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:

Heiko Ihle, Rodman & Renshaw (2/13/17)
"On Feb. 7, 2017, we visited Pershing Gold Corp.'s Relief Canyon project. . .[it] has seen substantial progress since our last visit. . .the project remains in prime position to enter production toward the later end of this year or in 2018. . .the amount of infrastructure already present at Relief Canyon provides the project with a distinct advantage over other similar gold projects."

Byron King, Gold Speculator (2/7/17)
"Pershing Gold Corp.'s shares traded up last week, based on sector sentiment, and market perceptions that the company is close to making a decision about restarting mine operations at Relief Canyon. . .management is balancing the issues of self-mining (meaning Pershing hires the workforce, etc.), versus contract mining (meaning the company hires a third party to come onsite with people and equipment). . .one way or another, Pershing is planning to get back to mining."

Pershing Gold has been going full speed ahead to advance the Relief Canyon mine in Nevada, leading some analysts to speculate that production could begin by the end of the year.
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Cantor Fitzgerald (1/23/17)
"We favor high-quality geopolitically stable gold/silver developers and smaller tier operators capable of demonstrating output growth in the "sweet spot" of the production curve. Our preferred equities include Pershing Gold Corp., which we rate a Buy."

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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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