Allied Nevada Reports Q3 2011 Net Income of $14.7 Million ($0.16/Share)

RENO, NEVADA–(Marketwire – Nov. 7, 2011) – Allied Nevada Gold Corp. (“Allied Nevada” or the “Company”) (TSX:ANV)(NYSE Amex:ANV) is pleased to report its financial and operating results for the three and nine months ended September 30, 2011. The results presented in this press release should be read in conjunction with the Company’s Form 10-Q (quarterly report) filed on SEDAR and EDGAR and posted on Allied Nevada’s website at www.alliednevada.com. The financial results are based on United States GAAP and are expressed in U.S. dollars.