News / Finance
WhisperfromWallStreet.com "Late Morning Gainers AMEX" - Allied Nevada Gold Corp..ANV - Vantage Drilling Company,VTG - General Moly, Inc.,GMO
Allied Nevada - Vantage Drilling Company - General Moly, Inc.
Allied Nevada Gold Corp..ANV
Allied Nevada is engaged in the evaluation, acquisition, exploration and advancement of gold exploration and development projects in Nevada. Our Management team works to identify opportunities to improve the value of our gold projects through exploration drilling and advancing these exploration projects towards operating mines. In September of 2007, the Company reactivated the wholly-owned Hycroft Mine which was placed in care and maintenance in late 1998 due to low metal prices. The reactivation of the oxide mine heap leach operation involves the mining and processing of the oxide Brimstone deposit. Gold production is expected to commence in the fourth quarter of 2008; approximately 647,000 ounces of gold will be produced over 7 years.
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Vantage Drilling Company,VTG
Vantage Drilling Company, a development stage company, operates as an offshore drilling contractor. The company focuses on developing and operating a fleet of drilling rigs, as well as contracting drilling rigs, related equipment, and work crews to drill oil and gas wells. Vantage Drilling Company was founded in 2006 and is based in Houston, Texas.
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General Moly, Inc.,GMO
General Moly, Inc. engages in the exploration, development, and mining of molybdenum in the United States. The company principally holds an 80% interest in the Mt. Hope project located in Eureka County, Nevada; and a 100% interest in the Liberty Property situated in Nye County, Nevada. It also explores for copper, silver, and gold deposits in the western United States. The company was formerly known as Idaho General Mines, Inc. and changed its name to General Moly, Inc. in October 2007. General Moly was incorporated in 1925 and is based in Lakewood, Colorado.
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