PGLC:NASDAQ

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.

Expert Comments:

Brien Lundin, Gold Newsletter (Jefferson Financial) (8/27/15)
"Our new recommendation for this month is Pershing Gold Corp., an aggressive, NASDAQ-listed junior with a development-stage project in western Nevada. The company has done an admirable job over the past three years of consolidating a historically productive area of the state and growing the known size of its flagship Relief Canyon resource considerably. . .according to a June 2015 resource estimate on the project's open-pit-hosted deposit, it has more than 800 Koz gold: 739 Koz Measured and Indicated and 70 Koz Inferred. . .a sizable gold deposit in a safe mining jurisdiction with a quick path to development and production."

Heiko Ihle, Rodman & Renshaw (8/11/15)
"On Aug. 10, 2015, Pershing Gold Corp. announced additional drilling results from its wholly-owned Relief Canyon gold project. . .we believe the positive drilling results released by the firm indicate the possibility of a future increase in overall resources at Relief Canyon, which we think should positively impact the economics of the upcoming PEA."

Rob Chang, Cantor Fitzgerald (7/29/15)
"Pershing Gold Corp. announced a resource increase at Relief Canyon. The update represents a 34% increase to the Measured and Indicated category, which now stands at 739 Koz of which 449 Koz is in the Indicated category while 290 Koz is in the Measured category. . .the four-year resource evolution began as a global resource of 155 Koz in 2012 to reach the current 809 Koz today. Note that the deposit remains open in all directions."

Heiko Ihle, Rodman & Renshaw (7/27/15)
"Pershing Gold Corp. is currently advancing the Relief Canyon mine in Pershing County, Nevada, toward production. . .we expect the recently announced updated resource estimate to be utilized as the basis for the formation of an updated preliminary economic assessment (PEA), which we believe should be released toward the end of 2015. . .the company could advance the project to the production stage following the release of the PEA within a reasonably short timeframe. We view Relief Canyon as a turnkey operation. . .with strong expansion potential and are assuming coverage of Pershing with a Buy recommendation and $8.80 per share price target."

Management Q&A: View From the Top
Steve Alfers
Catalysts can drive stock prices, and Pershing Gold has had quite a few lately, including a stock split, uplisting to NASDAQ and an updated resource estimate on the Relief Canyon Mine in Nevada. And CEO Steve Alfers says there is still more to come for the near-term producer.
read more >
Rob Chang, Cantor Fitzgerald (7/6/15)
"Pershing Gold Corp. has announced an NI-43-101-compliant resource update for the Relief Canyon project and begins trading on the NASDAQ today. . .the resource update represents a 34% increase to the Measured & Indicated category, which now stands at 739 Koz. . .we reiterate our Buy recommendation and are increasing our target price to $9.15 per share."

"Another gold company that I think should be on the radar of junior mining investors is Pershing Gold Corp. The company just announced a share consolidation and introduced two new board members. This is setting it up for a better listing. Pershing has some of the strongest shareholders in the U.S.—Dr. Phillip Frost and Barry Honig. It's run by transaction attorney CEO Stephen Alfers, who has been around the gold mining sector for years, most notably with Franco-Nevada. Pershing could get into near-term production at Relief Canyon, which has shown some incredibly high grades and has a permitted mill. Plus, it could make more accretive acquisitions. Pershing might be a vehicle for some of these top shareholders to pick up high-quality assets at bargain basement prices. . .the uplisting from the OTC is key to raising capital from institutions. That would make it an exciting story in H2/15." read more >

More Expert Comments

Experts Commenting on This Company

Rob Chang, Senior Analyst and Head of Metals & Mining – Cantor Fitzgerald
Thomas Drolet, President of Drolet – Drolet & Associates Energy Services, Inc., International Montoro Resources
Peter Epstein, CFA – MockingJay Inc.
Jeb Handwerger, Author Gold Stock Trades
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Louis James, Analyst – Casey Research
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Björn Paffrath, Director – Stabilitas-Fonds
Jeff Wright – Wolfpack Capital

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
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
catalyst Calendar
Q2
2015
Update Resource Estimate
Q2
2015
Publish Economic Study
Pershing Gold Corp. Content