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:

BMO Capital Markets (11/11/16)
"Pershing Gold Corp. is a relatively lesser-known (and definitely under-owned) story in Canada. . .a simple open-pit, heap-leach development story in Nevada, but one that stands out vs. peers as it has a full, new, process facility and infrastructure already in place, and therefore has very low remaining capital requirements and excellent economics (NPV $189M, IRR 988% at $1250 gold). Plans for a TSX listing in the very near term should help entice new Canadian institutional interest."

Bhakti Pavani, Euro Pacific Capital (11/10/16)
"Pershing Gold Corp. has completed phase I of the 2016 drilling program. . .three of the eleven drill holes, including RC16-470, EC 16-475, and RC 16-478, have intersected high-grade intercepts. . .the company initiated phase II of the 2016 drilling program last week. . .the program will test highly prospective drill targets that have been identified through geophysics as well as rock and soil anomalies around the Relief Canyon mine. . .While some permits are currently being processed, we anticipate the production at the mine to begin as early as Q2/17."

Heiko Ihle, Rodman & Renshaw (11/10/16)
"Pershing Gold Corp. announced results from Phase 1 of its drilling program at Relief Canyon, in addition to the start of the Phase 2 program. . .given the apparent success of the program, we believe the project may remain open to the west. . .in addition to results from the Phase 2 program, going into the end of 2016 we expect strong news flow. . .most notably, we anticipate the release of a prefeasibility study (PFS) for Relief Canyon. . .we continue to think there is a good chance for Pershing to announce a positive production decision by the end of 2016."

Rob Chang, Cantor Fitzgerald (10/27/16)
"The BLM has approved the Environmental Assessment and Plan of Operations allowing Pershing Gold expand the Relief Canyon Mine. . .the BLM stated that Pershing's planned mitigation and environmental protection measures will protect the environment and the expanded mine will not create any significant environmental impacts. . .the Nevada Division of Environmental Protection is currently completing its analysis of several other permits, which Pershing anticipates will be issued within the next two months. . .we continue to forecast production from Relief Canyon to commence in Q2/17, with nearly 85,000 oz gold produced over the 5.8-year LOM."

Mark Heim, Noble Financial (9/23/16)
"Should mining economics look attractive, Pershing Gold Corp. has the infrastructure in place to start-up operations quickly. . .we estimate all-in cash operating costs of $750 per gold ounce equivalent and non-cash costs of $25 per gold ounce when fully operational. . .we believe the company would generate positive cash flow and earnings should it decide to begin production. . .a ramp up to production could come quickly and that further expansions are possible. . .we are initiating coverage of the shares of Pershing Gold with a Buy rating and a price target of $5.50 per share."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (9/22/16)
"I had a good meeting with Pershing Gold Corp. management. . .They are continuing to drill around the pit, looking to expand resources and increase the grade. . .The recent drill holes were excellent and at significant higher grades. . .I also like the fact that this company has been a "sleeper" this year, missed the big rally in gold. I hope it will catch up with other miners with new drilling results and the production decision. . .I have been buying shares lately."

More Expert Comments

Experts Following This Company

Rob Chang, Senior Analyst and Head of Metals & Mining – Cantor Fitzgerald
Patrick Chang, Analyst – Argonaut Securities
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?
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
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