Gold Miner Allied Nevada Files for Chapter 11 Bankruptcy
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Allied Nevada Gold Corp., the operator of the gaming state’s Hycroft mine, filed for bankruptcy after operational setbacks and lower gold prices eroded profitability at its sole working property.
The company listed debt of $664 million and $941 million of assets as of Dec. 31 in Chapter 11 court documents filed Tuesday in U.S. Bankruptcy Court in Wilmington, Delaware.