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 mineralization that are in an advanced stage of exploration and have previously undergone drilling but are under-e

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Pershing Gold Corporation

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Post by tradingtimeon Jul 12, 2017 7:21am

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Feasibility Study Results

$PGLC / $T.PGLC Feasibility Study Results

The feasibility study indicates that the mine could have up to 634,000 ounces of gold and 1.6 million ounces of silver reserves. Strong Measured and Indicated (M+1) resources indicate potential reserve growth according to the executive. The study also suggests a mining plan to produce up to 90k oz/year over six years. Estimated cash cost per ounce should be $770 and all-in sustaining costs of $802 per oz.

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

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