Follow up to Pershing Gold Corporation’s ( $PGLC) PreliminaryFeasibility Study (PFS) on Relief Canyon Mine; The Bottom Line
Point Roberts, WA, July 12, 2017 - Investorideas.com, a global news source covering leading sectors including mining stocks issues a follow up to the recentPershing Gold Corporation (NASDAQ:PGLC), (TSX:PGLC), (FWB:7PG1) Preliminary Feasibility Study (PFS) on the company’s Relief Canyon Mine.
Read this news in full at
Table 1: Relief Canyon PFS vs. PEA Highlights
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PFS
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PEA
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Life of mine (“LOM”)
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5.6 years
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5.8 years
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Average LOM production
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93,900 oz. Au/year
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88,500 oz. Au/year
|
Cash Cost
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$770/oz. Au
|
$772/oz. Au
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AISC
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$802/oz. Au
|
$804/oz. Au
|
Initial CAPEX
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$23.6 million
|
$12.2 million
|
Sustaining CAPEX
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$22.8 million
|
$16.6 million
|
Working Capital
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$11.0 million
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$14.9 million
|
Pre-tax NPV, 5%
|
$145 million
|
$159 million
|
Pre-tax IRR
|
89%
|
125%
|
Pre-tax Net Cash Flow
|
$192.7 million
|
$206 million
|
After-tax NPV, 5%
|
$126 million
|
$121 million
|
After-tax IRR
|
85%
|
109%
|
After-tax Net Cash Flow
|
$167.7 million
|
$157.6 million
|
Hear a recent Podcast Interview with Stephen Alfers, Executive Chairman, President and CEO of Pershing Gold talking about PFS and Relief Canyon Mine:
Pershing Gold is an emerging gold producer whose primary asset is the Relief Canyon Mine in Pershing County, Nevada. Relief Canyon includes three historic open-pit mines and a state-of-the-art, fully permitted and constructed heap-leach processing facility. Pershing Gold is currently permitted to resume mining at Relief Canyon under the existing Plan of Operations.
Pershing Gold's landholdings cover approximately 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 lands.
Pershing Gold is listed on the NASDAQ Global Market and the Toronto Stock Exchange under the symbol PGLC and on the Frankfurt Stock Exchange under the symbol 7PG1.
Pershing Gold Corporation (NASDAQ:PGLC) (TSX: PGLC) is a featured mining company on Investorideas.com: Visit company profile http://www.investorideas.com/CO/PGLC/
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