Bullboard - Stock Discussion Forum Pershing Gold Corporation PGLC

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"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

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Pershing Gold Corporation > Capital expenditure

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Post by tradingtime on Jul 13, 2017 1:48pm

Capital expenditure

$PGLC / $T.PGLC Pershing Gold Corp (NASDAQ:PGLC) is projecting initial capital expenditure of about $23.6 million. A good chunk of the amount is to be used on conveyor systems, a crusher, grade and construction of pads, and waste dump facilities. The company plans to finance initial operations with cash in hand, as it continues to explore other financing alternatives.

https://stocknewsunion.com/pershing-gold-corp-nasdaqpglc-eyes-positive-cash-flow/5969/