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:

"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 >

Peter Epstein, (6/26/15)
"Not only is the number of Pershing Gold Corp.'s ounces increasing, but the weighted average grade is improving as well. . .Relief Canyon is poised to steal the limelight. . .the company retains considerable upside (with no debt) with minimal fundamental downside."

Jeb Handwerger, Gold Stock Trades (6/18/15)
"Pershing Gold Corp. just announced two new additions to the board and an 18:1 share consolidation so that it can get uplisted to a higher quality stock exchange. A better listing will improve the company's acceptance into the institutional community as a major near-term producer in Nevada; with a better listing, Pershing could improve financing options to fast track the recommencement of mining at Relief Canyon."

Jeb Handwerger, Gold Stock Trades (6/2/15)
"Despite this four-year historic bear market in gold and junior mining equities, Pershing Gold Corp. raised $11.5M. The company is backed by some deep-pocketed shareholders. Over 21 million shares of insider buying has occurred over the past six months. . .management is hitting impressive grades, and the next few weeks could be exciting as they possibly announce a better stock exchange listing, new 43-101 resource and a preliminary economic assessment."

"We have an eye on smaller companies in Nevada because we think the district is ready for a consolidation play. Pershing Gold Corp. has a strong investor base. Two extremely wealthy American investors own almost half of the company and keep supporting it. Pershing CEO Stephen Alfers is well known and a former Franco-Nevada executive. Money is not a problem and there is no debt on the balance sheet. So far the U.S.-listing on the OTC Bulletin Board locked out most of the European investors, but the company will be listed on NASDAQ shortly. The recent drill results are extremely encouraging and the mill is ready to be turned on. But management decided not to go into production right now, which we think is a good decision, and instead use its cash for more exploration drilling. A recent drill result hit 123 g/t gold over 1.4 feet at Relief Canyon in northwestern Nevada. And with those two big investors in the background, it's not unrealistic that Pershing itself would make a move on others. Time will tell.

The management believes the property could host a multimillion-ounce resource. The company is at 500–600 Koz now. I think Stephen Alfers and his team can grow that substantially. The new preliminary economic assessment, which is about to come out shortly, should show a big increase. The full feasibility study is expected by the end of the year and will prove the project economics. It's the right strategy to drill further on. With its big backers, the company doesn't have financing problems. Pershing just raised more than $11M to keep the drills turning. Also the liquidity in the company could increase substantially if it moves exchanges from OTC to NASDAQ." read more >

Devon Shire, Seeking Alpha (3/3/15)
"Recent operational news from Pershing Gold Corp. helps to explain why insider buying has been so aggressive. This company has a lot of positive attributes including no debt, a proven CEO, operations within the United States and a quintupling of resource estimates. . .based on the news flow coming Pershing, it appears that the insider bullishness is well placed. The company seems to be successfully advancing its business plan forward. . .since taking control of the property, Pershing's exploration drilling has resulted in a five-fold increase in resource estimates."

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
Louis James, Analyst – Casey Research
Byron King, Editor – Agora 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
Update Resource Estimate
Publish Economic Study
Pershing Gold Corp. Content