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:

"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."

One company we just started accumulating is Pershing Gold Corp. This stock has broken out from a 10-month downtrend. Pershing just announced with Newmont Mining a major landmark deal consolidating the Relief Canyon property. The company has a great management team led by Steve Alfers, formerly of Franco-Nevada and NewWest Gold. He sold the Long Canyon property to Fronteer Gold, which was bought out by Newmont for over $2B at the height of the 2011 cycle. Pershing is a cash-rich company with strong shareholder support. Its property has three open pits and a fully constructed and permitted heap-leach processing facility. Pershing has recently announced some high-grade drill results, which is showing to the market that it is far from the low-grade producer it was back in the 1980s. . .Pershing's current plan is to incorporate Relief Canyon's drilling results into a new resource estimate around April of this year. Then it will commence a PEA. Once the PEA is completed, then Pershing will make a production decision. I believe Pershing could be in production by 2016." read more >

Jeb Handwerger, Gold Stock Trades (2/11/15)
"Pershing Gold Corp. is making a huge breakout on record volume as it releases another round of some of the highest-grade results being hit in Nevada. . .the company's Relief Canyon processing facility and mine is becoming one of the hottest gold development projects in Nevada. Now with these high grade drill results of 76.8 g/t and 87.9 g/t, investors are no longer assuming this is a low grade 1 g/t mine like it was in the 1980s."

Rob Chang, Cantor Fitzgerald (2/11/15)
"The hits keep on coming: Impressive high-grade gold intercepts continue at Pershing Gold Corp.'s Relief Canyon highlighted by 87.9 g/t Au over 3 ft. . .the continued flow of high-grade gold intercepts continues to further define a broad zone of high-grade gold mineralization in the North target area."

Peter Epstein, Seeking Alpha (2/6/15)
"Pershing Gold Corp. announced on Feb. 4 the best drill hole results in the company's history. . .the entire 2014 drill campaign, capped off with the high-grade drill holes reported on Feb. 4, will be incorporated into a new resource report. Subsequent to the resource report, Pershing Gold will deliver a preliminary economic assessment. The company is expected to be in production later this year."

More Expert Comments

Experts Commenting on This Company

Chris Berry, Founder – House Mountain Partners LLC.
Michael Berry, Writer Disruptive Discoveries Journal
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
Edward Karr, Chief Executive Officer – RAMPartners S.A.
Byron King, Editor – Agora Financial
Björn Paffrath, Director – Stabilitas-Fonds
Jeff Wright, Managing Director, Senior Research Analyst – H.C. Wainwright & Co.

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