Follow up to Pershing Gold Corporation’s (
$PGLC) Preliminary
Feasibility 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 recent Pershing 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 http://www.investorideas.com/CO/PGLC/news/2017/07121PreliminaryFeasibilityStudy.asp
Table 1: Relief Canyon PFS vs. PEA
Highlights
|
||
|
PFS
|
PEA
|
Life of mine (“LOM”)
|
5.6 years
|
5.8 years
|
Average LOM production
|
93,900 oz. Au/year
|
88,500 oz. Au/year
|
Cash Cost
|
$770/oz. Au
|
$772/oz. Au
|
AISC
|
$802/oz. Au
|
$804/oz. Au
|
Initial CAPEX
|
$23.6 million
|
$12.2 million
|
Sustaining CAPEX
|
$22.8 million
|
$16.6 million
|
Working Capital
|
$11.0 million
|
$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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