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:

As Pershing Gold closes a deal to consolidate its Blackjack project, it continues to move the Relief Canyon mine closer to production.
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Heiko Ihle, Rodman & Renshaw (4/5/17)
"On April 4, 2017, Pershing Gold Corporation announced a land agreement with Newmont Mining. The agreement outlined a mining sublease for a parcel of land close to the Blackjack project. . .we feel the consolidated land package could serve as a crucial component with respect to Pershing's exploration efforts outside of Relief Canyon."

Rob Chang, Cantor Fitzgerald (4/4/17)
"Pershing Gold Corporation has announced that it has entered into a mining sublease that further consolidates the Antelope Springs mining district located in the Pershing Pass area south of the Relief Canyon mine. . .the land consolidation is key to the company's district-wide exploration efforts which may extend the current life of the project through the discovery of satellite deposits. We reiterate our Buy recommendation."

Bhakti Pavani, Euro Pacific Canada (3/16/17)
"Pershing Gold Corp. is only a few steps away from restarting production at the Relief Canyon mine, in our opinion. . .the critical decision at this point is the production decision and to use either contract mining or self-mining, in our opinion. The decision is important as it will determine the capital expenditure required by the company in order to restart production at the Relief Canyon mine."

Rob Chang, Cantor Fitzgerald (2/28/17)
"Pershing Gold Corp. has announced that it has successfully completed the environmental permitting process and has secured all the necessary permits to restart and expand the Relief Canyon mine. . .the company will be able to begin mining and heap-leach processing. . .we continue to forecast an initial production amount of nearly 24 Koz Au for FY17, ramping to approximately 100 Koz in subsequent years."

Heiko Ihle, Rodman & Renshaw (2/13/17)
"On Feb. 7, 2017, we visited Pershing Gold Corp.'s Relief Canyon project. . .[it] has seen substantial progress since our last visit. . .the project remains in prime position to enter production toward the later end of this year or in 2018. . .the amount of infrastructure already present at Relief Canyon provides the project with a distinct advantage over other similar gold projects."

Byron King, Gold Speculator (2/7/17)
"Pershing Gold Corp.'s shares traded up last week, based on sector sentiment, and market perceptions that the company is close to making a decision about restarting mine operations at Relief Canyon. . .management is balancing the issues of self-mining (meaning Pershing hires the workforce, etc.), versus contract mining (meaning the company hires a third party to come onsite with people and equipment). . .one way or another, Pershing is planning to get back to mining."

Pershing Gold's advancements in the Relief Canyon project in Nevada over the last month have caught the attention of several analysts.
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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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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