Bullboard - Stock Discussion Forum Pershing Gold Corporation PGLC

Metals & Mining Industrial Metals & Minerals

"Pershing Gold Corp is a gold and precious metals exploration company. It pursues exploration, development and mining opportunities primarily in Nevada. The company focuses on exploration at its Relief Canyon properties in Pershing County in northwestern Nevada. The Relief Canyon properties are located about 100 miles northeast of Reno, Nevada. The company seek properties with known... see more

Add To Watchlist

NDAQ:PGLC - Post Discussion

Pershing Gold Corporation > Operating Cost and CAPEX

View:

Post by tradingtime on Jun 05, 2017 10:03am

Operating Cost and CAPEX

$PGLC / T.PGLC Operating Cost and CAPEX
The favorable economics of Relief Canyon are reinforced throughout the PFS. The PFS indicates the viability of contract-mining and conveyor stacking to bring the project into production. Under the PFS, 525,790 oz Au are expected to be produced with average life of mine ("LOM") production of 93,900 oz Au/year over the 5.6 year LOM. The PFS highlights the low cost nature of this project with an average cash cost of $770 /oz Au and All in Sustaining Cost ("AISC") of $802 /oz Au. The modest capital expense ("CAPEX") nature of this project is reaffirmed with the PFS Initial CAPEX of $23.6 million . The full PFS will be posted within the next 45 days on the Company's website at www.pershinggold.com/relief-canyon/technical-reports.

https://finance.yahoo.com/news/pershing-gold-announces-positive-preliminary-120300261.html