third Amendment to the Revolver which modified the Interest Coverage Ratio and Leverage Ratio, as defined in the Revolver, for the three months ended September 30, 2013. Such amended ratios returned to the ratios originally contained in the Revolver on October 1, 2013 and all dates thereafter.

As discussed in the above section Available sources of liquidity - Revolving credit facility, we are currently working to amend the Revolver to reduce the size of the Revolver to $75.0 million and eliminate the financial ratio covenants. If we are unable to amend the Revolver or receive future amendments to the Revolver's financial ratio covenants we may no longer be able to remain in compliance with the Revolver's covenants which could result in an event of default. In an event of default, the lenders under our Revolver could terminate their commitments to loan us money and we would cross-default on other debt covenants, including our Notes and our capital lease and term loan obligations. An event of default, if not cured, would permit certain lenders to accelerate outstanding borrowings and/or proceed against collateral granted to them if they so choose.

Term and Security Deposit Loan Agreement

In March 2013, we entered into a Term and Security Deposit Loan Agreement (the" Loan Agreement") related to the purchase of three electric rope shovels. Under the Loan Agreement, up to $60.0 million was made available to us for scheduled advance security deposit payments pursuant to purchase agreements for the electric rope shovels and up to $90.0 million was made available for term loan financing to fund the purchase of the electric rope shovels as they were commissioned at the Hycroft Mine. The electric rope shovels secure all amounts borrowed by us under the Loan Agreement. The Loan Agreement contains customary covenants, agreements, and events of default for loan agreements of this type.

Capital lease obligations

Certain capital lease obligations contain financial covenants related to net worth, interest coverage and leverage ratios, and contain limitations on dividends. The financial covenants reference the financial ratios contained in the Revolver. As discussed above in the Revolving credit facility section, the Third Amendment to the Revolver resulted in modified financial ratio covenants for certain capital lease obligation covenants for the third quarter of 2013.

Non-GAAP Financial Measures

Adjusted Cash Costs per Ounce

Adjusted cash costs per ounce is a non-GAAP financial measure, calculated on a per ounce of gold sold basis, and includes all direct and indirect operating cash costs related to the physical activities of producing gold, including mining, processing, third party refining expenses, on-site administrative and support costs, royalties, and mining production taxes, net of revenue earned from silver sales. Because we are a primary gold producer and our operations focus on maximizing profits and cash flows from the extraction and sale of gold, we believe that silver revenue is peripheral and not material to our key performance measures or our Hycroft Mine operating segment and, as such, adjusted cash costs per ounce is reduced by the benefit received from silver sales.

Adjusted cash costs per ounce provides management and investors with a further measure, in addition to conventional measures prepared in accordance with GAAP, to assess the performance of our mining operations and ability to generate cash flows over multiple periods from the sale of gold. Non-GAAP financial measures do not have any standardized meaning prescribed by GAAP and, therefore, may not be comparable to similar measures presented by other mining companies. Accordingly, the above measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP.

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The table below presents a reconciliation between non-GAAP adjusted cash costs, which is the numerator used to calculate non-GAAP adjusted cash costs per ounce, to Production costs (GAAP) for the three and nine months ended September 30, 2013 and 2012 (in thousands, except ounces sold):

	Three months ended September 30,						Nine months ended September 30,
	2013			2012			2013			2012
Production costs	$	51,775		$	29,533		$	108,813		$	59,110
Less: Silver revenues - Note 10	(4,092		)	(5,492		)	(12,362		)	(14,908		)
Total adjusted cash costs	$	47,683		$	24,041		$	96,451		$	44,202
Gold ounces sold - Note 10	52,713			34,851			121,481			72,960
Adjusted cash costs per ounce	$	905		$	690		$	794		$	606

Off-balance sheet arrangements

As of September 30, 2013, we had no off-balance sheet arrangements.

Accounting Developments

For a discussion of recently issued and recently adopted accounting pronouncements, see Note 1 - Basis of Presentation and Note 2 - Accounting Pronouncements to our Notes to Condensed Consolidated Financial Statements.

Critical Accounting Estimates

This Management’s Discussion and Analysis of Financial Condition and Results of Operations is based on our Condensed Consolidated Financial Statements, which have been prepared in accordance with generally accepted accounting principles in the United States. The preparation of these statements requires us to make assumptions, estimates, and judgments that affect the reported amounts of assets, liabilities, revenues, and expenses. For information on our most critical accounting estimates, see the Critical Accounting Estimates section included in Part II – Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2012.

Cautionary Statement Regarding Forward-Looking Statements

In addition to historical information, this Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the Private Securities Litigation Reform Act of 1995 (the “PSLRA”) or in releases made by the SEC, all as may be amended from time to time. All statements, other than statements of historical fact, included herein or incorporated by reference, that address activities, events or developments that we expect or anticipate will or may occur in the future, are forward-looking statements, including but not limited to such things as:

• our future business strategy, plans and goals;

• future gold and silver prices;

• our estimated future capital expenditures, construction, and other cash needs and expectations as to the funding or timing thereof;

• our expansion expectations, including with respect to the Hycroft Mine and Hasbrouck/Three Hills properties;

• our expectations regarding the growth of our business and our estimates of mineral reserves and other mineralized material;

• the economic potential of the sulfide mineralization and milling project at the Hycroft Mine;

• the preliminary economic assessment at the Hasbrouck property;

• the anticipated results of the exploration drilling programs at our properties;

• our production estimates;

• our expectations regarding gold and silver recovery;

• our estimated future sales and cost of sales;

• our anticipated cash flows, cash operating costs and adjusted cash costs; and

• the availability, terms and costs related to future borrowing, debt repayment, and equity funding.

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The words “estimate”, “plan”, “anticipate”, “expect”, “intend”, “believe”, “project”, “target”, “budget”, “may”, "can", “will”, “would”, “could”, "should", “seeks”, or “scheduled to”, or other similar words, or negatives of these terms or other variations of these terms or comparable language or any discussion of strategy or intentions identify forward-looking statements. These cautionary statements are being made pursuant to the Securities Act, the Exchange Act and the PSLRA with the intention of obtaining the benefit of the “safe harbor” provisions of such laws. These statements involve known and unknown risks, uncertainties, assumptions and other factors which may cause our actual results, performance or achievements to be materially different from any results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are based on current expectations. Important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements include, but are not limited to:

• volatile market prices of gold and silver;

• risks related to the heap leaching process at the Hycroft Mine, including but not limited to gold recovery rates, gold extraction rates, leach pad remediation processes, and the grades of ore placed on our leach pads;

• uncertainties concerning estimates of mineral reserves and other mineralized material, and grading;

• cost of compliance with current and future government regulations, including those related to environmental protection, mining, health and safety, corporate governance and public disclosure;

• risks related to our ability to timely process the gold on carbon;

• uncertainties relating to obtaining or retaining approvals and permits from governmental regulatory authorities;

• risks associated with our substantial level of indebtedness;

• our ability to achieve our estimated production rates and stay within our estimated operating costs;

• the commercial success of our exploration and development activities;

• an increase in the cost or timing of new projects;

• our current intention not to use forward-sale arrangements;

• the inherently hazardous nature of mining activities, including operational, geotechnical and environmental risks;

• intense competition within the mining industry;

• uncertainties related to our ability to find and acquire new mineral properties;

• potential operational and financial effects of current and proposed federal and state regulations related to environmental protection and mining, and the exposure to potential liability created by such regulations;

• availability of equipment or supplies;

• our ability to attract and retain personnel;

• our ability to manage our growth;

• our ability to raise additional capital on favorable terms or at all;

• potential challenges to title in our mineral properties;

• risks associated with the expansion of our operations, including those associated with any future acquisitions or joint ventures; and

• potential conflicts of interests that may arise through some of our directors’ involvement with other natural resources companies.

For a more detailed discussion of such risks and other important factors that could cause actual results, performance or achievements to differ materially from those in forward-looking statements, please see the risk factors discussed in Part I—Item 1A. Risk Factors in our Annual Report on Form 10-K and in our other filings with the SEC. Although we have attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Although we base these forward-looking statements on assumptions that we believe are reasonable when made, we caution you that forward-looking statements are not guarantees of future performance and that our actual results, performance or achievements may differ materially from those made in or suggested by the forward-looking statements contained in this Form 10-Q. In addition, even if our results, performance or achievements are consistent with the forward-looking statements contained in this Form 10-Q, those results, performance or achievements may not be indicative of results, performance or achievements in subsequent periods.

Given these risks and uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statements that we make in this Form 10-Q speak only as of the date of those statements, and we undertake no obligation to update those statements or to publicly announce the results of any revisions to any of those statements to reflect future events or developments. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

There have been no material changes in our market risks during the three and nine months ended September 30, 2013. For additional information on our market risks, see Part II – Item 7A. Quantitative and Qualitative Disclosures About Market Risk in of our Annual Report on Form 10-K for the year ended December 31, 2012.

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ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Allied Nevada management, with the participation of our Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of Allied Nevada’s disclosure controls and procedures, as required by Rules 13a-15(b) and 15d-15(b) under the Exchange Act as of September 30, 2013. Our disclosure controls and procedures are designed to reasonably assure that information required to be disclosed by us, including our consolidated subsidiaries, in reports we file or submit under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding disclosure and is recorded, processed, summarized, and reported within the time periods specified in Securities and Exchange Commission’s rules and forms.

Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures were effective as of September 30, 2013 to provide such reasonable assurance.

Our management, including our Chief Executive Officer and Chief Financial Officer, believes that any disclosure controls and procedures or internal controls and procedures, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must consider the benefits of controls relative to their costs. Inherent limitations within a control system include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by unauthorized override of the control. While the design of any system of controls is to provide reasonable assurance of the effectiveness of disclosure controls, such design is also based in part upon certain assumptions about the likelihood of future events, and such assumptions, while reasonable, may not take into account all potential future conditions. Accordingly, because of the inherent limitations in a cost effective control system, misstatements due to error or fraud may occur and may not be prevented or detected.

Changes in Internal Control Over Financial Reporting

There has not been any change in Allied Nevada’s internal control over financial reporting during the three and nine months ended September 30, 2013 that has materially affected, or is reasonably likely to materially affect, Allied Nevada’s internal control over financial reporting.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

From time to time, we are party to routine litigation and proceedings that are considered part of the ordinary course of our business. We are not aware of any material current, pending, or threatened litigation.

ITEM 1A. RISK FACTORS

There have been no material changes to our risk factors during the three months ended September 30, 2013; however, gold and silver market prices have experienced significant declines during 2013 and as such, we reiterate the following previously disclosed risk factor. For additional information on risk factors refer to Part I – Item 1A. Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2012.

The market prices of gold and silver are volatile. A decline in gold and silver prices could result in decreased revenues, decreased net income or losses and decreased cash flows, and may negatively affect our business.

Gold and silver are commodities. Their prices fluctuate and are affected by many factors beyond our control, including interest rates, expectations regarding inflation, speculation, currency values, central bank activities, governmental decisions regarding the disposal of precious metals stockpiles, global and regional demand and production, political and economic conditions and other factors. The prices of gold and silver may decline in the future. A substantial or extended decline in gold or silver price would adversely impact our revenues, net income and cash flows, particularly in light of our current strategy of not engaging in hedging transactions with respect to gold or silver. In addition, sustained lower gold or silver prices may:

• reduce revenues further through production declines due to cessation of the mining of deposits, or portions of deposits, that have become uneconomic at the then-prevailing gold or silver price;

• reduce or eliminate the profit that we currently expect from ore stockpiles and ore on leach pads;

• halt, delay, defer, postpone, modify, or cease plans for the development of new and existing projects;

• make it more difficult for us to satisfy and or service our debt obligations;

• cause us to recognize an impairment to the carrying values of mineral properties or other recorded assets;

• reduce funds available for exploration with the result that depleted reserves may not be replaced; and

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• reduce existing reserves by removing ores from reserves that can no longer be economically processed at prevailing prices.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Allied Nevada considers health, safety and environmental stewardship to be a core value for the Company and received a “Sentinels of Safety” award at Hycroft for 2008 in 2009. Allied Nevada has a mandatory safety and health program including employee training, risk management, workplace inspection, emergency response, accident investigation and program auditing. The Company considers this program to be essential at all levels to ensure that employees and the Company conduct themselves in an environment of exemplary health, safety and environmental governance.

The information concerning mine safety violations or other regulatory matters required by Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 104 of Regulation S-K is included in Exhibit 95.1 to this Quarterly Report on Form 10-Q.

ITEM 5. OTHER INFORMATION

Amendment of By-laws

On October 31, 2013, the Board of Directors (the “Board”) of the Company approved the amendment of (i) Article VII of the Company’s By-laws (the “By-laws”) by adding new Section 6 to designate an exclusive forum for the adjudication of disputes and (ii) Article IX of the By-laws to require a supermajority vote, instead of the previously required majority vote, of either the Company’s outstanding voting shares or the Board to amend the By-laws. The amendments to the By-laws are effective immediately.

The exclusive forum provision provides that, unless the Company consents in writing to the selection of an alternative forum, the sole and exclusive forum for any such action or proceeding shall be a state or federal court located within the state of Delaware, in all cases subject to the court's having personal jurisdiction over the indispensable parties named as defendants. Any person or entity purchasing or otherwise acquiring any interest in shares of capital stock of the Company shall be deemed to have notice of and consented to the provisions of this amendment to the Company's By-laws. The supermajority vote provision provides that, except as otherwise provided in the Company’s Certificate of Incorporation, a two-thirds vote of either the Company’s outstanding voting shares or the Board is required to alter, amend or repeal the By-laws or adopt new By-laws, except that stockholders may only alter, amend or repeal Article VIII (regarding indemnification of the Company’s directors and officers) of the By-laws by an eighty percent (80%) vote of the Company’s outstanding voting shares.

The foregoing description of the amendments to the Company’s By-laws is qualified in its entirety by reference to the full text of the By-laws, as conformed to reflect the October 31, 2013 amendments, a copy of which is attached hereto as Exhibit 3.2 and is incorporated herein by reference.

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ITEM 6. EXHIBITS

(a) Exhibits

Exhibit Number	Description of Document
Articles of Incorporation and By-laws
3.2	By-laws of Allied Nevada Gold Corp., as amended October 31, 2013.
Material Contracts.
10.1†	Third Amendment to Amended and Restated Credit Agreement, dated as of September 30, 2013, between Allied Nevada Gold Corp., The Bank of Nova Scotia, Commonwealth Bank of Australia, National Bank of Canada and Société Générale (Canada Branch) (incorporated herein by reference to Exhibit 10.1 of Allied Nevada Gold Corp.’s Current Report on Form 8-K dated September 30, 2013 and filed with the SEC on October 1, 2013).
Rule 13a-14(a)/15d-14(a) Certifications.
31.1	Certification of Chief Executive Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended
31.2	Certification of Chief Financial Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended
Section 1350 Certifications.
32.1	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
Mine Safety Disclosure Exhibits.
95.1	Mine Safety Disclosures
Interactive Data File.
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Label Linkbase Document
101.PRE	XBRL Taxonomy Presentation Linkbase Document

† Not filed herewith, but incorporated herein by reference.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		ALLIED NEVADA GOLD CORP. (Registrant)
Date:	November 5, 2013	By:	/s/    Randy E. Buffington
			Randy E. Buffington President and Chief Executive Officer
Date:	November 5, 2013	By:	/s/    Stephen M. Jones
			Stephen M. Jones Executive Vice President and Chief Financial Officer

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EX-3.2

Exhibit 3.2

Effective as of October 31, 2013

BY-LAWS OF

ALLIED NEVADA GOLD CORP.

(A Delaware Corporation)

ARTICLE I.

OFFICES

Section 1. Registered Office. The registered office shall be at the office of National Registered Agents, Inc., 160 Greentree Drive, Suite 101, in the City of Dover, County of Kent, Delaware 19904.

Section 2. Other Offices. The corporation may also have offices at such other places both within and without the State of Delaware as the Board of Directors may from time to time determine or the business of the corporation may require.

ARTICLE II.

MEETINGS OF STOCKHOLDERS

Section 1. Annual Meeting. An annual meeting of the stockholders for the election of directors shall be held at such place, if any, either within or without the State of Delaware, as shall be designated on an annual basis by the Board of Directors and stated in the notice of the meeting. Meetings of stockholders for any other purpose may be held at such time and place, if any, either within or without the State of Delaware, as shall be stated in the notice of the meeting or in a duly executed waiver of notice thereof. Any other proper business may be transacted at the annual meeting.

Section 2. Notice of Annual Meeting. Written notice of the annual meeting stating the place, if any, date and hour of the meeting, the means of remote communications, if any, by which stockholders may be deemed to be present in person and vote at such meeting shall be given to each stockholder entitled to vote at such meeting not less than ten nor more than sixty days before the date of the meeting.

Section 3. Scope of Business at Annual Meeting. Only such business shall be conducted as shall have been properly brought before a meeting of the stockholders of the corporation. To be properly brought before the annual meeting, business must be either (i) specified in the notice of annual meeting (or any supplement or amendment thereto) given by or at the direction of the Board of Directors, (ii) otherwise brought before the annual meeting by or at the direction of the Board of Directors, or (iii) otherwise properly brought before the annual meeting by a stockholder. In addition to any other applicable requirements, for business to be properly brought before an annual meeting by a stockholder, the stockholder must have given timely notice thereof in writing to the Secretary of the corporation. To be timely, a stockholder’s notice must be delivered to or mailed and received at the principal executive offices of the corporation not later than the close of business on the ninetieth (90th) day, nor earlier than the close of business on the one hundred twentieth (120th) day, prior to the anniversary date of the immediately preceding annual meeting; provided, however, that in the event no annual meeting was held in the previous year or the annual meeting is called for a date that is not within thirty (30) days before or after such anniversary date, notice by the stockholder to be timely must be received (i) not later than the close of business on the tenth (10th) day following the day on which such notice of the date of the annual meeting was mailed or such public disclosure of the date of the annual meeting was made, whichever first occurs, or (ii) such longer period of time than the ten (10) days provided for in clause (i) as the Board shall determine in its sole discretion. A stockholder’s notice to the Secretary shall set forth (a) as to each matter the stockholder proposes to bring before the annual meeting (i) a brief description of the business desired to be brought before the annual meeting and the reasons for conducting such business at the annual meeting, and (ii) any material interest of the stockholder in such business, (b) as to the stockholder giving the notice (i) the name and record address of the stockholder and (ii) the class, series and number of shares of capital stock of the corporation which are beneficially owned by the stockholder; and (c) any other information that is required to be provided by the stockholder pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended (the “1934 Act”), in his capacity as a proponent of a stockholder proposal. Notwithstanding anything in these By-laws to the contrary, no business shall be conducted at the annual meeting except in accordance with the procedures set forth in this Article II, Section 3. The officer of the corporation presiding at an annual meeting shall, if the facts warrant, determine and declare to the annual meeting that business was not properly brought before the annual meeting in accordance with the provisions of this Article II, Section 3, and if such officer should so determine, such officer shall so declare to the annual meeting and any such business not properly brought before the meeting shall not be transacted.

Section 4. Voting List. The officer who has charge of the stock ledger of the corporation shall prepare and make, or cause a third party to prepare and make, at least ten days before every meeting of stockholders, a complete list of the stockholders entitled to vote at the meeting, arranged in alphabetical order, and showing the address of each stockholder and the number of shares registered in the name of each stockholder. Such list shall be open to the examination of any stockholder, for any purpose germane to the meeting, for a period of at least ten days prior to the meeting: (i) on a reasonably accessible electronic network, provided that the information required to gain access to such list is provided with the notice of the meeting, or (ii) during ordinary business hours, at the principal place of business of the corporation. If the meeting is to be held at a place, then the list shall be produced and kept at the time and place of the meeting during the whole time thereof, and may be inspected by any stockholder who is present. If the meeting is to be held solely by means of remote communication, then the list shall also be open to the examination of any stockholder during the whole time of the meeting on a reasonably accessible electronic network, and the information required to access such list shall be provided with the notice of the meeting.

Section 5. Special Meetings. Special meetings of the stockholders of the corporation, for any purpose or purposes, unless otherwise prescribed by statute or by the Certificate of Incorporation, shall be called by the Chief Executive Officer, President or Secretary at the request in writing of a majority of the members of the Board of Directors or holders of twenty percent (20%) of the total voting power of all outstanding shares of stock of the corporation then entitled to vote, and may not be called absent such a request. Such request shall state the purpose or purposes of the proposed meeting.

Section 6. Notice of Special Meetings. As soon as reasonably practicable after receipt of a request as provided in Section 5 of this Article II, written notice of a special meeting, stating the place, if any, date (which shall be not less than ten nor more than sixty days from the date of the notice) and hour of the special meeting, the means of remote communications, if any, by which stockholders may be deemed to be present in person and vote at such special meeting, and the purpose or purposes for which the special meeting is called, shall be given to each stockholder entitled to vote at such special meeting.

Section 7. Scope of Business at Special Meeting. Business transacted at any special meeting of stockholders shall be limited to the purposes stated in the notice.

Section 8. Quorum. The holders of at least thirty-three and one-third percent (33 1/3%) of the stock issued and outstanding and entitled to vote thereat, present in person or represented by proxy, shall constitute a quorum at all meetings of the stockholders for the transaction of business, except as otherwise provided by statute or by the Certificate of Incorporation. If, however, such quorum shall not be present or represented at any meeting of the stockholders, the chairman of the meeting or the stockholders entitled to vote thereat, present in person or represented by proxy, shall have power to adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present or represented. At such adjourned meeting at which a quorum shall be present or represented, any business may be transacted which might have been transacted at the meeting as originally notified. If the adjournment is for more than thirty days, or if after the adjournment a new record date is fixed for the adjourned meeting, a notice of the adjourned meeting shall be given to each stockholder of record entitled to vote at the meeting as provided in Section 6 of this Article II.

Section 9. Qualifications to Vote. The stockholders of record on the books of the corporation at the close of business on the record date as determined by the Board of Directors and only such stockholders shall be entitled to vote at any meeting of stockholders or any adjournment thereof.

Section 10. Record Date. The Board of Directors may fix a record date for the determination of the stockholders entitled to notice of or to vote at any stockholders’ meeting and at any adjournment thereof, or to express consent to corporate action in writing without a meeting, or to receive payment of any dividend or other distribution or allotment of any rights, or entitled to exercise any rights in respect of any change, conversion or exchange of stock or for the purpose of any other lawful action. The record date shall not be more than sixty nor less than ten days before the date of such meeting, and not more than sixty days prior to any other action. If no record date is fixed by the Board of Directors, the record date for determining stockholders entitled to notice of or to vote at a meeting of stockholders shall be at the close of business on the day next preceding the day on which notice is given, or if notice is waived, at the close of business on the day next preceding the day on which the meeting is held. A determination of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall apply to any adjournment of the meeting; provided, however, that the Board of Directors may fix a new record date for the adjourned meeting.

Section 11. Action at Meetings. When a quorum is present at any meeting, the vote of the holders of a majority of the stock having voting power present in person or represented by proxy shall decide any question properly brought before such meeting, unless the question is one upon which by express provision of applicable law or of the Certificate of Incorporation, a different vote is required, in which case such express provision shall govern and control the decision of such question.

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Section 12. Voting and Proxies. Unless otherwise provided in the Certificate of Incorporation, each stockholder shall at every meeting of the stockholders be entitled to one vote in person or by proxy for each share of the capital stock having voting power held by such stockholder, but no proxy shall be voted on after three years from its date, unless the proxy provides for a longer period. Each proxy shall be revocable unless expressly provided therein to be irrevocable and unless it is coupled with an interest sufficient in law to support an irrevocable power.

Section 13. Action by Stockholders Without a Meeting. Unless otherwise provided in the Certificate of Incorporation, any action required to be taken at any annual or special meeting of stockholders of the corporation, or any action which may be taken at any annual or special meeting of such stockholders, may be taken without a meeting, without prior notice and without a vote, if a consent or consents in writing, setting forth the action so taken, shall be signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted and shall be delivered to the corporation by delivery to its registered office in Delaware (by hand or by certified or registered mail, return receipt requested), to its principal place of business, or to an officer or agent of the corporation having custody of the book in which proceedings of meetings of stockholders are recorded; provided, however, that action by written consent to elect directors, if less than unanimous, shall be in lieu of holding an annual meeting only if all the directorships to which directors could be elected at an annual meeting held at the effective time of such action are vacant and are filled by such action. Prompt notice of the taking of corporate action without a meeting by less than unanimous written consent shall be given to those stockholders who have not consented in writing and who, if the action had been taken at a meeting, would have been entitled to notice of the meeting if the record date for such meeting had been the date that written consents signed by a sufficient number of stockholders to take the action were delivered to the corporation by delivery to its registered office in Delaware (by hand or by certified or registered mail, return receipt requested), to its principal place of business, or to an officer or agent of the corporation having custody of the book in which proceedings or meetings of stockholders are recorded.

An electronic transmission consenting to an action to be taken and transmitted by a stockholder or by a person authorized to act for a stockholder, shall be deemed to be written, signed and dated for the purposes of this Section 13, provided that such electronic transmission sets forth or is delivered with information from which the corporation can determine (i) that the electronic transmission was transmitted by the stockholder or by a person authorized to act for the stockholder and (ii) the date on which such stockholder or authorized person transmitted such electronic transmission. The date on which such electronic transmission is transmitted shall be deemed to be the date on which such consent was signed. No consent given by electronic transmission shall be deemed to have been delivered until such consent is reproduced in paper form and until such paper form shall be delivered to its registered office in Delaware (by hand or by certified or registered mail, return receipt requested), to its principal place of business, or to an officer or agent of the corporation having custody of the book in which proceedings of meetings of stockholders are recorded. Notwithstanding the foregoing limitations on delivery, consents given by electronic transmission may be otherwise delivered to the principal place of business of the corporation or to an officer or agent of the corporation having custody of the book in which proceedings of meetings of stockholders are recorded if, to the extent and in the manner in which the Board of Directors may from time to time determine. Any copy, facsimile or other reliable reproduction of a consent in writing may be substituted or used in lieu of the original writing for any and all purposes for which the original writing could be used, provided that such copy, facsimile or other reproduction shall be a complete reproduction of the entire original writing.

Section 14. Meeting by Remote Communication. If authorized by the Board of Directors in its sole discretion, and subject to such guidelines and procedures as the Board of Directors may adopt, stockholders not physically present at a meeting of stockholders may, by means of remote communication participate in a meeting of stockholders and be deemed present in person and vote at a meeting of stockholders whether such meeting is to be held at a designated place or solely by means of remote communication, provided that (i) the corporation shall implement reasonable measures to verify that each person deemed present and permitted to vote at such meeting by means of remote communication is a stockholder, (ii) the corporation shall implement reasonable measures to provide such stockholders a reasonable opportunity to participate in such meeting and to vote on matters submitted to the stockholders, including an opportunity to read or hear the proceedings of such meeting substantially concurrently with such proceedings, and (iii) if any stockholder votes or takes other action at such meeting by means of remote communication, a record of such vote or other action shall be maintained by the corporation.

Section 15. Conduct of Business. The chairperson of any meeting of stockholders shall determine the order of business and the procedure at the meeting, including such regulation of the manner of voting and the conduct of business.

ARTICLE III.

DIRECTORS

Section 1. Powers. The business of the corporation shall be managed by or under the direction of its Board of Directors, which may exercise all such powers of the corporation and do all such lawful acts and things as are not by applicable law or by the Certificate of Incorporation or by these By-laws directed or required to be exercised or done by the stockholders.

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Section 2. Number; Election; Tenure and Qualification. The number of directors which shall constitute the whole board shall be fixed from time to time by resolution of the Board of Directors or by the stockholders at an annual meeting of the stockholders (unless the directors are elected by written consent in lieu of an annual meeting as provided in Article II, Section 13). With the exception of the first Board of Directors, which shall be elected by the incorporator, and except as provided in the corporation’s Certificate of Incorporation or in Section 3 of this Article III, the directors shall be elected at the annual meeting of the stockholders by a plurality vote of the shares represented in person or by proxy and each director elected shall hold office until his successor is elected and qualified unless he shall resign, become disqualified, disabled, or otherwise removed. Directors need not be stockholders.

Section 3. Vacancies and Newly Created Directorships. Unless otherwise provided in the Certificate of Incorporation, vacancies and newly-created directorships resulting from any increase in the authorized number of directors may be filled by a majority of the directors then in office, though less than a quorum, or by a sole remaining director. The directors so chosen shall serve until the next annual election and until their successors are duly elected and shall qualify, unless sooner displaced. If there are no directors in office, then an election of directors may be held in the manner provided by applicable law. If, at the time of filling any vacancy or any newly created directorship, the directors then in office shall constitute less than a majority of the whole board (as constituted immediately prior to any such increase), the Court of Chancery may, upon application of any stockholder or stockholders holding at least twenty percent of the total number of shares at the time outstanding having the right to vote for such directors, summarily order an election to be held to fill any such vacancies or newly created directorships, or to replace the directors chosen by the directors then in office.

Section 4. Location of Meetings. The Board of Directors of the corporation may hold meetings, both regular and special, either within or without the State of Delaware.

Section 5. Meeting of Newly Elected Board of Directors. The first meeting of each newly elected Board of Directors shall be held immediately following the annual meeting of stockholders and no notice of such meeting shall be necessary to the newly elected directors in order legally to constitute the meeting, provided a quorum shall be present. In the event such meeting is not held at such time, the meeting may be held at such time and place as shall be specified in a notice given as hereinafter provided for special meetings of the Board of Directors, or as shall be specified in a written waiver signed by all of the directors.

Section 6. Regular Meetings. Regular meetings of the Board of Directors may be held without notice at such time and at such place as shall from time to time be determined by the Board of Directors; provided that any director who is absent when such a determination is made shall be given notice of such location.

Section 7. Special Meetings. Special meetings of the Board of Directors may be called by the President on two days’ notice to each director by mail, overnight courier service or facsimile; special meetings shall be called by the President or Secretary in a like manner and on like notice on the written request of two directors unless the Board of Directors consists of only one director, in which case special meetings shall be called by the President or Secretary in a like manner and on like notice on the written request of the sole director. Notice may be waived in accordance with Section 229 of the Delaware General Corporation Law.

Section 8. Quorum and Action at Meetings. At all meetings of the Board of Directors, a majority of the directors then in office shall constitute a quorum for the transaction of business, and the act of a majority of the directors present at any meeting at which there is a quorum shall be the act of the Board of Directors, except as may be otherwise specifically provided by statute or by the Certificate of Incorporation. If a quorum shall not be present at any meeting of the Board of Directors, the directors present thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present.

Section 9. Action Without a Meeting. Unless otherwise restricted by the Certificate of Incorporation or these By-laws, any action required or permitted to be taken at any meeting of the Board of Directors or of any committee thereof may be taken without a meeting, if all members of the Board of Directors or committee, as the case may be, consent thereto in writing or by electronic transmission, and the writing or writings or electronic transmission or transmissions are filed with the minutes of proceedings of the Board of Directors or committee. Such filing shall be in paper form if the minutes are maintained in paper form and shall be in electronic form if the minutes are maintained in electronic form.

Section 10. Telephonic Meeting. Unless otherwise restricted by the Certificate of Incorporation or these By-laws, members of the Board of Directors, or any committee designated by the Board of Directors, may participate in a meeting of the Board of Directors, or any committee, by means of conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other, and such participation in a meeting shall constitute presence in person at the meeting.

Section 11. Committees. The Board of Directors may, by resolution passed by a majority of the whole board, designate one or more committees, each committee to consist of one or more of the directors of the corporation. The Board of Directors may designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. In the absence or disqualification of a member of a committee, the member or members thereof present at any meeting and not disqualified from voting, whether or not such member or members constitute a quorum, may unanimously appoint another member of the Board of Directors to act at the meeting in the place of any such absent or disqualified member.

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Section 12. Committee Authority. Any such committee, to the extent provided in the resolution of the Board of Directors, shall have and may exercise all the powers and authority of the Board of Directors in the management of the business and affairs of the corporation, and may authorize the seal of the corporation to be affixed to all papers which may require it; but no such committee shall have the power or authority in reference to (a) approving, adopting or recommending to the stockholders, any action or matter expressly required by the Delaware General Corporation Law to be submitted to stockholders for approval, or (b) adopting, amending or repealing any By-law of the corporation. Such committee or committees shall have such name or names as may be determined from time to time by resolution adopted by the Board of Directors.

Section 13. Committee Minutes. Each committee shall keep regular minutes of its meetings and report the same to the Board of Directors when required to do so by the Board of Directors.

Section 14. Directors Compensation. Unless otherwise restricted by the Certificate of Incorporation or these By-laws, the Board of Directors, or a committee thereof, shall have the authority to fix the compensation of directors. The directors may be paid their expenses, if any, of attendance at each meeting of the Board of Directors and may be paid a fixed sum for attendance at each meeting of the Board of Directors or a stated salary as director. No such payment shall preclude any director from serving the corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.

Section 15. Resignation. Any director or officer of the corporation may resign at any time. Each such resignation shall be made in writing or by electronic transmission and shall take effect at the time specified therein, or, if no time is specified, at the time of its receipt by either the Board of Directors, the President or the Secretary. The acceptance of a resignation shall not be necessary to make it effective unless expressly so provided in the resignation.

Section 16. Removal. Unless otherwise restricted by the Certificate of Incorporation, these By-laws or applicable law, any director or the entire Board of Directors may be removed, with or without cause, by the holders of a majority of shares entitled to vote at an election of directors.

Section 17. Interested Directors. No contract or transaction between the corporation and one or more of its directors or officers, or between the corporation and any other corporation, partnership, association, or other organization in which one or more of its directors or officers are directors or officers, or have a financial interest, shall be void or voidable solely for this reason, or solely because the director or officer is present at or participates in the meeting of the Board of Directors or committee thereof which authorizes the contract or transaction, or solely because his or their votes are counted for such purpose, if (i) the material facts as to his or their relationship or interest and as to the contract or transaction are disclosed or are known to the Board of Directors or the committee, and the Board of Directors or committee in good faith authorizes the contract or transaction by the affirmative votes of a majority of the disinterested directors, even though the disinterested directors be less than a quorum; or (ii) the material facts as to his or their relationship or interest and as to the contract or transaction are disclosed or are known to the stockholders entitled to vote thereon, and the contract or transaction is specifically approved in good faith by vote of the stockholders; or (iii) the contract or transaction is fair as to the corporation as of the time it is authorized, approved or ratified, by the Board of Directors, a committee thereof or the stockholders. Common or interested directors may be counted in determining the presence of a quorum at a meeting of the Board of Directors or of a committee which authorizes the contract or transaction.

ARTICLE IV.

NOTICES

Section 1. Notice to Directors and Stockholders. Whenever, under the provisions of the statutes or of the Certificate of Incorporation or of these By-laws, notice is required to be given to any director or stockholder, it shall not be construed to mean personal notice, but such notice may be given (i) by electronic transmission when such director or stockholder has consented to the delivery of notice in such form, and such notice shall be deemed to be given when directed to the proper facsimile number, electronic mail address or other proper electronic destination or (ii) in writing, by mail, addressed to such director or stockholder, at his address as it appears on the records of the corporation, with postage thereon prepaid, and such notice shall be deemed to be given at the time when the same shall be deposited in the United States mail or (iii) delivered personally by hand or by courier. An affidavit of the Secretary or an Assistant Secretary or of the transfer agent or other agent of the corporation that the notice has been given shall in the absence of fraud, be prima facie evidence of the facts stated therein. Notice to directors may also be given by telephone (with confirmation of receipt).

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Whenever notice is required to be given, under the provisions of the statutes, the Certificate of Incorporation or these By-laws, to any stockholder to whom notice of three (3) consecutive annual meetings have been mailed addressed to such person at such person’s address as shown on the records of the corporation and have been returned undeliverable, the giving of such notice to such person shall not be required. Any action or meeting which shall be taken or held without notice to such person shall have the same force and effect as if such notice had been duly given. If any such person shall deliver to the corporation a written notice setting forth such person’s then current address, the requirement that notice be given to such person shall be reinstated. In the event that the action taken by the corporation is such as to require the filing of a certificate with the Secretary of State of Delaware, the certificate need not state that notice was not given to persons to whom notice was not required to be given pursuant to Section 230(b) of the Delaware General Corporation Law. The exception above to the requirement that notice be given shall not be applicable to any notice returned as undeliverable if the notice was given by electronic transmission.

Section 2. Waiver. Whenever any notice is required to be given under the provisions of the statutes or of the Certificate of Incorporation or of these By-laws, a written waiver thereof, signed by the person or persons entitled to said notice, or a waiver by electronic transmission by the person entitled to said notice, whether before or after the time stated therein, shall be deemed equivalent thereto. The written or electronic waiver need not specify the business to be transacted at, nor the purpose of, any regular or special meeting of the stockholders, directors, or members of a committee of directors. Attendance of a person at a meeting shall constitute a waiver of notice of such meeting, except when the person attends a meeting for the express purpose of objecting at the beginning of the meeting to the transaction of any business because the meeting is not lawfully called or convened. Attendance at the meeting is not a waiver of any right to object to the consideration of matters required by the Delaware General Corporation Law to be included in the notice of the meeting but not so included, if such objection is expressly made at the meeting.

ARTICLE V.

OFFICERS

Section 1. Enumeration. The officers of the corporation shall be chosen by the Board of Directors and shall include a Chief Executive Officer, a President, a Secretary, a Treasurer or Chief Financial Officer and such other officers with such other titles as the Board of Directors shall determine. The Board of Directors may elect from among its members a Chairman or Chairmen of the Board and a Vice Chairman of the Board. The Board of Directors may also choose one or more Vice Presidents, Assistant Secretaries and Assistant Treasurers. Any number of offices may be held by the same person, unless the Certificate of Incorporation or these By-laws otherwise provide.

Section 2. Election. The Board of Directors at its first meeting after each annual meeting of stockholders shall elect a Chief Executive Officer, a President, a Secretary, a Treasurer or Chief Financial Officer and such other officers with such other titles as the Board of Directors shall determine.

Section 3. Appointment of Other Agents. The Board of Directors may appoint such other officers and agents as it shall deem necessary, who shall hold their offices for such terms and shall exercise such powers and perform such duties as shall be determined from time to time by the Board of Directors.

Section 4. Compensation. The salaries of all officers of the corporation shall be fixed by the Board of Directors or a committee thereof. The salaries of agents of the corporation shall, unless fixed by the Board of Directors, be fixed by the President or any Vice President of the corporation.

Section 5. Tenure. The officers of the corporation shall hold office until their successors are chosen and qualify. Any officer elected or appointed by the Board of Directors may be removed at any time by the affirmative vote of a majority of the directors of the Board of Directors. Any vacancy occurring in any office of the corporation may be filled by the Board of Directors.

Section 6. Chairman of the Board and Vice-Chairman of the Board. The Chairman of the Board, if any, shall preside at all meetings of the Board of Directors and of the stockholders at which the Chairman shall be present. The Chairman shall have and may exercise such powers as are, from time to time, assigned to the Chairman by the Board of Directors and as may be provided by law. In the absence of the Chairman of the Board, the Vice Chairman of the Board, if any, shall preside at all meetings of the Board of Directors and of the stockholders at which the Vice Chairman shall be present. The Vice Chairman shall have and may exercise such powers as are, from time to time, assigned to such person by the Board of Directors and as may be provided by law.

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Section 7. Chief Executive Officer; President. The President shall be the Chief Executive Officer of the corporation unless such title is assigned to another officer of the corporation. In the absence of a Chairman and Vice Chairman of the Board, the President or the Chief Executive Officer, should there be such a person, shall preside as the chairman of meetings of the stockholders and the Board of Directors; and the President and/or the Chief Executive Officer, should there be such a person, shall have general and active management of the business of the corporation and shall see that all orders and resolutions of the Board of Directors are carried into effect. The President and/or the Chief Executive Officer, should there be such a person, or any Vice President shall execute bonds, mortgages and other contracts requiring a seal, under the seal of the corporation, except where required or permitted by law to be otherwise signed and executed and except where the signing and execution thereof shall be expressly delegated by the Board of Directors to some other officer or agent of the corporation.

Section 8. Vice President. In the absence of the President or in the event of the President’s inability or refusal to act, the Vice President, if any (or in the event there be more than one Vice President, the Vice Presidents in the order designated by the Board of Directors, or in the absence of any designation, then in the order of their election) shall perform the duties of the President, and when so acting shall have all the powers of and be subject to all the restrictions upon the President. The Vice President shall perform such other duties and have such other powers as the Board of Directors may from time to time prescribe.

Section 9. Secretary. The Secretary shall attend all meetings of the Board of Directors and all meetings of the stockholders and record all the proceedings of the meetings of the corporation and of the Board of Directors in a book to be kept for that purpose and shall perform like duties for the standing committees when required. The Secretary shall give, or cause to be given, notice of all meetings of the stockholders and special meetings of the Board of Directors, and shall perform such other duties as may be prescribed by the Board of Directors or President, under whose supervision the Secretary shall be subject. The Secretary shall have custody of the corporate seal of the corporation and the Secretary, or an Assistant Secretary, shall have authority to affix the same to any instrument requiring it and when so affixed, it may be attested by the Secretary’s signature or by the signature of such Assistant Secretary. The Board of Directors may give general authority to any other officer to affix the seal of the corporation and to attest the affixing by such officer’s signature.

Section 10. Assistant Secretary. The Assistant Secretary, or if there be more than one, the Assistant Secretaries in the order determined by the Board of Directors (or if there be no such determination, then in the order of their election) shall, in the absence of the Secretary or in the event of the Secretary’s inability or refusal to act, perform the duties and exercise the powers of the Secretary and shall perform such other duties and have such other powers as the Board of Directors may from time to time prescribe.

Section 11. Treasurer. The Treasurer shall have the custody of the corporate funds and securities and shall keep full and accurate accounts of receipts and disbursements in books belonging to the corporation and shall deposit all moneys and other valuable effects in the name and to the credit of the corporation in such depositories as may be designated by the Board of Directors. The Treasurer shall disburse the funds of the corporation as may be ordered by the Board of Directors, President or Chief Executive Officer, taking proper vouchers for such disbursements, and shall render to the President, Chief Executive Officer and the Board of Directors, at its regular meetings, or when the Board of Directors so requires, an account of all such transactions as Treasurer and of the financial condition of the corporation. If required by the Board of Directors, the Treasurer shall give the corporation a bond (which shall be renewed every six years) in such sum and with such surety or sureties as shall be satisfactory to the Board of Directors for the faithful performance of the duties of the Treasurer’s office and for the restoration to the corporation, in case of the Treasurer’s death, resignation, retirement or removal from office, of all books, papers, vouchers, money and other property of whatever kind in the possession or under the control of the Treasurer that belongs to the corporation.

Section 12. Assistant Treasurer. The Assistant Treasurer, or if there be more than one, the Assistant Treasurers in the order determined by the Board of Directors (or if there be no such determination, then in the order of their election) shall, in the absence of the Treasurer or in the event of the Treasurer’s inability or refusal to act, perform the duties and exercise the powers of the Treasurer and shall perform such other duties and have such other powers as the Board of Directors may from time to time prescribe.

ARTICLE VI.

CAPITAL STOCK

Section 1. Certificates. The shares of the corporation shall be represented by a certificate, unless and until the Board of Directors adopts a resolution permitting shares to be uncertificated. Certificates shall be signed by, or in the name of the corporation by, (a) the Chairman of the Board, the Vice-Chairman of the Board, the President or a Vice-President, and (b) the Treasurer or an Assistant Treasurer, or the Secretary or an Assistant Secretary, certifying the number of shares owned by such stockholder in the corporation. Certificates may be issued for partly paid shares and in such case upon the face or back of the certificates issued to represent any such partly paid shares, the total amount of the consideration to be paid therefor and the amount paid thereon shall be specified.

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Section 2. Class or Series. If the corporation shall be authorized to issue more than one class of stock or more than one series of any class, the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof and the qualifications, limitations or restrictions of such preferences and/or rights shall be set forth in full or summarized on the face or back of the certificate which the corporation shall issue to represent such class or series of stock, provided that, except as otherwise provided in Section 202 of the Delaware General Corporation Law, in lieu of the foregoing requirements, there may be set forth on the face or back of the certificate which the corporation shall issue to represent such class or series of stock, a statement that the corporation will furnish without charge to each stockholder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof and the qualifications, limitations or restrictions of such preferences and/or rights. Within a reasonable time after the issuance or transfer of uncertificated stock, the corporation shall send to the registered owner thereof a written notice containing the information required to be set forth or stated on certificates pursuant to Sections 151, 156, 202(a) or 218(a) of the Delaware Corporation Law or a statement that the corporation will furnish without charge, to each stockholder who so requests, the powers, designations, preferences and relative participating, optional or other special rights of each class of stock or series thereof and the qualifications, limitations or restrictions of such preferences and/or rights.

Section 3. Signature. Any of or all of the signatures on a certificate may be facsimile. In case any officer, transfer agent or registrar who has signed or whose facsimile signature has been placed upon a certificate shall have ceased to be such officer, transfer agent or registrar before such certificate is issued, it may be issued by the corporation with the same effect as if such person were such officer, transfer agent or registrar at the date of issue.

Section 4. Lost Certificates. The Board of Directors may direct a new certificate or certificates to be issued in place of any certificate or certificates theretofore issued by the corporation alleged to have been lost, stolen or destroyed, upon the making of an affidavit of that fact by the person claiming the certificate of stock to be lost, stolen or destroyed. When authorizing such issue of a new certificate or certificates, the Board of Directors may, in its discretion and as a condition precedent to the issuance thereof, require the owner of such lost, stolen or destroyed certificate or certificates, or such owner’s legal representative, to advertise the same in such manner as it shall require and/or to give the corporation a bond in such sum as it may direct as indemnity against any claim that may be made against the corporation with respect to the certificate alleged to have been lost, stolen or destroyed.

Section 5. Transfer of Stock. Upon surrender to the corporation or the transfer agent of the corporation of a certificate for shares duly endorsed or accompanied by proper evidence of succession, assignation or authority to transfer, it shall be the duty of the corporation to issue a new certificate to the person entitled thereto, cancel the old certificate and record the transaction upon its books. Upon receipt of proper transfer instructions from the registered owner of uncertificated shares such uncertificated shares shall be canceled and issuance of new equivalent uncertificated shares or certificated shares shall be made to the person entitled thereto and the transaction shall be recorded upon the books of the corporation.

Section 6. Regulation. Except as otherwise provided by law, the Board of Directors may make such additional rules and regulations, not inconsistent with these By-laws, as it may deem expedient, concerning the issue, transfer and registration of certificates for the securities of the corporation. The Board of Directors may appoint, or authorize any officer or officers to appoint, one or more transfer agents and one or more registrars and may require all certificates for shares of capital stock to bear the signature or signatures of any of them.

Section 7. Registered Stockholders. The corporation shall be entitled to recognize the exclusive right of a person registered on its books as the owner of shares to receive dividends, and to vote as such owner, and to hold liable for calls and assessments a person registered on its books as the owner of shares, and shall not be bound to recognize any equitable or other claim to or interest in such share or shares on the part of any other person, whether or not it shall have express or other notice thereof, except as otherwise provided by the laws of Delaware.

ARTICLE VII.

GENERAL PROVISIONS

Section 1. Dividends. Dividends upon the capital stock of the corporation, subject to the applicable provisions, if any, of the Certificate of Incorporation, may be declared by the Board of Directors at any regular or special meeting, pursuant to law. Dividends may be paid in cash, in property or in shares of capital stock, subject to the provisions of the Certificate of Incorporation. Before payment of any dividend, there may be set aside out of any funds of the corporation available for dividends such sum or sums as the Board of Directors from time to time, in their absolute discretion, think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporation, or for such other purposes as the Board of Directors shall think conducive to the interest of the corporation, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.

Section 2. Checks. All checks or demands for money and notes of the corporation shall be signed by such officer or officers or such other person or persons as the Board of Directors may from time to time designate.

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Section 3. Fiscal Year. The fiscal year of the corporation shall be fixed by resolution of the Board of Directors.

Section 4. Seal. The Board of Directors may adopt a corporate seal having inscribed thereon the name of the corporation, the year of its organization and the words “Corporate Seal, Delaware.” The seal may be used by causing it or a facsimile thereof to be impressed or affixed or reproduced or otherwise.

Section 5. Loans. The Board of Directors of the corporation may, without stockholder approval, authorize loans to, or guaranty obligations of, or otherwise assist, including, without limitation, the adoption of employee benefit plans under which loans and guarantees may be made, any officer or other employee of the corporation or of its subsidiary, including any officer or employee who is a director of the corporation or its subsidiary, whenever, in the judgment of the Board of Directors, such loan, guaranty or assistance may reasonably be expected to benefit the corporation. The loan, guaranty or other assistance may be with or without interest, and may be unsecured, or secured in such manner as the Board of Directors shall approve, including, without limitation, a pledge of shares of stock of the corporation.

Section 6. Forum for Adjudication of Disputes. Unless the corporation consents in writing to the selection of an alternative forum, the sole and exclusive forum for (a) any derivative action or proceeding brought on behalf of the corporation, (b) any action asserting a claim of breach of a fiduciary duty owed by any director, officer or other employee of the corporation to the corporation or the corporation’s stockholders, (c) any action asserting a claim arising pursuant to any provision of the Delaware General Corporation Law, or (d) any action asserting a claim governed by the internal affairs doctrine, shall be a state or federal court located within the state of Delaware, in all cases subject to the court’s having personal jurisdiction over the indispensible parties named as defendants. Any person or entity purchasing or otherwise acquiring any interest in shares of capital stock of the corporation shall be deemed to have notice of and consented to the provisions of this Section 6.

ARTICLE VIII.

INDEMNIFICATION

Section 1. Scope. The corporation shall, to the fullest extent permitted by Section 145 of the Delaware General Corporation Law, as that Section may be amended and supplemented from time to time, indemnify any director or officer of the corporation, against expenses (including attorneys’ fees), judgments, fines, amounts paid in settlement and/or other matters referred to in or covered by that Section, by reason of the fact that such person is or was a director or officer of the corporation, or is or was serving at the request of the corporation as a director or officer of another corporation, partnership, joint venture, trust or other enterprise.

Section 2. Advancing Expenses. Expenses (including attorneys’ fees) incurred by a present or former director or officer of the corporation in defending a civil, criminal, administrative or investigative action, suit or proceeding by reason of the fact that such person is or was a director or officer of the corporation (or is or was serving at the request of the corporation as a director or officer of another corporation, partnership, joint venture, trust or other enterprise) shall be paid by the corporation in advance of the final disposition of such action, suit or proceeding upon receipt of an undertaking by or on behalf of such director or officer to repay such amount if it shall ultimately be determined that such person is not entitled to be indemnified by the corporation as authorized by relevant provisions of the Delaware General Corporation Law; provided, however, the corporation shall not be required to advance such expenses to a director (i) who commences any action, suit or proceeding as a plaintiff unless such advance is specifically approved by a majority of the Board of Directors, or (ii) who is a party to an action, suit or proceeding brought by the corporation and approved by a majority of the Board of Directors which alleges willful misappropriation of corporate assets by such director, disclosure of confidential information in violation of such director’s fiduciary or contractual obligations to the corporation, or any other willful and deliberate breach in bad faith of such director’s duty to the corporation or its stockholders.

Section 3. Liability Offset. The corporation’s obligation to provide indemnification under this. Article VIII shall be offset to the extent the indemnified party is indemnified by any other source including, but not limited to, any applicable insurance coverage under a policy maintained by the corporation, the indemnified party or any other person.

Section 4. Continuing Obligation. The provisions of this Article VIII shall be deemed to be a contract between the corporation and each director of the corporation who serves in such capacity at any time while this By-law is in effect, and any repeal or modification thereof shall not affect any rights or obligations then existing with respect to any state of facts then or theretofore existing or any action, suit or proceeding theretofore or thereafter brought based in whole or in part upon any such state of facts.

Section 5. Nonexclusive. The indemnification and advancement of expenses provided for in this Article VIII shall (i) not be deemed exclusive of any other rights to which those indemnified may be entitled under any By-law, agreement or vote of stockholders or disinterested directors or otherwise, both as to action in their official capacities and as to action in another capacity while holding such office, (ii) continue as to a person who has ceased to be a director and (iii) inure to the benefit of the heirs, executors and administrators of such a person.

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Section 6. Other Persons. In addition to the indemnification and advancement of expenses rights of directors or officers of the corporation, the Board of Directors in its discretion shall have the power on behalf of the corporation to indemnify or advance expenses to any other person made a party to any action, suit or proceeding who the corporation may indemnify under Section 145 of the Delaware General Corporation Law.

Section 7. Definitions. The phrases and terms set forth in this Article VIII shall be given the same meaning as the identical terms and phrases are given in Section 145 of the Delaware General Corporation Law, as that Section may be amended and supplemented from time to time.

ARTICLE IX.

AMENDMENTS

Except as otherwise provided in the Certificate of Incorporation, these By-laws may be altered, amended or repealed, or new By-laws may be adopted, by the holders of two-thirds of the outstanding voting shares or by two-thirds of the Board of Directors, when such power is conferred upon the Board of Directors by the Certificate of Incorporation, at any regular meeting of the stockholders or of the Board of Directors or at any special meeting of the stockholders or of the Board of Directors if notice of such alteration, amendment, repeal or adoption of new By-laws be contained in the notice of such special meeting; provided, however, that with respect to Article VIII, such provision may only be altered, amended or repealed at any regular meeting of the stockholders or at any special meeting of the stockholders by the holders of not less than eighty percent (80%) of the outstanding voting shares. If the power to adopt, amend or repeal By-laws is conferred upon the Board of Directors by the Certificate of Incorporation, it shall not divest or limit the power of the stockholders to adopt, amend or repeal By-laws.

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EX-31.1

Exhibit 31.1

CERTIFICATION

I, Randy E. Buffington, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Allied Nevada Gold Corp.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	November 5, 2013	By:	/s/    Randy E. Buffington
			Randy E. Buffington President and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Stephen M. Jones, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Allied Nevada Gold Corp.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)  All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	November 5, 2013	By:	/s/    Stephen M. Jones
			Stephen M. Jones Executive Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1

STATEMENT PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Allied Nevada Gold Corp. (the “Corporation”) on Form 10-Q for the period ended September 30, 2013, as filed with the Securities and Exchange Commission (the “Report”), the undersigned officer of the Corporation does hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Corporation.

Date:	November 5, 2013	By:	/s/    Randy E. Buffington
			Randy E. Buffington President and Chief Executive Officer

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Corporation and will be retained by the Corporation and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

Exhibit 32.2

STATEMENT PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Allied Nevada Gold Corp. (the “Corporation”) on Form 10-Q for the period ended September 30, 2013, as filed with the Securities and Exchange Commission (the “Report”), the undersigned officer of the Corporation does hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Corporation.

Date:	November 5, 2013	By:	/s/    Stephen M. Jones
			Stephen M. Jones Executive Vice President and Chief Financial Officer

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Corporation and will be retained by the Corporation and furnished to the Securities and Exchange Commission or its staff upon request.

EX-95.1

Exhibit 95.1

Mine Safety Disclosures

Our operations and exploration properties are subject to regulation by the Federal Mine Safety and Health Administration (“MSHA”) under the Federal Mine Safety and Health Act of 1977 (the “Mine Act”). MSHA inspects our mines on a regular basis and issues various citations and orders when it believes a violation has occurred under the Mine Act. Following passage of The Mine Improvement and New Emergency Response Act of 2006, MSHA significantly increased the numbers of citations and orders charged against mining operations. The dollar penalties assessed for citations issued has also generally increased in recent years.

The following disclosures are provided pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Financial Reform Act”), which became effective in July 2010, and requires certain disclosures by companies required to file periodic reports under the Exchange Act that operate mines regulated under the Mine Act. Pursuant to the Financial Reform Act, the SEC issued regulations in January 2012 to carry out provisions of the Financial Reform Act.

Mine Safety Information

Whenever MSHA believes a violation of the Mine Act, any health or safety standard or any regulation has occurred, it may issue a citation which describes the alleged violation and fixes a time within which the operator (e.g., our subsidiary, Hycroft Resources & Development Inc.) must abate the alleged violation. In some situations, such as when MSHA believes that conditions pose a hazard to miners, MSHA may issue an order removing miners from the area of the mine affected by the condition until the alleged hazards are corrected. When MSHA issues a citation or order, it generally proposes a civil penalty, or fine, as a result of the alleged violation, that the operator is ordered to pay. Citations and orders can be contested and appealed, and as part of that process, are often reduced in severity and amount, and are sometimes dismissed.

The following table shows, for each of the Company’s mines for which the Company is an operator and that is subject to the Mine Act and administered by the MSHA, the information required by Section 1503(a) of the Financial Reform Act. The proposed assessments as of and for the three months ended September 30, 2013 were taken from the MSHA data retrieval system. Section references below are to sections of the Mine Act.

Mine or Operation1:	Total # of "Significant and Substantial" Violations Under §104(a)2	Total # of Orders Issued Under §104(b)3	Total # of Citations and Orders Issued Under §104(d)4	Total # of Flagrant Violations Under §110(b)(2)5	Total # of Imminent Danger Orders Under §107(a)6	Total Amount of Proposed Assessments from MSHA under the Mine Act7		Total # of Mining-Related Fatalities8	Pending Legal Actions9	Legal Actions Instituted10	Legal Actions Resolved11
Hycroft Mine (MSHA ID# 2601962)	17	1	1	—	1	$	12,136	—	—	—	—

¹  MSHA assigns an identification number to each mine or operation and may or may not assign separate identification numbers to related facilities. The definition of “mine” under section 3 of the Mine Act includes the mine, as well as other items used in, or to be used in, or resulting from, the work of extracting minerals, such as land, structures, facilities, equipment, machines, tools, and minerals preparation facilities.

²  Represents the total number of citations issued by MSHA under Section 104 of the Mine Act for violations of health or safety standards that could significantly and substantially contribute to a serious injury if left unabated.

³  Represents the total number of orders issued under Section 104(b) of the Mine Act, which represents a failure to abate a citation under Section 104(a) of the Mine Act within the period prescribed by MSHA. This results in an order of immediate withdrawal from the area of the mine affected by the condition until MSHA determines the violation has been abated.

⁴  Represents the total number of citations and orders issued by MSHA under Section 104(d) of the Mine Act for unwarrantable failure to comply with mandatory health or safety standards.

⁵  Represents the total number of flagrant violations identified by MSHA under Section 110(b)(2) of the Mine Act.

⁶  Represents the total number of imminent danger orders issued under Section 107(a) of the Mine Act.

⁷  Amount represents the total United States dollar value of proposed assessments received from MSHA during the three months ended September 30, 2013.

⁸  Represents the total number of mining-related fatalities at mines subject to the Mine Act pursuant to Section 1503(a)(1)(G) of the Financial Reform Act.

⁹  Represents the total number of legal actions pending as of September 30, 2013 before the Federal Mine Safety and Health Review Commission as required by Section 1503(a) of the Financial Reform Act.

¹⁰  Represents the total number of legal actions instituted as of September 30, 2013 before the Federal Mine Safety and Health Review Commission as required by Section 1503(a) of the Financial Reform Act.

¹¹  Represents the total number of legal actions resolved as of September 30, 2013 before the Federal Mine Safety and Health Review Commission as required by Section 1503(a) of the Financial Reform Act.

Pattern or Potential Pattern of Violations

In addition, as required by the reporting requirements regarding mine safety included in Section 1503(a)(2) of the Financial Reform Act, for the three months ended September 30, 2013, none of the Company’s mines of which the Company is an operator has received written notice from MSHA of:

(a) a pattern of violations of mandatory health or safety standards that are of such nature as could have significantly and substantially contributed to the cause and effect of coal or other mine health or safety hazards under Section 104(e) of the Mine Act; or

(b) the potential to have such a pattern.

XML

Separation and Severance Costs (Notes)

9 Months Ended

Sep. 30, 2013

Restructuring and Related Activities [Abstract]

Separation and Severance Costs

11. Separation and Severance Costs

The tables below summarize the Company’s separation and severance costs by type of cost and by the reportable segment to which they relate (in thousands):

	Three months ended September 30,				Nine months ended September 30,
Type of cost	2013		2012		2013		2012
One time, cash payments	$	3,011	$	—	$	4,809	$	—
Stock-based compensation costs from continued vesting	—		—		1,124		—
	$	3,011	$	—	$	5,933	$	—

	Three months ended September 30,				Nine months ended September 30,
Reportable segment	2013		2012		2013		2012
Hycroft Mine	$	1,860	$	—	$	1,860	$	—
Exploration	381		—		405		—
Corporate and Other	770		—		3,668		—
	$	3,011	$	—	$	5,933	$	—

At September 30, 2013, the Company had no remaining liability recorded for separation and severance costs.

XML

Common Stock - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended		1 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	May 31, 2013 May 2013 Public Offering
Schedule Of Common Stock [Line Items]
Common stock, shares					14,000,000
Common stock, per share					$ 10.75
Gross proceeds from stock issued					$ 150,500,000
Underwriters fees, commissions, and general offering costs	219,000	0	8,543,000	0	8,500,000
Net proceeds from stock issued	$ 0	$ 322,000	$ 151,071,000	$ 464,000	$ 142,000,000

XML

Condensed Consolidated Statements of Income and Comprehensive Income (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenue - Note 10	$ 76,741	$ 64,829	$ 184,929	$ 137,720
Operating expenses:
Production costs	51,775	29,533	108,813	59,110
Depreciation and amortization	9,607	3,758	19,194	7,859
Total cost of sales	61,382	33,291	128,007	66,969
Exploration, development, and land holding	940	2,966	3,106	5,189
Accretion	165	139	494	424
Corporate general and administrative	3,675	2,573	15,481	11,676
Separation and severance costs - Note 11	3,011	0	5,933	0
Income from operations	7,568	25,860	31,908	53,462
Other income (expense):
Interest income	77	334	315	660
Interest expense - Note 8	(5,361)	(7,922)	(13,683)	(11,845)
Other, net - Note 12	(1,396)	(418)	(2,297)	(127)
Income before income taxes	888	17,854	16,243	42,150
Income tax benefit (expense) - Note 13	4,083	(4,452)	1,776	(10,538)
Net income	4,971	13,402	18,019	31,612
Other comprehensive income (loss), net of tax
Reclassifications into earnings, net of tax - Note 17	(5,913)	(9,605)	7,951	(4,535)
Other comprehensive income (loss), net of tax	2,498	(1,795)	3,492	(5,486)
Comprehensive income	7,469	11,607	21,511	26,126
Income per share:
Basic - Note 14, in dollars per share	$ 0.05	$ 0.15	$ 0.19	$ 0.35
Diluted - Note 14, in dollars per share	$ 0.05	$ 0.15	$ 0.18	$ 0.35
Change In Fair Value
Other comprehensive income (loss), net of tax
Cash flow hedge instruments, net of tax	2,470	(2,082)	3,596	(5,773)
Settlements of cash flow hedges
Other comprehensive income (loss), net of tax
Cash flow hedge instruments, net of tax	$ 5,941	$ 9,892	$ (8,055)	$ 4,822

XML

Stockpiles and Ore On Leach Pads

9 Months Ended

Sep. 30, 2013

Text Block [Abstract]

Stockpiles and Ore On Leach Pads

4. Stockpiles and Ore On Leach Pads

The following table summarizes stockpiles and ore on leach pads and the estimated recoverable gold ounces therein (in thousands, except ounces):

	September 30, 2013			December 31, 2012
	Amount		Gold ounces	Amount		Gold ounces
Current:
Ore on leach pads	$	148,999	126,159	$	93,088	114,252
Non-current:
Ore on leach pads	$	86,967	73,636	$	23,272	28,563
Stockpiles	21,873		53,738	15,085		32,074
	$	108,840	127,374	$	38,357	60,637

XML

Segment Information

9 Months Ended

Sep. 30, 2013

Segment Information

18. Segment Information

The Company is engaged in the operation of the Hycroft Mine and the evaluation, acquisition, exploration, and advancement of gold exploration and development projects in Nevada. Our segments are defined as components of the Company for which separate financial information is available that is evaluated regularly by the executive decision-making group in assessing performance, establishing operating plans and budgets, and deciding how to allocate resources. Segment information as of and for the three and nine months ended September 30, 2013 and 2012 is as follows (in thousands):

Three months ended September 30,	Hycroft Mine			Exploration			Corporate and Other			Total
2013
Revenue - Note 10	$	76,741		$	—		$	—		$	76,741
Depreciation and amortization	9,346			—			261			9,607
Income (loss) from operations	13,597			(940		)	(5,089		)	7,568
Interest income	2			—			75			77
Interest expense - Note 8	(2,912		)	—			(2,449		)	(5,361		)
Other, net - Note 12	(249		)	(1,441		)	294			(1,396		)
Income (loss) before income taxes	10,438			(2,381		)	(7,169		)	888
Total assets	1,348,593			38,743			143,331			1,530,667
Capital expenditures	$	89,938		$	51		$	—		$	89,989
2012
Revenue - Note 10	$	64,829		$	—		$	—		$	64,829
Depreciation and amortization	3,506			—			252			3,758
Income (loss) from operations	31,653			(2,966		)	(2,827		)	25,860
Interest income	15			—			319			334
Interest expense - Note 8	(1,256		)	—			(6,666		)	(7,922		)
Other, net - Note 12	(26		)	—			(392		)	(418		)
Income (loss) before income taxes	30,386			(2,966		)	(9,566		)	17,854
Total assets	616,875			40,304			524,442			1,181,621
Capital expenditures	$	112,768		$	—		$	776		$	113,544

Nine months ended September 30,	Hycroft Mine			Exploration			Corporate and Other			Total
2013
Revenue - Note 10	$	184,929		$	—		$	—		$	184,929
Depreciation and amortization	18,406			—			788			19,194
Income (loss) from operations	55,357			(3,106		)	(20,343		)	31,908
Interest income	10			—			305			315
Interest expense - Note 8	(6,937		)	—			(6,746		)	(13,683		)
Other, net - Note 12	(183		)	(1,441		)	(673		)	(2,297		)
Income (loss) before income taxes	48,247			(4,547		)	(27,457		)	16,243
Total assets	1,348,593			38,743			143,331			1,530,667
Capital expenditures	$	398,785		$	51		$	149		$	398,985
2012
Revenue - Note 10	$	137,720		$	—		$	—		$	137,720
Depreciation and amortization	7,379			—			480			7,859
Income (loss) from operations	70,808			(5,189		)	(12,157		)	53,462
Interest income	14			—			646			660
Interest expense - Note 8	(1,763		)	—			(10,082		)	(11,845		)
Other, net - Note 12	(7		)	—			(120		)	(127		)
Income (loss) before income taxes	69,052			(5,189		)	(21,713		)	42,150
Total assets	616,875			40,304			524,442			1,181,621
Capital expenditures	$	212,221		$	2		$	2,408		$	214,631

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Segment Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue - Note 10	$ 76,741	$ 64,829	$ 184,929	$ 137,720
Depreciation and amortization	9,607	3,758	19,194	7,859
Income (loss) from operations	7,568	25,860	31,908	53,462
Interest income	77	334	315	660
Interest expense - Note 8	(5,361)	(7,922)	(13,683)	(11,845)
Other, net - Note 12	(1,396)	(418)	(2,297)	(127)
Income before income taxes	888	17,854	16,243	42,150
Total assets	1,530,667	1,181,621	1,530,667	1,181,621	1,237,727
Capital expenditures	89,989	113,544	398,985	214,631
Hycroft Mine
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue - Note 10	76,741	64,829	184,929	137,720
Depreciation and amortization	9,346	3,506	18,406	7,379
Income (loss) from operations	13,597	31,653	55,357	70,808
Interest income	2	15	10	14
Interest expense - Note 8	(2,912)	(1,256)	(6,937)	(1,763)
Other, net - Note 12	(249)	(26)	(183)	(7)
Income before income taxes	10,438	30,386	48,247	69,052
Total assets	1,348,593	616,875	1,348,593	616,875
Capital expenditures	89,938	112,768	398,785	212,221
Exploration
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue - Note 10	0	0	0	0
Depreciation and amortization	0	0	0	0
Income (loss) from operations	(940)	(2,966)	(3,106)	(5,189)
Interest income	0	0	0	0
Interest expense - Note 8	0	0	0	0
Other, net - Note 12	(1,441)	0	(1,441)	0
Income before income taxes	(2,381)	(2,966)	(4,547)	(5,189)
Total assets	38,743	40,304	38,743	40,304
Capital expenditures	51	0	51	2
Corporate and Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenue - Note 10	0	0	0	0
Depreciation and amortization	261	252	788	480
Income (loss) from operations	(5,089)	(2,827)	(20,343)	(12,157)
Interest income	75	319	305	646
Interest expense - Note 8	(2,449)	(6,666)	(6,746)	(10,082)
Other, net - Note 12	294	(392)	(673)	(120)
Income before income taxes	(7,169)	(9,566)	(27,457)	(21,713)
Total assets	143,331	524,442	143,331	524,442
Capital expenditures	$ 0	$ 776	$ 149	$ 2,408

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Other, Net (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013 property	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Other, Net [Abstract]
Loss on disposal of mineral properties	$ (1,441)	$ 0	$ (1,441)	$ 0
Loss on equipment held for sale - Note 5	(298)	0	(298)	0
Gain (loss) on marketable equity securities	290	(387)	(677)	(129)
Foreign currency transaction (loss) gain on senior notes	(8,400)	4,600	13,120	(6,240)
Reclassification of gain (loss) from accumulated other comprehensive income for cross currency swap	8,400	(4,600)	(13,120)	6,240
Other income (expense)	53	(31)	119	2
Other, net	$ (1,396)	$ (418)	$ (2,297)	$ (127)
Number of properties abandoned	12

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Other, Net (Notes)

9 Months Ended

Sep. 30, 2013

Other, Net [Abstract]

Other, Net

12. Other, Net

The table below is a summary of the Company’s other income and expense (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2013			2012			2013			2012
Loss on disposal of mineral properties	$	(1,441	)	$	—		$	(1,441	)	$	—
Loss on equipment held for sale - Note 5	(298		)	—			(298		)	—
Gain (loss) on marketable equity securities	290			(387		)	(677		)	(129		)
Foreign currency transaction (loss) gain on senior notes	(8,400		)	4,600			13,120			(6,240		)
Reclassification of gain (loss) from accumulated other comprehensive income for cross currency swap	8,400			(4,600		)	(13,120		)	6,240
Other income (expense)	53			(31		)	119			2
	$	(1,396	)	$	(418	)	$	(2,297	)	$	(127	)

During the third quarter of 2013, the Company completed a review of its early-stage Other Exploration Properties, which are properties having no defined mineralized material due to insufficient historical exploration activities. As a result of this review, the Company abandoned 12 Other Exploration Properties and recorded a loss on disposal of $1.4 million in each of the three and nine month periods ended September 30, 2013.

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Summary of Components of Debt (Parenthetical) (Detail)	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012	May 31, 2012
Debt Disclosure [Abstract]
Senior Notes, stated interest rate	8.75%		8.75%
Senior Notes, due date	2019-06	2019-06
Senior Notes, interest rate after cross currency and interest rate swap			8.375%

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Income Tax Expense - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Tax Disclosure [Abstract]
Income tax expense	$ (4,083)	$ 4,452	$ (1,776)	$ 10,538
Effective tax rate			10.00%	25.00%
United States statutory tax rate	35.00%	35.00%	35.00%	35.00%

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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2013

Financial Instruments Measured at Fair Value on Recurring Basis

The following table sets forth by level, within the fair value hierarchy, the Company’s assets and liabilities measured at fair value on a recurring basis (in thousands).

Assets	September 30, 2013		December 31, 2012		Input Hierarchy Level
Available-for-sale securities:
Marketable equity securities	$	1,097	$	1,774	Level 1
Derivative instruments:
Diesel swap agreements - Note 17	$	187	$	435	Level 2
Cross currency swap - Note 17	160		1,391		Level 2
	$	347	$	1,826
Property and equipment held for sale - Note 5	$	32,663	$	—	Level 2
Liabilities
Derivative instruments:
Cross currency swap - Note 17	$	15,432	$	9,324	Level 2
Embedded derivatives in provisional sales agreements - Note 17	108		—		Level 2
	$	15,540	$	9,324

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Inventories (Tables)

9 Months Ended

Sep. 30, 2013

Inventory Disclosure [Abstract]

Components of Inventories and Estimated Recoverable Gold Ounces

The following table provides the components of inventories and the estimated recoverable gold ounces therein (in thousands, except ounces):

	September 30, 2013			December 31, 2012
	Amount		Gold ounces	Amount		Gold ounces
Materials and supplies	$	18,135		$	11,637
In-process	46,383		45,659	42,479		46,754
Carbon in-process	5,584		4,777	1,281		1,474
Precious metals	710		704	421		463
	$	70,812	51,140	$	55,818	48,691

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Basis of Presentation (Policies)

9 Months Ended

Sep. 30, 2013

Accounting Policies [Abstract]

Provisionally Priced Sales

Provisionally Priced Sales

Revenues from the Company’s provisionally priced, carbon in-process inventory sales are recorded at the time of shipment based on forward prices and estimates of recoverable gold and silver ounces. The sales agreements, in general, provide for a provisional payment to the Company on the shipment date based upon provisional assays and quoted metal prices. Provisionally priced sales are settled at future dates using then current metal prices. When final settlement occurs, changes in metal prices from the shipment date and/or metal quantities from updated assay information result in adjustments to previously recorded revenues and accounts receivable. Final settlements generally occur within one to four months from the shipment date. The Company does not provisionally price its finished goods (doré), which is sold at quoted spot market prices.

Provisionally priced sales agreements contain an embedded derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable from the sale of metals at forward prices. The embedded derivative, which does not qualify for hedge accounting, is adjusted to fair value through earnings (revenues) each period, using period-end forward prices, through the date of final settlement. Embedded derivatives are recorded as assets in Prepaids and other or as liabilities in Other liabilities, current (refer to Note 17 - Derivative Instruments for additional information).

Reclassifications

Reclassifications

Certain reclassifications have been made to the prior period Condensed Consolidated Financial Statements to conform to the current period presentation. The Company reclassified its advance payments for plant and equipment from Other assets, non-current to Plant, equipment, and mine development, net in the Condensed Consolidated Balance Sheet as of December 31, 2012. The Company reclassified amounts from Corporate general and administrative to Separation and severance costs in the Condensed Consolidated Statements of Income and Comprehensive Income for the three months ended June 30, 2013. The Company also reclassified amounts from Additions to plant, equipment, and mine development to Prepaids and other in the Condensed Consolidated Statements of Cash Flows for the three and six months ended June 30, 2013 and for the three months ended March 31, 2013 to consistently present the cash flow effects of assets held for sale at September 30, 2013. These reclassifications had no effect on previously reported total assets, net cash flows, or net income.

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Components of Other Liabilities, Current and Non-current (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Other liabilities, current
Accrued compensation	$ 3,919	$ 4,282
Capital expenditure retentions	4,230	977
Derivative instruments - Note 17	108	0
Refining and processing fees	0	4,503
Other liabilities, current	8,257	9,762
Other liabilities, non-current
Derivative instruments - Note 17	15,432	9,324
Deferred royalty income	905	790
Other	49	109
Other liabilities, non-current	$ 16,386	$ 10,223

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Separation and Severance Costs (Tables)

9 Months Ended

Sep. 30, 2013

Restructuring and Related Activities [Abstract]

Summary of separation and severance costs by type of cost and reportable segment

The tables below summarize the Company’s separation and severance costs by type of cost and by the reportable segment to which they relate (in thousands):

	Three months ended September 30,				Nine months ended September 30,
Type of cost	2013		2012		2013		2012
One time, cash payments	$	3,011	$	—	$	4,809	$	—
Stock-based compensation costs from continued vesting	—		—		1,124		—
	$	3,011	$	—	$	5,933	$	—

	Three months ended September 30,				Nine months ended September 30,
Reportable segment	2013		2012		2013		2012
Hycroft Mine	$	1,860	$	—	$	1,860	$	—
Exploration	381		—		405		—
Corporate and Other	770		—		3,668		—
	$	3,011	$	—	$	5,933	$	—

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Segment Information (Tables)

9 Months Ended

Sep. 30, 2013

Segment Information

Segment information as of and for the three and nine months ended September 30, 2013 and 2012 is as follows (in thousands):

Three months ended September 30,	Hycroft Mine			Exploration			Corporate and Other			Total
2013
Revenue - Note 10	$	76,741		$	—		$	—		$	76,741
Depreciation and amortization	9,346			—			261			9,607
Income (loss) from operations	13,597			(940		)	(5,089		)	7,568
Interest income	2			—			75			77
Interest expense - Note 8	(2,912		)	—			(2,449		)	(5,361		)
Other, net - Note 12	(249		)	(1,441		)	294			(1,396		)
Income (loss) before income taxes	10,438			(2,381		)	(7,169		)	888
Total assets	1,348,593			38,743			143,331			1,530,667
Capital expenditures	$	89,938		$	51		$	—		$	89,989
2012
Revenue - Note 10	$	64,829		$	—		$	—		$	64,829
Depreciation and amortization	3,506			—			252			3,758
Income (loss) from operations	31,653			(2,966		)	(2,827		)	25,860
Interest income	15			—			319			334
Interest expense - Note 8	(1,256		)	—			(6,666		)	(7,922		)
Other, net - Note 12	(26		)	—			(392		)	(418		)
Income (loss) before income taxes	30,386			(2,966		)	(9,566		)	17,854
Total assets	616,875			40,304			524,442			1,181,621
Capital expenditures	$	112,768		$	—		$	776		$	113,544

Nine months ended September 30,	Hycroft Mine			Exploration			Corporate and Other			Total
2013
Revenue - Note 10	$	184,929		$	—		$	—		$	184,929
Depreciation and amortization	18,406			—			788			19,194
Income (loss) from operations	55,357			(3,106		)	(20,343		)	31,908
Interest income	10			—			305			315
Interest expense - Note 8	(6,937		)	—			(6,746		)	(13,683		)
Other, net - Note 12	(183		)	(1,441		)	(673		)	(2,297		)
Income (loss) before income taxes	48,247			(4,547		)	(27,457		)	16,243
Total assets	1,348,593			38,743			143,331			1,530,667
Capital expenditures	$	398,785		$	51		$	149		$	398,985
2012
Revenue - Note 10	$	137,720		$	—		$	—		$	137,720
Depreciation and amortization	7,379			—			480			7,859
Income (loss) from operations	70,808			(5,189		)	(12,157		)	53,462
Interest income	14			—			646			660
Interest expense - Note 8	(1,763		)	—			(10,082		)	(11,845		)
Other, net - Note 12	(7		)	—			(120		)	(127		)
Income (loss) before income taxes	69,052			(5,189		)	(21,713		)	42,150
Total assets	616,875			40,304			524,442			1,181,621
Capital expenditures	$	212,221		$	2		$	2,408		$	214,631

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Debt - Additional Information (Detail)	1 Months Ended	9 Months Ended	12 Months Ended		9 Months Ended	3 Months Ended	9 Months Ended				9 Months Ended
	Oct. 31, 2012 USD ($)	Sep. 30, 2013 USD ($)	Dec. 31, 2012 USD ($)	May 31, 2012 CAD	Sep. 30, 2013 Security Deposit	Mar. 31, 2013 Loan Agreement shovel	Sep. 30, 2013 Loan Agreement	Mar. 31, 2013 Loan Agreement Security Deposit USD ($)	Mar. 31, 2013 Loan Agreement Capital lease obligation USD ($)	May 31, 2012 Cross currency swap USD ($)	Sep. 30, 2013 Minimum	Sep. 30, 2013 Maximum
Debt Instrument [Line Items]
Senior Notes face value				400,000,000.0
Senior Notes, stated interest rate		8.75%		8.75%
Senior Notes, due date		2019-06	2019-06
Notional value of cross currency swap										400,400,000
Senior Notes, interest rate after cross currency and interest rate swap				8.375%						8.375%
Senior Notes		388,920,000	402,040,000
Capital lease obligations are for the purchase of mining equipment, bear interest at rates											4.00%	7.00%
Capital lease obligations, terms											60 months	84 months
Loan Agreement, number of electric rope shovels to be purchased						3
Loan Agreement, available amount								60,000,000.0	90,000,000.0
Loan agreement available amount per shovel								20,000,000.0	30,000,000.0
Loan Agreement, commitment fee percentage							1.25%
Loan Agreement, Interest rate on security deposit					4.90%		6.00%
Loan Agreement, capital lease payment terms		7 years
Revolving credit agreement, borrowing capacity	$ 120,000,000.0
Revolving credit facility, maturity date	2016-04

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Other Liabilities (Tables)

9 Months Ended

Sep. 30, 2013

Other Liabilities Disclosure [Abstract]

Components of Other Liabilities, Current and Non-current

The following table summarizes the components of other liabilities, current and non-current (in thousands):

	September 30, 2013		December 31, 2012
Other liabilities, current
Accrued compensation	$	3,919	$	4,282
Capital expenditure retentions	4,230		977
Derivative instruments - Note 17	108		—
Refining and processing fees	—		4,503
	$	8,257	$	9,762
Other liabilities, non-current
Derivative instruments - Note 17	$	15,432	$	9,324
Deferred royalty income	905		790
Other	49		109
	$	16,386	$	10,223

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Derivative Instruments Designated as Cash Flow Hedges (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Derivatives, Fair Value [Line Items]
Other liabilities, current	$ 108	$ 0
Prepaids and other
Derivatives, Fair Value [Line Items]
Derivative asset	347	1,826
Prepaids and other | Cross currency swap
Derivatives, Fair Value [Line Items]
Derivative asset	160	1,391
Prepaids and other | Diesel swap agreements
Derivatives, Fair Value [Line Items]
Derivative asset	187	435
Other liabilities, current
Derivatives, Fair Value [Line Items]
Other liabilities, current	108
Other liabilities, current | Cross currency swap
Derivatives, Fair Value [Line Items]
Other liabilities, current	0
Other liabilities, current | Embedded derivatives in provisional sales agreements
Derivatives, Fair Value [Line Items]
Other liabilities, current	108
Other liabilities, non-current
Derivatives, Fair Value [Line Items]
Other liabilities, non-current	15,432	9,324
Other liabilities, non-current | Cross currency swap
Derivatives, Fair Value [Line Items]
Other liabilities, non-current	$ 15,432	$ 9,324

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Fair Value Measurements - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013
Fair Value Disclosures [Abstract]
Senior note, estimated fair value	$ 341.3

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Summary of Stockpiles and Ore on Leach Pads and Estimated Recoverable Gold Ounces (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013 ozt	Dec. 31, 2012 ozt
Inventory Disclosure [Abstract]
Ore on leach pads, current	$ 148,999	$ 93,088
Ore on leach pads, non-current	86,967	23,272
Stockpiles, non-current	21,873	15,085
Stockpiles and Ore on leach pads, non-current	$ 108,840	$ 38,357
Ore on leach pads, current, ounces	126,159	114,252
Ore on leach pads, non-current, ounces	73,636	28,563
Stockpiles, non-current, ounces	53,738	32,074
Stockpiles and Ore on leach pads, non-current, ounces	127,374	60,637

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Commitments and Contingencies

9 Months Ended

Sep. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

19. Commitments and Contingencies

The Company is from time to time involved in various legal proceedings related to its business. Management does not believe that adverse decisions are likely in any pending or threatened proceeding, or that amounts that may be required to be paid will have a material adverse effect on the Company’s financial condition, results of operations, or cash flows.

Purchase Obligations

At September 30, 2013, the Company had purchase obligations not recorded in the Condensed Consolidated Financial Statements totaling $111.3 million for the purchase of mill components and capital items associated with the ongoing expansion projects. The capital items included crusher components, drills, mills and motors, electrical upgrades, and installation and commissioning costs. During 2013 and 2014, the Company expects purchase obligations to be satisfied through cash payments.

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Condensed Consolidated Statements of Stockholders' Equity (USD $) In Thousands, except Share data	Total USD ($)	Restricted Share Unit USD ($)	Deferred Share Unit USD ($)	Common Stock USD ($)	Common Stock Restricted Share Unit	Additional Paid-in Capital USD ($)	Additional Paid-in Capital Restricted Share Unit USD ($)	Additional Paid-in Capital Deferred Share Unit USD ($)	Accumulated Other Comprehensive Loss USD ($)	Retained Earnings USD ($)
Beginning Balance at Dec. 31, 2012	$ 619,974			$ 90		$ 601,553			$ (5,416)	$ 23,747
Beginning Balance (in shares) at Dec. 31, 2012				89,734,112
Shares issued under 2007 Stock Option Plan (in shares)				90,000
Shares issued under 2007 Stock Option Plan	571					571
Stock-based compensation and RSU/DSU plan share issuances (in shares)					119,560
Stock-based compensation and RSU/DSU plan share issuances		4,568	737				4,568	737
Shares issued in public offering - Note 9 (in shares)				14,000,000
Shares issued in public offering - Note 9	150,500			14		150,486
Share issuance costs - Note 9	(8,543)					(8,543)
Other comprehensive income - Note 17	3,492
Net income	18,019
Ending Balance at Sep. 30, 2013	$ 789,318			$ 104		$ 749,372			$ (1,924)	$ 41,766
Ending Balance (in shares) at Sep. 30, 2013				103,943,672

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Accounting Pronouncements

9 Months Ended

Sep. 30, 2013

Accounting Changes and Error Corrections [Abstract]

Accounting Pronouncements

2. Accounting Pronouncements

Recently Adopted

In January 2013, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2013-1, “Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities.” ASU 2013-1 states the intended scope of disclosures required by ASU No. 2011-11 “Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities” apply to derivatives and hedging transactions. This pronouncement was effective for fiscal years, and interim periods within those years, beginning on or after January 1, 2013. The adoption of this guidance did not have an effect on the Company’s consolidated financial position, results of operations, or cash flows.

In February 2013, FASB issued ASU No. 2013-2, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” ASU 2013-2 improves the reporting of reclassifications out of accumulated other comprehensive income by requiring an entity to report their corresponding effect(s) on net income. This pronouncement was effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2012. Other than the additional disclosure requirements, the adoption of this guidance did not have an effect on the Company’s consolidated financial position, results of operations, or cash flows.

Recently Issued

In July 2013, the FASB issued ASU No. 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss (“NOL”) Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.” ASU 2013-11 improves the reporting of unrecognized tax benefits when an NOL carryforward, a similar tax loss, or a tax credit carryforward exists, by eliminating diversityin practice. This pronouncement is effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2013. Other than the additional disclosure requirements, the adoption of this guidance is not expected to have an effect on the Company’s consolidated financial position, results of operations, or cash flows.

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Prepaids and Other Assets

9 Months Ended

Sep. 30, 2013

Prepaids and Other Assets

5. Prepaids and Other Assets

The following table provides the components of prepaids and other assets (in thousands):

	September 30, 2013		December 31, 2012
Prepaids and other
Prepaids	$	4,727	$	6,185
Federal income taxes receivable	2,780		3,150
Deposits	1,691		661
Derivative instruments - Note 17	347		1,826
Property and equipment held for sale	32,663		—
Other	199		262
	$	42,407	$	12,084
Other assets, non-current
Debt issuance costs, net	$	13,301	$	13,947
Marketable equity securities	1,097		1,774
Reclamation policy premium, net	504		593
Other	—		50
	$	14,902	$	16,364

At September 30, 2013, property and equipment held for sale included a residential housing development, one blasthole drill, and all of the components required for one electric wire rope shovel, none of which had ever been placed in service and used in the Company's operations. A $0.3 million loss was included in Other, net for each of the three and nine month periods ended September 30, 2013 to adjust property and equipment held for sale to its estimated fair value less costs to sell. Residential housing includes costs the Company has incurred to build single family houses, all of which are expected to be sold within the next twelve months. As of September 30, 2013, all residential houses previously sold were done so at the Company's cost of each house, which approximates fair value, resulting in no gain or loss. Future residential house sales are expected to be sold in a similar manner, resulting in no gain or loss.

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Inventories

9 Months Ended

Sep. 30, 2013

Inventory Disclosure [Abstract]

Inventories

3. Inventories

The following table provides the components of inventories and the estimated recoverable gold ounces therein (in thousands, except ounces):

	September 30, 2013			December 31, 2012
	Amount		Gold ounces	Amount		Gold ounces
Materials and supplies	$	18,135		$	11,637
In-process	46,383		45,659	42,479		46,754
Carbon in-process	5,584		4,777	1,281		1,474
Precious metals	710		704	421		463
	$	70,812	51,140	$	55,818	48,691

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Basis of Presentation - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2013
Minimum
Revenue recognition settlement period	1 month
Maximum
Revenue recognition settlement period	4 months

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Stockpiles and Ore On Leach Pads (Tables)

9 Months Ended

Sep. 30, 2013

Text Block [Abstract]

Summary of Stockpiles and Ore on Leach Pads and Estimated Recoverable Gold Ounces

The following table summarizes stockpiles and ore on leach pads and the estimated recoverable gold ounces therein (in thousands, except ounces):

	September 30, 2013			December 31, 2012
	Amount		Gold ounces	Amount		Gold ounces
Current:
Ore on leach pads	$	148,999	126,159	$	93,088	114,252
Non-current:
Ore on leach pads	$	86,967	73,636	$	23,272	28,563
Stockpiles	21,873		53,738	15,085		32,074
	$	108,840	127,374	$	38,357	60,637

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Debt (Tables)

9 Months Ended

Sep. 30, 2013

Debt Disclosure [Abstract]

Summary of Components of Debt

The following table summarizes the components of debt (in thousands):

	September 30, 2013		December 31, 2012
Debt, current:
Capital lease and term loan obligations	$	53,903	$	28,614
Term and Security Deposit loan	18,125		—
	$	72,028	$	28,614
Debt, non-current:
Capital lease and term loan obligations	$	159,969	$	94,538
8.75% Senior Notes due June 2019 (1)	388,920		402,040
	$	548,889	$	496,578
(1) Effective interest rate of 8.375% after cross currency swap.

Future Minimum Capital Lease Obligation Payments, Including Interest

The following is a summary of the future minimum payments under the Company’s capital lease and term loan obligations as of September 30, 2013 (in thousands):

Fiscal Year	Minimum Lease Payments
2013	$	15,248
2014	61,350
2015	53,345
2016	47,884
2017	33,296
Thereafter	27,434
Less: interest	(24,685		)
Net minimum capital lease payments	213,872
Less: current portion	(53,903		)
Non-current portion	$	159,969

Summary of Components of Interest Expense

The following table summarizes the components of interest expense (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2013			2012			2013			2012
8.75% Senior Notes due June 2019 (1)	$	8,452		$	8,423		$	25,219		$	11,821
Capital lease and term loan obligations	1,989			1,255			5,441			2,676
Amortization of debt issuance costs	664			514			1,909			750
Term and Security Deposit loan	755			—			1,105			—
Revolving credit facility standby fees	385			73			1,010			220
Other interest expense	368			—			592			—
Capitalized interest	(7,252		)	(2,343		)	(21,593		)	(3,622		)
	$	5,361		$	7,922		$	13,683		$	11,845
(1) Effective interest rate of 8.375% after cross currency swap.

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Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2013

Postemployment Benefits [Abstract]

Stock-Based Compensation Cost (Benefit)

The following tables summarize the Company’s stock-based compensation cost and unrecognized stock-based compensation cost by plan (in thousands):

	Three months ended September 30,					Nine months ended September 30,
Stock-based compensation cost	2013		2012			2013		2012
Restricted Share Unit	$	1,005	$	1,364		$	4,568	$	4,291
Deferred Share Unit	212		262			737		525
Deferred Phantom Unit	—		(883		)	—		(1,249		)
	$	1,217	$	743		$	5,305	$	3,567

Unrecognized Stock-Based Compensation Cost by Plan

	September 30,
Unrecognized stock-based compensation cost	2013		2012
Restricted Share Unit	12,115		12,056
Deferred Share Unit	525		525
	$	12,640	$	12,581

Activity of Stock-Based Compensation Plans

The following table summarizes awards and activity of the Company’s stock-based compensation plans:

	Nine months ended September 30,
	2013						2012
	Restricted Share Unit		2007  Stock Option		Deferred Phantom  Unit	Deferred Share  Unit	Restricted Share Unit		2007  Stock Option		Deferred Phantom  Unit	Deferred Share  Unit
Outstanding on January 1,	849,482		640,000		248,136	34,008	568,787		775,776		281,869	—
Correction of reporting issuance by plan administrator	—		—		—	—	280,000		—		—	—
Granted	1,427,386		—		—	100,400	291,081		—		—	37,100
Vested/exercised	(119,560	)	(90,000	)	—	—	(229,322	)	(92,442	)	—	—
Canceled/forfeited	(404,037	)	(50,000	)	—	—	(31,666	)	—		—	—
Outstanding, end of period	1,753,271		500,000		248,136	134,408	878,880		683,334		281,869	37,100
Vested and unissued/exercisable, end of period	495,116		500,000		248,136	80,861	380,000		683,334		281,869	18,550

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Summary of separation and severance costs by type of cost and reportable segment (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Restructuring Cost and Reserve [Line Items]
One time, cash payments	$ 3,011	$ 0	$ 4,809	$ 0
Stock-based compensation costs from continued vesting	0	0	1,124	0
Total Cost	3,011	0	5,933	0
Hycroft Mine
Restructuring Cost and Reserve [Line Items]
Total Cost	1,860	0	1,860	0
Exploration
Restructuring Cost and Reserve [Line Items]
Total Cost	381	0	405	0
Corporate and Other
Restructuring Cost and Reserve [Line Items]
Total Cost	$ 770	$ 0	$ 3,668	$ 0

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Future Minimum Capital Lease Obligation Payments, Including Interest (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Debt Disclosure [Abstract]
2013	$ 15,248
2014	61,350
2015	53,345
2016	47,884
2017	33,296
Thereafter	27,434
Less: interest	(24,685)
Net minimum capital lease payments	213,872
Less: current portion	(53,903)	(28,614)
Non-current portion	$ 159,969	$ 94,538

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Components of Plant, Equipment and Mine Development (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Property, Plant and Equipment [Line Items]
Construction in progress and other	$ 434,696	$ 247,262
Plant and equipment, gross	1,015,098	608,713
Less: accumulated depreciation and amortization	(124,311)	(70,676)
Plant and equipment, net	890,787	538,037
Property and equipment held for sale	32,663	0
Mine equipment
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	355,080	200,446
Mine equipment | Minimum
Property, Plant and Equipment [Line Items]
Depreciable life (years)	3 years
Mine equipment | Maximum
Property, Plant and Equipment [Line Items]
Depreciable life (years)	10 years
Mine development
Property, Plant and Equipment [Line Items]
Depreciable method	Units-of-production
Plant and equipment, gross	116,635	96,406
Leach pads
Property, Plant and Equipment [Line Items]
Depreciable method	Units-of-production
Plant and equipment, gross	77,021	38,700
Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	24,625	19,798
Buildings and leasehold improvements | Minimum
Property, Plant and Equipment [Line Items]
Depreciable life (years)	3 years
Buildings and leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Depreciable life (years)	10 years
Furniture, fixtures, and office equipment
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	4,098	3,769
Furniture, fixtures, and office equipment | Minimum
Property, Plant and Equipment [Line Items]
Depreciable life (years)	2 years
Furniture, fixtures, and office equipment | Maximum
Property, Plant and Equipment [Line Items]
Depreciable life (years)	3 years
Vehicles
Property, Plant and Equipment [Line Items]
Plant and equipment, gross	$ 2,943	$ 2,332
Vehicles | Minimum
Property, Plant and Equipment [Line Items]
Depreciable life (years)	3 years
Vehicles | Maximum
Property, Plant and Equipment [Line Items]
Depreciable life (years)	5 years

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Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Common stock, par value, in dollars per share	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	103,943,670	89,734,112
Common stock, shares outstanding	103,943,670	89,734,112

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Debt

9 Months Ended

Sep. 30, 2013

Debt Disclosure [Abstract]

Debt

8. Debt

The following table summarizes the components of debt (in thousands):

	September 30, 2013		December 31, 2012
Debt, current:
Capital lease and term loan obligations	$	53,903	$	28,614
Term and Security Deposit loan	18,125		—
	$	72,028	$	28,614
Debt, non-current:
Capital lease and term loan obligations	$	159,969	$	94,538
8.75% Senior Notes due June 2019 (1)	388,920		402,040
	$	548,889	$	496,578
(1) Effective interest rate of 8.375% after cross currency swap.

Senior Notes

In May 2012, the Company issued CDN $400.0 million of uncollateralized senior notes (the “Notes”). The Notes are denominated in Canadian dollars, pay interest semi-annually at the rate of 8.75% per annum, and mature in June, 2019. Concurrently with the issuance of the Notes, the Company entered into a cross currency swap agreement based upon a notional amount of $400.4 million, the gross proceeds to the Company from the issuance, which fixed the interest rate at 8.375% as further described in Note 17 - Derivative Instruments. The Notes balance was $388.9 million based upon the U.S. dollar to Canadian dollar exchange rate on September 30, 2013. The Notes are guaranteed by most of the Company’s currently wholly-owned subsidiaries, including Hycroft Resources & Development Inc., which owns the Hycroft Mine and conducts mining operations.

Capital Lease and Term Loan Obligations

The Company’s capital lease and term loan obligations are for the purchase of mining equipment, bear interest at rates between 4% - 7% per annum, and primarily carry 60 - 84-month terms. The following is a summary of the future minimum payments under the Company’s capital lease and term loan obligations as of September 30, 2013 (in thousands):

Fiscal Year	Minimum Lease Payments
2013	$	15,248
2014	61,350
2015	53,345
2016	47,884
2017	33,296
Thereafter	27,434
Less: interest	(24,685		)
Net minimum capital lease payments	213,872
Less: current portion	(53,903		)
Non-current portion	$	159,969

Term and Security Deposit Loan Agreement

In March 2013, the Company entered into a Term and Security Deposit Loan Agreement (the “Loan Agreement”) related to the purchase of three electric rope shovels. Under the Loan Agreement, the Company was made available up to $60.0 million ($20.0 million for each shovel) for scheduled advance security deposit payments pursuant to purchase agreements for the electric rope shovels and up to $90.0 million ($30.0 million for each shovel) in term loan financing to fund the purchase of the electric rope shovels once commissioned at the Hycroft Mine. Under the Loan Agreement, as electric rope shovels are commissioned, amounts previously advanced to the Company for security deposits, together with the remaining purchase price of each electric rope shovel, are converted to term loan obligations. The electric rope shovels secure all amounts borrowed by the Company under the Loan Agreement.

As of September 30, 2013, the Company had commissioned two (of the three) electric rope shovels and, as such, amounts borrowed for these two shovels are included in capital lease and term loan obligations. As discussed in Note 5 - Prepaids and Other Assets, costs for the third electric rope shovel are included in equipment held for sale at September 30, 2013. Accordingly, amounts borrowed under the Loan Agreement for the third electric rope shovel are included in Debt, current as repayment will occur when the components of the third shovel are sold, which the Company believes will happen within the next twelve months.

All amounts borrowed under the Loan Agreement are subject to a 1.25% commitment fee, however, amounts previously advanced for security deposits and subsequently converted to term loan obligations are not subject to an additional commitment fee upon conversion. Advances for security deposits under the Loan Agreement bear an interest rate determined by an applicable rate plus the three month LIBOR, which approximated 4.9% at September 30, 2013. The two executed term loans for the commissioned shovels carry seven year terms and bear interest at a fixed rate of approximately 6%.

Revolving Credit Agreement

The Company's $120.0 million revolving credit agreement (the “Revolver”) matures in April, 2016. In March 2013 and June 2013, the Company entered into amendments to the Revolver which modified the Interest Coverage Ratio and Leverage Ratio, as defined in the Revolver, for each of the three month periods ended March 31 and June 30, 2013. Such amended ratios returned to the ratios originally contained in the Revolver for the three months ended September 30, 2013 and all quarters thereafter.

In September 2013, the Company entered into the Third Amendment to Credit Agreement (the “Third Amendment”) to the Revolver which modified the Interest Coverage Ratio and Leverage Ratio, as defined in the Revolver, for the three months ended September 30, 2013. Such amended ratios returned to the ratios originally contained in the Revolver on October 1, 2013 and all dates thereafter. The Third Amendment also modified the definition of Calculation Date, as defined in the Revolver, to require the Company to calculate certain financial ratios on a pro forma basis on each date upon which the Company requests credit, which will determine the Company's compliance with certain covenants contained in the Revolver.

The Revolver is collateralized by substantially all of the Company’s assets. The interest rate on drawdowns is at an applicable rate plus a base rate or LIBOR, with the applicable rate determined by financial ratios of the Company. During the three and nine months ended September 30, 2013, no amounts were borrowed under the Revolver.

Debt Covenants

The Company’s Notes contain provisions that among other things restrict or limit the ability of the Company to redeem the Notes, incur or guarantee additional debt, pay dividends, and consolidate, merge or sell all or substantially all of the Company’s assets. The Loan Agreement also contains customary covenants, agreements, and events of default for loan agreements of this type. The Company’s Revolver and certain capital lease obligations contain financial covenants related to net worth and interest coverage and leverage ratios, as well as certain affirmative and restrictive covenants. As discussed above in the Revolving Credit Agreement section, certain financial ratios were modified for the three months ended September 30, 2013. The Company was in compliance with all debt covenants as of September 30, 2013.

Interest Expense

The following table summarizes the components of interest expense (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2013			2012			2013			2012
8.75% Senior Notes due June 2019 (1)	$	8,452		$	8,423		$	25,219		$	11,821
Capital lease and term loan obligations	1,989			1,255			5,441			2,676
Amortization of debt issuance costs	664			514			1,909			750
Term and Security Deposit loan	755			—			1,105			—
Revolving credit facility standby fees	385			73			1,010			220
Other interest expense	368			—			592			—
Capitalized interest	(7,252		)	(2,343		)	(21,593		)	(3,622		)
	$	5,361		$	7,922		$	13,683		$	11,845
(1) Effective interest rate of 8.375% after cross currency swap.

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Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:
Net income	$ 4,971	$ 13,402	$ 18,019	$ 31,612
Adjustments to reconcile net income for the period to net cash provided by (used in) operating activities:
Depreciation and amortization	9,607	3,758	19,194	7,859
Accretion	165	139	494	424
Stock-based compensation - Note 15	1,217	743	5,305	3,567
Deferred taxes	(3,097)	16,716	(2,145)	13,567
Other non-cash items	1,150	230	2,118	119
Changes in operating assets and liabilities:
Accounts receivable	348	(22,644)	49,541	(22,644)
Inventories	(3,395)	5,662	(12,591)	(21,153)
Stockpiles and ore on leach pads	(21,297)	(12,761)	(94,472)	(25,787)
Prepaids and other	(2,670)	(6,547)	(5,572)	(2,940)
Accounts payable	11,313	3,975	(805)	6,381
Interest payable	8,452	8,422	8,452	11,821
Asset retirement obligation	(3)	(71)	(31)	(408)
Other liabilities	(260)	2,757	(1,226)	1,449
Net cash provided by (used in) operating activities	6,501	13,781	(13,719)	3,867
Cash flows from investing activities:
Additions to plant, equipment, and mine development	(88,208)	(67,306)	(285,286)	(139,767)
Additions to mineral properties	0	0	(51)	(100)
Increases in restricted cash	0	(9,363)	(9,375)	(12,470)
Proceeds from other investing activities	100	0	115	38
Net cash used in investing activities	(88,108)	(76,669)	(294,597)	(152,299)
Cash flows from financing activities:
Proceeds from issuance of common stock - Note 9	0	322	151,071	464
Payments of share issuance costs - Note 9	(219)	0	(8,543)	0
Proceeds from debt issuance	0	0	0	400,400
Payments of debt issuance costs	(251)	(97)	(1,263)	(13,269)
Repayments of principal on capital lease obligations	(10,412)	(4,680)	(25,540)	(10,567)
Excess tax benefit from stock-based awards	0	(6,882)	0	(796)
Net cash (used in) provided by financing activities	(10,882)	(11,337)	115,725	376,232
Net (decrease) increase in cash and cash equivalents	(92,489)	(74,225)	(192,591)	227,800
Cash and cash equivalents, beginning of period	246,945	577,027	347,047	275,002
Cash and cash equivalents, end of period	154,456	502,802	154,456	502,802
Supplemental cash flow disclosures:
Cash paid for interest	2,746	1,173	23,315	2,676
Cash paid for income taxes	0	0	0	3,950
Non-cash financing and investing activities:
Mining equipment acquired through debt financing	26,867	26,402	131,490	55,028
Plant and equipment additions through accounts payable increase	0	19,836	36,519	19,836
Additional paid in capital increase from award modification and settlement of outstanding DPU liability	0	7,286	0	7,286
Accounts payable reduction through capital lease	$ 0	$ 0	$ 2,560	$ 10,047

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Computation of Basic and Diluted Income Per Share (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Earnings Per Share [Abstract]
Net income available to common stockholders:	$ 4,971	$ 13,402	$ 18,019	$ 31,612
Weighted average common shares:
Basic	104,416	90,020	97,297	89,893
Effect of shares granted under the Restricted Share Unit Plan	1,045	501	988	529
Effect of stock options granted under the 2007 Stock Option Plan	83	578	319	578
Effect of shares granted under the Deferred Phantom Unit Plan	248	187	248	63
Effect of shares granted under the Deferred Share Unit Plan	130	24	97	8
Diluted	105,922	91,310	98,949	91,071
Basic, in dollars per share	$ 0.05	$ 0.15	$ 0.19	$ 0.35
Diluted, in dollars per share	$ 0.05	$ 0.15	$ 0.18	$ 0.35

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Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Assets:
Cash and cash equivalents	$ 154,456	$ 347,047
Accounts receivable	10,938	60,479
Inventories - Note 3	70,812	55,818
Ore on leachpads, current - Note 4	148,999	93,088
Prepaids and other - Note 5	42,407	12,084
Current assets	427,612	568,516
Restricted cash	41,212	31,837
Stockpiles and ore on leachpads, non-current - Note 4	108,840	38,357
Other assets, non-current - Note 5	14,902	16,364
Plant, equipment, and mine development, net - Note 6	890,787	538,037
Mineral properties, net	42,913	44,616
Deferred tax assets, non-current	4,401	0
Total assets	1,530,667	1,237,727
Liabilities:
Accounts payable	70,453	60,292
Interest payable	11,208	2,756
Other liabilities, current - Note 7	8,257	9,762
Debt, current - Note 8	72,028	28,614
Asset retirement obligation, current	331	331
Deferred tax liabilities, current	4,608	76
Current liabilities	166,885	101,831
Other liabilities, non-current - Note 7	16,386	10,223
Debt, non-current - Note 8	548,889	496,578
Asset retirement obligation, non-current	9,189	8,726
Deferred tax liabilities, non-current	0	395
Total liabilities	741,349	617,753
Commitments and Contingencies - Note 19
Stockholders' Equity:
Common stock, $0.001 par value - Note 9 Shares authorized: 200,000,000 Shares issued and outstanding: 103,943,670 and 89,734,112, respectively	104	90
Additional paid-in-capital	749,372	601,553
Accumulated other comprehensive loss - Note 17	(1,924)	(5,416)
Retained earnings	41,766	23,747
Total stockholders' equity	789,318	619,974
Total liabilities and stockholders' equity	$ 1,530,667	$ 1,237,727

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Summary of Components of Interest Expense (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Interest Expense [Line Items]
Capital lease and term loan obligations	$ 1,989	$ 1,255	$ 5,441	$ 2,676
Amortization of debt issuance costs	664	514	1,909	750
Term and Security Deposit loan	755	0	1,105	0
Revolving credit facility standby fees	385	73	1,010	220
Other interest expense	368	0	592	0
Capitalized interest	(7,252)	(2,343)	(21,593)	(3,622)
Interest expense	5,361	7,922	13,683	11,845
8.75% Senior Notes due June 2019
Interest Expense [Line Items]
Interest expense	$ 8,452	$ 8,423	$ 25,219	$ 11,821

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Prepaids and Other Assets (Tables)

9 Months Ended

Sep. 30, 2013

Components of Prepaid and Other Assets

The following table provides the components of prepaids and other assets (in thousands):

	September 30, 2013		December 31, 2012
Prepaids and other
Prepaids	$	4,727	$	6,185
Federal income taxes receivable	2,780		3,150
Deposits	1,691		661
Derivative instruments - Note 17	347		1,826
Property and equipment held for sale	32,663		—
Other	199		262
	$	42,407	$	12,084
Other assets, non-current
Debt issuance costs, net	$	13,301	$	13,947
Marketable equity securities	1,097		1,774
Reclamation policy premium, net	504		593
Other	—		50
	$	14,902	$	16,364

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Derivative Instruments

9 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

17. Derivative Instruments

Derivative Instrument Fair Values

The following table is a summary of the fair values of the Company’s derivative instruments (in thousands):

	September 30, 2013						December 31, 2012
	Prepaids and other		Other liabilities, current		Other liabilities, non-current		Prepaids and other		Other liabilities, non-current
Cross currency swap	$	160	$	—	$	15,432	$	1,391	$	9,324
Diesel swap agreements	187		—		—		435		—
Embedded derivatives in provisional sales agreements	—		108		—		—		—
	$	347	$	108	$	15,432	$	1,826	$	9,324

Derivative Instruments Not Designated as Hedges

Provisionally Priced Sales

The Company’s provisionally priced sales agreements for its carbon in-process inventory sales contain embedded derivatives that are required to be separated from the host contracts for accounting purposes. The host contracts are the receivables from sales of metals at forward prices. The embedded derivative, which does not qualify for hedge accounting, is adjusted to fair value through earnings (revenues) each period, using period-end forward prices, through the date of final settlement. At September 30, 2013, the Company had $3.7 million of unsettled provisionally priced sales for approximately 2,615 ounces of gold at an average price of $1,327 per ounce and approximately 15,727 ounces of silver at an average price of $22 per ounce. During the three months ended September 30, 2013, changes in metal prices for provisionally priced sales that settled during the quarter resulted in a net increase to revenues of $0.8 million. The Company did not have any provisionally priced sales during the same periods of 2012.

Derivative Instruments Designated as Hedges – Cash Flow Hedges

The Company has entered into swap agreements to hedge against price volatility of some of its operating cost exposure related to diesel fuel and to hedge against the effect of foreign exchange and interest rate fluctuations on cash flows related to the Notes. The diesel and cross currency swap agreements have been designated as cash flow hedges and, as such, changes in the market value of such instruments have been recorded in Accumulated other comprehensive income (loss). The Company did not experience any ineffectiveness in its hedging instruments during the three and nine months ended September 30, 2013.

Diesel Swap Agreements

At September 30, 2013, the Company had outstanding diesel swap agreements that mature in 2013 for 0.9 million gallons (0.3 million gallons per month) at an average price of $2.71 per gallon. The Company believes it has hedged approximately 30% of its forecasted diesel consumption for the remainder of 2013.

Cross Currency Swap

In May 2012, the Company entered into a cross currency swap concurrent with the issuance of the Notes. The notional value of the cross currency swap was $400.4 million and the interest rate was fixed at 8.375%. The Company makes interest payments ($400.4 million at 8.375%) to the counterparty in exchange for the Canadian dollars required to service the Notes (CDN$400.0 million at 8.75%). Upon maturity the Company will pay $400.4 million to the counterparty and receive CDN $400.0 million, which will be used to satisfy the face amount of the issuance.

Accumulated Other Comprehensive Income (Loss)

Some of the Company’s diesel and cross currency swaps designated as cash flow hedges settled during the nine months ended September 30, 2013 and 2012, a portion of which was reclassified from Accumulated other comprehensive income (loss) into earnings. The following table sets forth changes in Accumulated other comprehensive income (loss) and the effect of the cash flow hedges on our Condensed Consolidated Financial Statements (in thousands):

	Nine months ended September 30, 2013
	Cross Currency Swap			Diesel Swap Agreements			Tax Effects			Total
Balance, beginning of period	$	(9,574	)	$	1,241		$	2,917		$	(5,416	)
Gain (loss) recognized in other comprehensive income (loss) for effective portion of unsettled cash flow hedges	5,781			(248		)	(1,937		)	3,596
Settlements of cash flow hedges	(12,927		)	534			4,338			(8,055		)
Reclassifications into earnings when underlying hedged transactions impacted earnings:
Reclassified to Interest expense	(193		)	—			68			(125		)
Reclassified to Other, net	13,120			—			(4,592		)	8,528
Reclassified to Production costs	—			(695		)	243			(452		)
Balance, end of period	$	(3,793	)	$	832		$	1,037		$	(1,924	)

	Nine months ended September 30, 2012
	Cross Currency Swap			Diesel Swap Agreements			Tax Effects			Total
Balance, beginning of period	$	—		$	—		$	—		$	—
Gain (loss) recognized in other comprehensive income (loss) for effective portion of unsettled cash flow hedges	(9,463		)	581			3,109			(5,773		)
Settlements of cash flow hedges	6,958			460			(2,596		)	4,822
Reclassifications into earnings when underlying hedged transactions impacted earnings:
Reclassified to Interest expense	(718		)	—			251			(467		)
Reclassified to Other, net	(6,240		)	—			2,184			(4,056		)
Reclassified to Production costs	—			(19		)	7			(12		)
Balance, end of period	$	(9,463	)	$	1,022		$	2,955		$	(5,486	)

During the nine months ended September 30, 2013, a foreign currency transaction gain of $13.1 million decreased the outstanding Notes balance and was included in Other, net. As a result of the cross currency swap, the transaction gain was offset by a corresponding loss included in Other, net, resulting in no impact to net income. Similarly, any future foreign currency transaction gain (loss) attributable to the Notes and included in Other, net will be offset due to the currency swap, resulting in no impact to net income.

As a result of the cross currency swap, during the nine months ended September 30, 2013, the Company recorded a $0.2 million reduction to Interest expense, representing the difference in interest expense between the swapped amount and rate ($400.4 million at 8.375%) and the interest expense on the issued amount and stated rate (CDN $400.0 million at 8.75%) translated to US dollars. The Company estimates that $0.1 million (net of tax) related to the currency swap will be reclassified from Accumulated other comprehensive income (loss) into earnings during the next 12 months.

During the nine months ended September 30, 2013, as certain gold ounces were sold, a $0.7 million reduction to Production costs resulted from reclassifying amounts from previously settled diesel swap agreements into earnings. The Company estimates that $0.3 million (net of tax) will be reclassified from Accumulated other comprehensive income (loss) into earnings during the next 12 months for previously settled diesel swap agreements.

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Components of Prepaid and Other Assets (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2012
Prepaids and other
Prepaids	$ 4,727	$ 4,727	$ 6,185
Federal income taxes receivable	2,780	2,780	3,150
Deposits	1,691	1,691	661
Derivative instruments - Note 17	347	347	1,826
Property and equipment held for sale	32,663	32,663	0
Other	199	199	262
Prepaids and other	42,407	42,407	12,084
Other assets, non-current
Debt issuance costs, net	13,301	13,301	13,947
Marketable equity securities	1,097	1,097	1,774
Reclamation policy premium, net	504	504	593
Other	0	0	50
Other assets, non-current	14,902	14,902	16,364
Adjusted loss on property and equipment held for sale to its estimated fair value less costs to sell	$ 300	$ 300

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Summary of Revenue from Gold and Silver Revenue (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013 ozt	Sep. 30, 2012 ozt	Sep. 30, 2013 ozt	Sep. 30, 2012 ozt
Segment Reporting [Abstract]
Gold revenue	$ 72,649	$ 59,337	$ 172,567	$ 122,812
Silver revenue	4,092	5,492	12,362	14,908
Total	$ 76,741	$ 64,829	$ 184,929	$ 137,720
Gold Ounces Sold	52,713	34,851	121,481	72,960
Silver Ounces Sold	184,082	177,844	505,151	480,886

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Derivative Instruments - Additional Information (Detail)	3 Months Ended		9 Months Ended			1 Months Ended			9 Months Ended	3 Months Ended	9 Months Ended
	Sep. 30, 2013 USD ($) ozt gal	Sep. 30, 2012 USD ($) ozt	Sep. 30, 2013 USD ($) ozt gal	Sep. 30, 2012 USD ($) ozt	May 31, 2012	May 31, 2012 Cross currency swap USD ($)	May 31, 2012 Cross currency swap CAD	May 31, 2012 Cross currency swap 8.375% Senior Subordinated Notes USD ($)	Sep. 30, 2013 Diesel swap agreements USD ($)	Sep. 30, 2013 Embedded derivatives in provisional sales agreements USD ($)	Sep. 30, 2013 Embedded derivatives in provisional sales agreements USD ($) oz	Sep. 30, 2013 Embedded derivatives in provisional sales agreements Gold	Sep. 30, 2013 Embedded derivatives in provisional sales agreements Silver	Sep. 30, 2013 Cross currency swap USD ($)	Sep. 30, 2012 Cross currency swap USD ($)	Sep. 30, 2013 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges USD ($)	Sep. 30, 2012 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges USD ($)	Sep. 30, 2013 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges Cross currency swap USD ($)	Sep. 30, 2012 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges Cross currency swap USD ($)	Sep. 30, 2013 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges Forward Contracts USD ($)	Sep. 30, 2012 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges Forward Contracts USD ($)
Derivative Instrument [Line Items]
Revenues for unsettled provisionally priced sales	$ 72,649,000	$ 59,337,000	$ 172,567,000	$ 122,812,000							$ 3,700,000
Number of ounces of gold	52,713	34,851	121,481	72,960							2,615
Average sale price per ounce												1,327	22
Number of ounces of silver	184,082	177,844	505,151	480,886							15,727
Reduction to revenues for unsettled provisionally priced sales										800,000
Diesel gallons (thousands)	900,000.0		900,000.0
Diesel gallons per month	300,000		300,000
Average rate ($/gallon)			2.71
Hedge ratio to requirements	30.00%		30.00%
Diesel swap agreements, maturity			2013
Notional value of cross currency swap						400,400,000		400,400,000
Senior Notes, interest rate after cross currency and interest rate swap					8.375%	8.375%	8.375%
Payment to counterparty upon maturity of derivative						400,400,000
Proceed from counterparty upon maturity of derivative							400,000,000
Other Income																8,528,000	(4,056,000)	13,120,000	(6,240,000)
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net			125,000	467,000										193,000	718,000
Other Cost and Expense, Operating																452,000	12,000			695,000	19,000
Estimated currency swap reclassified from Accumulated other comprehensive income (loss) into earning	$ 8,400,000	$ (4,600,000)	$ (13,120,000)	$ 6,240,000					$ 300,000

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Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments Designated as Cash Flow Hedges

The following table is a summary of the fair values of the Company’s derivative instruments (in thousands):

	September 30, 2013						December 31, 2012
	Prepaids and other		Other liabilities, current		Other liabilities, non-current		Prepaids and other		Other liabilities, non-current
Cross currency swap	$	160	$	—	$	15,432	$	1,391	$	9,324
Diesel swap agreements	187		—		—		435		—
Embedded derivatives in provisional sales agreements	—		108		—		—		—
	$	347	$	108	$	15,432	$	1,826	$	9,324

Changes in Accumulated Other Comprehensive Income (Loss) and Effect of the Cash Flow Hedges

The following table sets forth changes in Accumulated other comprehensive income (loss) and the effect of the cash flow hedges on our Condensed Consolidated Financial Statements (in thousands):

	Nine months ended September 30, 2013
	Cross Currency Swap			Diesel Swap Agreements			Tax Effects			Total
Balance, beginning of period	$	(9,574	)	$	1,241		$	2,917		$	(5,416	)
Gain (loss) recognized in other comprehensive income (loss) for effective portion of unsettled cash flow hedges	5,781			(248		)	(1,937		)	3,596
Settlements of cash flow hedges	(12,927		)	534			4,338			(8,055		)
Reclassifications into earnings when underlying hedged transactions impacted earnings:
Reclassified to Interest expense	(193		)	—			68			(125		)
Reclassified to Other, net	13,120			—			(4,592		)	8,528
Reclassified to Production costs	—			(695		)	243			(452		)
Balance, end of period	$	(3,793	)	$	832		$	1,037		$	(1,924	)

	Nine months ended September 30, 2012
	Cross Currency Swap			Diesel Swap Agreements			Tax Effects			Total
Balance, beginning of period	$	—		$	—		$	—		$	—
Gain (loss) recognized in other comprehensive income (loss) for effective portion of unsettled cash flow hedges	(9,463		)	581			3,109			(5,773		)
Settlements of cash flow hedges	6,958			460			(2,596		)	4,822
Reclassifications into earnings when underlying hedged transactions impacted earnings:
Reclassified to Interest expense	(718		)	—			251			(467		)
Reclassified to Other, net	(6,240		)	—			2,184			(4,056		)
Reclassified to Production costs	—			(19		)	7			(12		)
Balance, end of period	$	(9,463	)	$	1,022		$	2,955		$	(5,486	)

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Other, Net (Tables)

9 Months Ended

Sep. 30, 2013

Other, Net [Abstract]

Schedule of Other Operating Cost and Expense, by Component

The table below is a summary of the Company’s other income and expense (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2013			2012			2013			2012
Loss on disposal of mineral properties	$	(1,441	)	$	—		$	(1,441	)	$	—
Loss on equipment held for sale - Note 5	(298		)	—			(298		)	—
Gain (loss) on marketable equity securities	290			(387		)	(677		)	(129		)
Foreign currency transaction (loss) gain on senior notes	(8,400		)	4,600			13,120			(6,240		)
Reclassification of gain (loss) from accumulated other comprehensive income for cross currency swap	8,400			(4,600		)	(13,120		)	6,240
Other income (expense)	53			(31		)	119			2
	$	(1,396	)	$	(418	)	$	(2,297	)	$	(127	)

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Income Per Share (Tables)

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted income per share (in thousands, except per share amounts):

	Three months ended September 30,				Nine months ended September 30,
	2013		2012		2013		2012
Net income available to common stockholders:	$	4,971	$	13,402	$	18,019	$	31,612
Weighted average common shares:
Basic	104,416		90,020		97,297		89,893
Effect of shares granted under the:
Restricted Share Unit Plan	1,045		501		988		529
2007 Stock Option Plan	83		578		319		578
Deferred Phantom Unit Plan	248		187		248		63
Deferred Share Unit Plan	130		24		97		8
Diluted	105,922		91,310		98,949		91,071
Income per share:
Basic	$	0.05	$	0.15	$	0.19	$	0.35
Diluted	$	0.05	$	0.15	$	0.18	$	0.35

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Other Liabilities

9 Months Ended

Sep. 30, 2013

Other Liabilities Disclosure [Abstract]

Other Liabilities

7. Other Liabilities

The following table summarizes the components of other liabilities, current and non-current (in thousands):

	September 30, 2013		December 31, 2012
Other liabilities, current
Accrued compensation	$	3,919	$	4,282
Capital expenditure retentions	4,230		977
Derivative instruments - Note 17	108		—
Refining and processing fees	—		4,503
	$	8,257	$	9,762
Other liabilities, non-current
Derivative instruments - Note 17	$	15,432	$	9,324
Deferred royalty income	905		790
Other	49		109
	$	16,386	$	10,223

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Financial Instruments Measured at Fair Value on Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Available-for-sale securities:
Marketable equity securities	$ 1,097	$ 1,774
Derivative instruments:
Property and equipment held for sale	32,663	0
Fair Value, Inputs, Level 1
Available-for-sale securities:
Marketable equity securities	1,097	1,774
Fair Value, Inputs, Level 2
Derivative instruments:
Derivative asset	347	1,826
Derivative instruments:
Derivative liability	15,540	9,324
Fair Value, Inputs, Level 2 | Diesel swap agreements
Derivative instruments:
Derivative asset	187	435
Fair Value, Inputs, Level 2 | Cross currency swap
Derivative instruments:
Derivative asset	160	1,391
Derivative instruments:
Derivative liability	15,432	9,324
Fair Value, Inputs, Level 2 | Embedded derivatives in provisional sales agreements
Derivative instruments:
Derivative liability	$ 108	$ 0

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Plant, Equipment, and Mine Development, Net (Tables)

9 Months Ended

Sep. 30, 2013

Property, Plant and Equipment [Abstract]

Components of Plant, Equipment and Mine Development

The following table provides the components of plant, equipment, and mine development, net (in thousands):

	Depreciable life or method	September 30, 2013			December 31, 2012
Mine equipment	3 - 10 years	$	355,080		$	200,446
Mine development	Units-of-production	116,635			96,406
Leach pads	Units-of-production	77,021			38,700
Buildings and leasehold improvements	3 - 10 years	24,625			19,798
Furniture, fixtures, and office equipment	2 - 3 years	4,098			3,769
Vehicles	3 - 5 years	2,943			2,332
Construction in progress and other		434,696			247,262
		1,015,098			608,713
Less: accumulated depreciation and amortization		(124,311		)	(70,676		)
		$	890,787		$	538,037

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Components of Inventories and Estimated Recoverable Gold Ounces (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013 ozt	Dec. 31, 2012 ozt
Inventory [Line Items]
Materials and supplies	$ 18,135	$ 11,637
In-process	46,383	42,479
Carbon in-process	5,584	1,281
Precious metals	710	421
Inventories	$ 70,812	$ 55,818
In-process (in ounces)	45,659	46,754
Carbon in-process (in ounces)	4,777	1,474
Precious metals (in ounces)	704	463
Inventory net, (in ounces)	51,140	48,691

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Revenue

9 Months Ended

Sep. 30, 2013

Text Block [Abstract]

Revenue

10. Revenue

The table below is a summary of the Company’s gold and silver revenue (in thousands, except ounces sold):

	Three months ended September 30,						Nine months ended September 30,
	2013			2012			2013			2012
	Amount		Ounces sold	Amount		Ounces sold	Amount		Ounces sold	Amount		Ounces sold
Gold revenue	$	72,649	52,713	$	59,337	34,851	$	172,567	121,481	$	122,812	72,960
Silver revenue	4,092		184,082	5,492		177,844	12,362		505,151	14,908		480,886
	$	76,741		$	64,829		$	184,929		$	137,720

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Plant, Equipment, and Mine Development, Net

9 Months Ended

Sep. 30, 2013

Property, Plant and Equipment [Abstract]

Plant, Equipment, and Mine Development, Net

6. Plant, Equipment, and Mine Development, Net

The following table provides the components of plant, equipment, and mine development, net (in thousands):

	Depreciable life or method	September 30, 2013			December 31, 2012
Mine equipment	3 - 10 years	$	355,080		$	200,446
Mine development	Units-of-production	116,635			96,406
Leach pads	Units-of-production	77,021			38,700
Buildings and leasehold improvements	3 - 10 years	24,625			19,798
Furniture, fixtures, and office equipment	2 - 3 years	4,098			3,769
Vehicles	3 - 5 years	2,943			2,332
Construction in progress and other		434,696			247,262
		1,015,098			608,713
Less: accumulated depreciation and amortization		(124,311		)	(70,676		)
		$	890,787		$	538,037

The Company records advance payments for plant and equipment in construction in progress and other. As discussed in Note 5 - Prepaids and Other Assets, atSeptember 30, 2013, $32.7 million of property and equipment was classified as held for sale and therefore excluded from Plant, equipment, and mine development, net.

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Basis of Presentation

9 Months Ended

Sep. 30, 2013

Accounting Policies [Abstract]

Basis of Presentation

1. Basis of Presentation

The accompanying unaudited Condensed Consolidated Financial Statements of Allied Nevada Gold Corp. and its consolidated subsidiaries (the “Company”) have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations of the SEC. Therefore, the information included in this Quarterly Report on Form 10-Q should be read in conjunction with the audited Consolidated Financial Statements and related footnotes of the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. In the opinion of management, all adjustments and disclosures necessary to fairly present the interim financial information set forth herein have been included. These interim financial statements, with the exception of the new Significant Accounting Policies set forth below and the recently adopted accounting pronouncements described in Note 2 - Accounting Pronouncements, follow the same Significant Accounting Policies disclosed in the Company’s most recent Annual Report on Form 10-K.

The results reported in these Condensed Consolidated Financial Statements are not necessarily indicative of the results that may be expected for the entire year or for future years.

References to “$” refers to United States currency and “CDN $” to Canadian currency.

Significant Accounting Policies

Provisionally Priced Sales

Revenues from the Company’s provisionally priced, carbon in-process inventory sales are recorded at the time of shipment based on forward prices and estimates of recoverable gold and silver ounces. The sales agreements, in general, provide for a provisional payment to the Company on the shipment date based upon provisional assays and quoted metal prices. Provisionally priced sales are settled at future dates using then current metal prices. When final settlement occurs, changes in metal prices from the shipment date and/or metal quantities from updated assay information result in adjustments to previously recorded revenues and accounts receivable. Final settlements generally occur within one to four months from the shipment date. The Company does not provisionally price its finished goods (doré), which is sold at quoted spot market prices.

Provisionally priced sales agreements contain an embedded derivative that is required to be separated from the host contract for accounting purposes. The host contract is the receivable from the sale of metals at forward prices. The embedded derivative, which does not qualify for hedge accounting, is adjusted to fair value through earnings (revenues) each period, using period-end forward prices, through the date of final settlement. Embedded derivatives are recorded as assets in Prepaids and other or as liabilities in Other liabilities, current (refer to Note 17 - Derivative Instruments for additional information).

Assets Held for Sale

From time to time the Company may determine that certain of its property and equipment no longer fit into its strategic operating plans and commit to a plan to sell such identified assets. Assets held for sale are actively marketed at prices that are equal to, or less than, their current fair values which the Company believes will result in their sale within the next twelve months. Assets held for sale are carried at the lower of their carrying amount or fair value less costs to sell and are included in Prepaids and other. Liabilities related to assets held for sale, including outstanding debt, are classified as current liabilities. The Company ceases depreciation on assets classified as held for sale.

If an asset is classified as held for sale and such asset had previously been used, or is currently being used, in the Company's operations, losses resulting from adjusting the asset to fair value less costs to sell are included in income from operations. If an asset is classified as held for sale and such asset had not been used in the Company's operations (i.e. never placed in service), losses resulting from adjusting the asset to fair value less costs to sell are included in Other, net. Property and equipment held for sale at September 30, 2013 had never been placed in service and, as such, losses to adjust the assets to fair value less costs to sell are included in Other, net (refer to Note 5 - Prepaids and Other Assets and Note 12 - Other, Net for additional information).

Separation and Severance Costs

Separation and severance costs result(ed) from rationalizing the Company's overall employee headcount to align its operations in the most strategic and cost-efficient structure. Separation and severance costs are considered those costs associated with (1) a substantial re-alignment of the Company's management structure and (2) substantial reductions to the Company's existing workforce. Separation and severance costs are comprised of one-time, cash payments to employees who are involuntarily terminated and additional benefits pursuant to severance and/or settlement agreements, such as stock-based compensation costs resulting from the continued vesting of outstanding restricted stock unit awards. Liabilities for separation and severance costs are recorded at fair value in the period in which they are incurred and included in Other liabilities, current prior to payment (refer to Note 11 - Separation and Severance Costs for additional information).

Reclassifications

Certain reclassifications have been made to the prior period Condensed Consolidated Financial Statements to conform to the current period presentation. The Company reclassified its advance payments for plant and equipment from Other assets, non-current to Plant, equipment, and mine development, net in the Condensed Consolidated Balance Sheet as of December 31, 2012. The Company reclassified amounts from Corporate general and administrative to Separation and severance costs in the Condensed Consolidated Statements of Income and Comprehensive Income for the three months ended June 30, 2013. The Company also reclassified amounts from Additions to plant, equipment, and mine development to Prepaids and other in the Condensed Consolidated Statements of Cash Flows for the three and six months ended June 30, 2013 and for the three months ended March 31, 2013 to consistently present the cash flow effects of assets held for sale at September 30, 2013. These reclassifications had no effect on previously reported total assets, net cash flows, or net income.

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Summary of Components of Interest Expense (Parenthetical) (Detail)	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012	May 31, 2012
Debt Disclosure [Abstract]
Senior Notes, stated interest rate	8.75%		8.75%
Senior Notes, due date	2019-06	2019-06
Senior Notes, interest rate after cross currency and interest rate swap			8.375%

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Summary of Components of Debt (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Debt, current:
Capital lease obligations	$ 53,903	$ 28,614
Term and Security Deposit loan	18,125	0
Debt, current	72,028	28,614
Debt, non-current:
Capital lease obligations	159,969	94,538
8.75% Senior Notes due June 2019	388,920	402,040
Debt, non-current	$ 548,889	$ 496,578

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Revenue (Tables)

9 Months Ended

Sep. 30, 2013

Text Block [Abstract]

Summary of Revenue from Gold and Silver Revenue

The table below is a summary of the Company’s gold and silver revenue (in thousands, except ounces sold):

	Three months ended September 30,						Nine months ended September 30,
	2013			2012			2013			2012
	Amount		Ounces sold	Amount		Ounces sold	Amount		Ounces sold	Amount		Ounces sold
Gold revenue	$	72,649	52,713	$	59,337	34,851	$	172,567	121,481	$	122,812	72,960
Silver revenue	4,092		184,082	5,492		177,844	12,362		505,151	14,908		480,886
	$	76,741		$	64,829		$	184,929		$	137,720

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Changes in Accumulated Other Comprehensive Income (Loss) and Effect of Cash Flow Hedges (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended															9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013 Change In Fair Value	Sep. 30, 2012 Change In Fair Value	Sep. 30, 2013 Change In Fair Value	Sep. 30, 2012 Change In Fair Value	Sep. 30, 2013 Settlements of cash flow hedges	Sep. 30, 2012 Settlements of cash flow hedges	Sep. 30, 2013 Settlements of cash flow hedges	Sep. 30, 2012 Settlements of cash flow hedges	Sep. 30, 2013 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges	Sep. 30, 2012 Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges	Sep. 30, 2013 Cross currency swap	Sep. 30, 2012 Cross currency swap	Sep. 30, 2013 Cross currency swap Change In Fair Value	Sep. 30, 2012 Cross currency swap Change In Fair Value	Sep. 30, 2013 Cross currency swap Settlements of cash flow hedges	Sep. 30, 2012 Cross currency swap Settlements of cash flow hedges	Sep. 30, 2013 Cross currency swap Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges	Sep. 30, 2012 Cross currency swap Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges	Sep. 30, 2013 Diesel swap agreements	Dec. 31, 2012 Diesel swap agreements	Sep. 30, 2012 Diesel swap agreements	Sep. 30, 2013 Diesel swap agreements Change In Fair Value	Sep. 30, 2012 Diesel swap agreements Change In Fair Value	Sep. 30, 2013 Diesel swap agreements Settlements of cash flow hedges	Sep. 30, 2012 Diesel swap agreements Settlements of cash flow hedges	Sep. 30, 2013 Diesel swap agreements Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges	Sep. 30, 2012 Diesel swap agreements Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges	Sep. 30, 2013 Tax Effects	Sep. 30, 2012 Tax Effects	Sep. 30, 2013 Tax Effects Change In Fair Value	Sep. 30, 2012 Tax Effects Change In Fair Value	Sep. 30, 2013 Tax Effects Settlements of cash flow hedges	Sep. 30, 2012 Tax Effects Settlements of cash flow hedges	Sep. 30, 2013 Tax Effects Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges	Sep. 30, 2012 Tax Effects Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Effect of derivatives on statement of operations and comprehensive income [Line Items]
Balance, beginning of period	$ (5,416)												$ (9,574)								$ 832	$ 1,241	$ 1,022							$ 2,917
Cash flow hedge instruments, net of tax			2,470	(2,082)	3,596	(5,773)	5,941	9,892	(8,055)	4,822					5,781	(9,463)	(12,927)	6,958						(248)	581	534	460					(1,937)	3,109	4,338	(2,596)
Reclassifications into earnings when underlying hedged transactions impacted earnings:
Reclassified to Interest expense	(125)	(467)											(193)	(718)																68	251
Reclassified to Other, net											8,528	(4,056)							13,120	(6,240)																(4,592)	2,184
Reclassified to Production costs											(452)	(12)																(695)	(19)							243	7
Balance, end of period	$ (1,924)	$ (5,486)											$ (3,793)	$ (9,463)							$ 832	$ 1,241	$ 1,022							$ 1,037	$ 2,955

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Stock-Based Compensation Cost by Plan (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 1,217	$ 743	$ 5,305	$ 3,567
Restricted Share Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	1,005	1,364	4,568	4,291
Deferred Share Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	212	262	737	525
Deferred Phantom Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 0	$ (883)	$ 0	$ (1,249)

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Income Tax Expense

9 Months Ended

Sep. 30, 2013

Income Tax Disclosure [Abstract]

Income Tax Expense

13. Income Tax Expense

For the three and nine months ended September 30, 2013, the Company recorded income tax benefits of approximately $4.1 million and $1.8 million, respectively, based on an estimated annual effective rate of a benefit of approximately 10%. Income tax expense during the same periods of 2012 was $4.5 million and $10.5 million, respectively, based on an estimated annual effective rate of 25%. The estimated annual effective tax rates for the three and nine months ended September 30, 2013 and 2012, vary from the United States statutory tax rate of 35% primarily due to the effects of the percentage depletion deduction. The Company's estimated annual effective tax rate and corresponding tax expense are largely sensitive to changes in the Company's pre-tax book income projections. Because the Company's 2013 projected percentage depletion expense exceeds its projected 2013 pre-tax book income, the Company is currently estimating an overall 2013 income tax benefit and, as such, has recorded income tax benefits during the three and nine months ended September 30, 2013.

Historically, the Company has not been subject to state or foreign income taxes as all of the Company’s operations and properties are located within Nevada, which does not impose a state income tax.

As necessary, the Company provides a reserve against the benefits of uncertain tax positions taken in its tax filings. Based on the weight of available evidence, the Company does not believe it has taken any uncertain tax positions that require the establishment of a reserve. The Company has not recorded any interest or penalties related to income tax liabilities as of September 30, 2013.

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Common Stock

9 Months Ended

Sep. 30, 2013

Text Block [Abstract]

Common Stock

9. Common Stock

May 2013 Public Offering

In May 2013, the Company completed a public offering in which 14,000,000 shares of common stock were sold at a price of $10.75 per share for gross proceeds of $150.5 million. The Company paid underwriters fees, commissions, and general offering costs of $8.5 million, resulting in net proceeds of $142.0 million. The Company intends to use the net proceeds of the offering to fund capital expenditures at the Hycroft Mine and for general corporate purposes.

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Commitments and Contingencies - Additional Information (Detail) (Capital Addition Purchase Commitments, USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2013
Capital Addition Purchase Commitments
Commitments and Contingencies Disclosure [Line Items]
Purchase commitment, amount	$ 111.3

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Fair Value Measurements

9 Months Ended

Sep. 30, 2013

Fair Value Measurements

16. Fair Value Measurements

Fair value accounting establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:

Level 1 – Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis;

Level 2 – Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3 – Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Certain financial instruments, including cash and equivalents, accounts receivable, prepaids and other, accounts payable, and other liabilities, are carried at cost, which approximates fair value due to the short-term nature of these instruments. There were no changes to the Company’s valuation techniques and no transfers in or out of Levels 1 or 2 during the three and nine months ended September 30, 2013.

The following table sets forth by level, within the fair value hierarchy, the Company’s assets and liabilities measured at fair value on a recurring basis (in thousands).

Assets	September 30, 2013		December 31, 2012		Input Hierarchy Level
Available-for-sale securities:
Marketable equity securities	$	1,097	$	1,774	Level 1
Derivative instruments:
Diesel swap agreements - Note 17	$	187	$	435	Level 2
Cross currency swap - Note 17	160		1,391		Level 2
	$	347	$	1,826
Property and equipment held for sale - Note 5	$	32,663	$	—	Level 2
Liabilities
Derivative instruments:
Cross currency swap - Note 17	$	15,432	$	9,324	Level 2
Embedded derivatives in provisional sales agreements - Note 17	108		—		Level 2
	$	15,540	$	9,324

The Company’s marketable equity securities are valued using quoted market prices in active markets and, as such, are classified within Level 1 of the fair value hierarchy. The fair value of the marketable equity securities is calculated as the quoted price of the marketable equity security multiplied by the quantity of shares held by the Company. Available-for-sale equity securities are classified as Other assets, non-current with periodic changes in fair value included in Other, net.

The Company’s derivative instruments are valued using models which require a variety of inputs, including contractual terms, market prices, yield curves, credit spreads, and correlations of such inputs. Some of the model inputs used in valuing the derivative instruments trade in liquid markets and, as such, model inputs can generally be verified and do not involve significant management judgment. Derivative instruments are classified within Level 2 of the fair value hierarchy and are included in Prepaids and other and Other liabilities, current and non-current.

The Company’s property and equipment held for sale is valued using a market approach for each item of property and equipment held for sale. Inputs include quoted market prices for identical or similar assets in markets that are not active and, as such, property and equipment held for sale is classified within Level 2 of the fair value hierarchy. Property and equipment held for sale is included in Prepaids and other with periodic changes in fair value (less costs to sell) included in Other, net.

Items Disclosed at Fair Value

Using prevailing interest rates on similar investments, credit spreads, and foreign currency forward rates, the estimated fair value of the Notes was $341.3 million at September 30, 2013. The fair value estimate of the Notes was prepared with the assistance of an independent third party and does not reflect the Notes actual trading value or the carrying value of the Notes in the Company's consolidated financial statements.

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Income Per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Income Per Share

14. Income Per Share

The following table sets forth the computation of basic and diluted income per share (in thousands, except per share amounts):

	Three months ended September 30,				Nine months ended September 30,
	2013		2012		2013		2012
Net income available to common stockholders:	$	4,971	$	13,402	$	18,019	$	31,612
Weighted average common shares:
Basic	104,416		90,020		97,297		89,893
Effect of shares granted under the:
Restricted Share Unit Plan	1,045		501		988		529
2007 Stock Option Plan	83		578		319		578
Deferred Phantom Unit Plan	248		187		248		63
Deferred Share Unit Plan	130		24		97		8
Diluted	105,922		91,310		98,949		91,071
Income per share:
Basic	$	0.05	$	0.15	$	0.19	$	0.35
Diluted	$	0.05	$	0.15	$	0.18	$	0.35

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Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Nov. 04, 2013
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3
Trading Symbol	ANV
Entity Registrant Name	Allied Nevada Gold Corp.
Entity Central Index Key	0001376610
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		103,943,672

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Stock-Based Compensation

9 Months Ended

Sep. 30, 2013

Postemployment Benefits [Abstract]

Stock-Based Compensation

15. Stock-Based Compensation

The following tables summarize the Company’s stock-based compensation cost and unrecognized stock-based compensation cost by plan (in thousands):

	Three months ended September 30,					Nine months ended September 30,
Stock-based compensation cost	2013		2012			2013		2012
Restricted Share Unit	$	1,005	$	1,364		$	4,568	$	4,291
Deferred Share Unit	212		262			737		525
Deferred Phantom Unit	—		(883		)	—		(1,249		)
	$	1,217	$	743		$	5,305	$	3,567

	September 30,
Unrecognized stock-based compensation cost	2013		2012
Restricted Share Unit	12,115		12,056
Deferred Share Unit	525		525
	$	12,640	$	12,581

The following table summarizes awards and activity of the Company’s stock-based compensation plans:

	Nine months ended September 30,
	2013						2012
	Restricted Share Unit		2007  Stock Option		Deferred Phantom  Unit	Deferred Share  Unit	Restricted Share Unit		2007  Stock Option		Deferred Phantom  Unit	Deferred Share  Unit
Outstanding on January 1,	849,482		640,000		248,136	34,008	568,787		775,776		281,869	—
Correction of reporting issuance by plan administrator	—		—		—	—	280,000		—		—	—
Granted	1,427,386		—		—	100,400	291,081		—		—	37,100
Vested/exercised	(119,560	)	(90,000	)	—	—	(229,322	)	(92,442	)	—	—
Canceled/forfeited	(404,037	)	(50,000	)	—	—	(31,666	)	—		—	—
Outstanding, end of period	1,753,271		500,000		248,136	134,408	878,880		683,334		281,869	37,100
Vested and unissued/exercisable, end of period	495,116		500,000		248,136	80,861	380,000		683,334		281,869	18,550

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Activity of Stock-Based Compensation Plans (Detail)	9 Months Ended								9 Months Ended
	Sep. 30, 2013 Restricted Share Unit	Sep. 30, 2012 Restricted Share Unit	Sep. 30, 2013 2007 Stock Option	Sep. 30, 2012 2007 Stock Option	Sep. 30, 2013 Deferred Phantom Unit	Dec. 31, 2012 Deferred Phantom Unit	Sep. 30, 2012 Deferred Phantom Unit	Dec. 31, 2011 Deferred Phantom Unit	Sep. 30, 2013 Deferred Share Unit	Sep. 30, 2012 Deferred Share Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, beginning of period	849,482	568,787			248,136	248,136	281,869	281,869	34,008
Outstanding, beginning of period			640,000	775,776
Correction of reporting issuance by plan administrator		280,000
Granted	1,427,386	291,081							100,400	37,100
Granted			0	0
Vested/exercised	(119,560)	(229,322)
Vested/exercised			(90,000)	(92,442)
Canceled/forfeited	(404,037)	(31,666)
Canceled/forfeited			(50,000)
Outstanding, end of period	1,753,271	878,880			248,136	248,136	281,869	281,869	134,408	37,100
Outstanding, end of period			500,000	683,334
Vested and unissued/exercisable, end of period	495,116	380,000			248,136		281,869		80,861	18,550
Vested and unissued/exercisable, end of period			500,000	683,334

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Unrecognized Stock-Based Compensation Cost by Plan (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation cost	$ 12,640	$ 12,581
Restricted Share Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation cost	12,115	12,056
Deferred Share Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation cost	$ 525	$ 525