BANKRUPTCY FILING
US miner Allied Nevada Gold has filed for Chapter 11 bankruptcy protection after protracted weak precious metals prices and a heavy debt load had forced it to restructure its debt. On Tuesday, Reno, Nevada-based Allied Nevada, which currently operated the Hycroft gold/silver mine in the state, said under the proposed financial restructuring, it expected to pay in full all its creditors and vendors, which at the end of the third quarter ended September held $543-million in debt.
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