PGLC:NASDAQ; PGLC:TSX

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.
PGLC:NASDAQ PGLC:TSX

Expert Comments:

Byron King, Gold Speculator (1/10/17)
"Pershing Gold Corp. announced that it has completed its 2016 drilling at its Relief Canyon property, northeast of Reno. . .this past year, drilling confirmed high-grade mineralization to the west of known resources. . .Pershing has commenced Phase 2 of the drilling program, moving south of Relief Canyon. . . Pershing’s geological team is currently evaluating results of this drilling, while updating the feasibility studies for moving to production. . .management’s job here is to progress toward production, gold output, sales and cash flow. . .maintain buy on PGLC up to $4.50 per share."

Bhakti Pavani, Euro Pacific Capital (1/10/17)
"Pershing Gold Corporation is an emerging exploration and mining company focused on advancing its only asset “Relief Canyon Property” to production. . .the property is located on the Pershing gold-silver trend amid several producing and past-producing mines. . .over the years, the Company has successfully grown its land package and resource base by over 500%. . .we calculate the NAV of the Relief Canyon Project at $232.4 MM or $6.57/share. . . the updated share count in the model does not assume the exercise of the over-allotment option of 0.3MM shares. . .reiterate BUY and but lowering PT from $6.90 to $6.60."

Heiko Ihle, Rodman & Renshaw (1/10/17)
"Pershing Gold Corp. continues to aggressively advance the Relief Canyon Project, which we feel should enter production during Q4/17. We continue to expect the firm to release a prefeasibility study on the project during Q1/17. . . the odds of a positive production decision are likely at this stage, and we feel the release of a positive PFS should serve as a near-term derisking event for the firm. . .Relief Canyon is primed for production and [we] expect the project to be one of, if not the next project to enter production in Nevada."

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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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."

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?
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