Allied Nevada Gold Corp., a mining company headquartered in Reno, said last week it purchased a used fleet of equipment for its Hycroft Mine project near Winnemucca.
The publicly held company said it paid $13.9 million for the equipment. The fleet includes five 200-ton haul trucks, two 28-yard loaders and other equipment.
Mike Doyle, vice president of development for Allied, said the company was happy it could purchase the equipment at a reasonable price because the worldwide mining boom has brought a highly competitive market for equipment.
With the purchase, Allied now plans to operate its own equipment rather than hire a contractor, Doyle said, that should cut its operating costs.
The company expects that the equipment will be shipped to the mine and ready to operate by middle of this year.
Allied Nevada has said it expects to begin producing gold from the mine by the fourth quarter of this year.
The Hycroft Mine 54 miles west of Winnemucca has been closed since 1998. Allied Nevada has estimated the cost of reopening the mine at $26 million, but that figure hadn't include the purchase of a fleet of equipment.
