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:

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."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (9/8/16)
"Recently Pershing Gold Corp. got the permit to expand its pit and discover good high-grade oxide deposit by stepping out the existing zones. . .if the deposit is expanded, they will have longer mine life and better NAV. . .I visited the mine a year ago and was impressed by the facility. . .they are almost shovel ready, the starting up capital is only $12M if they choose contract mining or $22Mn for self mining. I expect them to reach a decision in the next month or so and do a financing to put the mine into production."

Heiko Ihle, Rodman & Renshaw (9/7/16)
"On September 6, 2016, Pershing Gold Corp. announced initial drilling results from Phase 1 of its 2016 program. . .we highlight that hole RC16-462 included an impressive intercept of 20.9 feet grading 0.217 opt including 5.5 feet grading 0.809 opt. In short, we highlight that grades exhibited in Hole RC16-462 are higher than Relief Canyon's average resource grade, and think the possibility for resource expansion and enhanced economics are probable through additional drilling success at the site. . .we continue to expect Relief Canyon to reach production in late 2017."

Rob Chang, Cantor Fitzgerald (9/6/16)
"Pershing Gold Corp. has announced initial phase 1 drilling results as part of its 2016 drilling program. . .phase 1 drilling consists of stepout drilling designed to test potential extensions of the high-grade zones at Relief Canyon. . .the highlight from today's release was drill hole RC16-462 which was a 200 foot step-out from previous drilling. . .the current PEA makes clear that the Relief Canyon deposit remains open to the west, south and southeast. This Phase 1 drilling should expand the PEA pit limit and expand and upgrade the in-pit resource; mineralization at Relief canyon remains open."

Joe Reagor, ROTH Capital Partners (8/16/16)
"Pershing Gold Corp released its financial results for Q2/16. . .Results were essentially as expected as PGLC continues to work towards a construction decision at Relief Canyon. . .additionally, the company received BLM approval for its mine expansion plan setting the company up to arrange financing and begin construction, in our view. . .thus, we are maintaining our Buy rating and $6.25 price target."

Heiko Ihle, Rodman & Renshaw (8/8/16)
"Pershing Gold Corp. announced approval of the Environmental Assessment(EA)for its Relief Canyon project. . .In our view, the project should produce approximately 88,000 ounces of gold per annum with capital costs of just over $20 million. . .We are reiterating our Buy rating and $9.75/share price target. . .Our valuation remains based on a DCF of anticipated operations at Relief Canyon utilizing an 8.0% discount rate. We continue to estimate first production in late 2017, with 2018 serving as Relief Canyon’s first full year of production."

More Expert Comments

Experts Following This Company

Rob Chang, Senior Analyst and Head of Metals & Mining – Cantor Fitzgerald
Howard Flinker
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