PGLC:NASDAQ; PGLC:TSX

Pershing Gold Corp.

Pershing Gold Corp. is an emerging Nevada gold producer uniquely positioned to create shareholder value by fast-tracking the reopening of the Relief Canyon mine, which includes three open-pit mines and a state-of-the-art, fully permitted and constructed heap-leach processing facility. The company's landholdings cover over 25,000 acres that include the Relief Canyon mine asset and lands surrounding the mine in all directions. This land package provides Pershing Gold with the opportunity to expand the Relief Canyon mine deposit and to explore and make new discoveries on nearby land.
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Expert Comments:

Joe Reagor, ROTH Capital Partners (6/12/17)
"The preliminary feasibility study (PFS) on Pershing Gold Corp.'s Relief Canyon confirmed a number of our prior expectations and most significantly confirmed the viability of the project, in our view. Additionally, we believe the PFS addressed prior metallurgical concerns and that the company's election to significantly reduce the amount of run of mine ore and to instead crush and agglomerate the majority of mined ore should reduce risks related to recovery rates."

Management Q&A: View From the Top
Steve Alfers
Pershing Gold just released its prefeasibility study on the Relief Canyon Mine, and in this interview with The Gold Report, Pershing CEO Stephen Alfers discusses the economics of the Nevada project and his company's plans to advance it.
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Rob Chang, Cantor Fitzgerald (6/8/17)
"Pershing Gold Corp. is planning a two-phase permitting and development scenario for the Relief Canyon project; phase 1 has been approved. . .phase 2 will include additional mine expansion activities and allow mining further below the water table. The company will use the mine plan in the preliminary feasibility study as the basis for the phase 2 permit application, and anticipates it will submit the phase 2 permit applications later in 2017."

Bhakti Pavani, Euro Pacific Canada (6/7/17)
"Pershing Gold Corp. announced the results of the preliminary feasibility study report for the Relief Canyon mine. Overall it's a positive development for the company as it further confirms the results of the PEA, significantly derisks the project and helps advance the Relief Canyon mine one step closer to production."

Heiko Ihle, Rodman & Renshaw (6/6/17)
"Highlighted within Pershing Gold Corp.'s preliminary feasibility study for its Relief Canyon mine was the company's first ever reserve estimate for the site, with approximately 80% of gold ounces within the Measured and Indicated resource category now classified as Proven and Probable (2P) reserves. Pershing now boasts total 2P gold reserves of approximately 30.5 Mt, grading approximately 0.02 oz/t Au, resulting in approximately 635 Koz gold; it also has reserves of 1.6 Moz silver at the site."

Joe Reagor, ROTH Capital Partners (6/5/17)
"Today, Pershing Gold Corp. announced the results of its preliminary feasibility study (PFS) on the Relief Canyon project. We believe the PFS confirmed our prior view that the project has robust economics, and we believe this moves the company one step closer to a construction decision."

Rob Chang, Cantor Fitzgerald (6/5/17)
"Pershing Gold Corporation's NI 43-101 compliant preliminary feasibility study on its Relief Canyon mine in Nevada is positive. It shows an increase in annual production over the PEA of 93,900 oz Au versus 88,500 oz prior, while leaving operating costs virtually the same."

Pershing Gold has been going full speed ahead to advance the Relief Canyon mine in Nevada, leading some analysts to speculate that production could begin by the end of the year.
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As Pershing Gold closes a deal to consolidate its Blackjack project, it continues to move the Relief Canyon mine closer to production.
read more >

More Expert Comments

Experts Following This Company

Patrick Chang, Analyst – Argonaut Securities
Rob Chang, Senior Analyst and Head of Metals & Mining – Cantor Fitzgerald
Howard Flinker
Mark Heim – Jennings Capital
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Byron King, Editor – Agora Financial
Chen Lin What Is Chen Buying? What Is Chen Selling?
Bhakti Pavani – Euro Pacific Canada
Joe Reagor, Analyst – ROTH Capital Partners

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
 
Advance the Relief Canyon Mine to commercial production
 
Continue expanding the Relief Canyon deposit through development drilling
 
Explore ~25,000 acre land position to discover and develop additional gold deposits
 
Create value through strategic transactions