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Featured Company News - Pershing Gold Announces Positive Preliminary Feasibility Study for Relief Canyon Project
Research Desk Line-up: Sandstorm Gold Post Earnings Coverage LONDON, UK / ACCESSWIRE ...
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[{"type":"text","content":"Featured Company News - Pershing Gold Announces Positive Preliminary Feasibility Study for Relief Canyon ProjectResearch Desk Line-up: Sandstorm Gold Post Earnings Coverage \nLONDON, UK / ACCESSWIRE / June 7, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Pershing Gold Corp. (NASDAQ: PGLC). The Company announced on June 05, 2017, that has completed an NI 43-101 compliant resource and Preliminary Feasibility Study (PFS) on its Relief Canyon Mine in Pershing County, Nevada. Pershing Gold's land holdings cover about 25,000 acres and include the Relief Canyon Mine asset and lands surrounding the mine in all directions. This land package delivers Pershing Gold the opportunity to expand the Relief Canyon Mine deposit and to explore and make new discoveries on the neighboring lands. For immediate access to our complimentary reports, including today's coverage, register for free now at:\nhttp://protraderdaily.com/register/ \nDiscover more of our free reports coverage from other companies within the Gold industry. Pro-TD has currently selected Sandstorm Gold Ltd (NYSE MKT: SAND) for due-diligence and potential coverage as the Company released on May 08, 2017, its financial results for Q1 2017 which ended on March 31, 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Sandstorm Gold when we publish it.\nAt Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on PGLC; also brushing on SAND. Go directly to your stock of interest and access today's free coverage at:\nhttp://protraderdaily.com/optin/?symbol=PGLC \nhttp://protraderdaily.com/optin/?symbol=SAND \nThe Announcement\n \nThe PFS was completed by Mine Development Associates (MDA) Kappes Cassidy & Associates, of Reno, N.V. and Jorgensen Engineering and Technical services, of Centennial, CO, with an effective date of May 26, 2017. The positive PFS by MDA recommends that Pershing Gold should advance the Relief Canyon project to a production decision. According to the PFS, the Relief Canyon Mine is expected to generate a pre-tax net present value of $144.6 million, an internal rate of return of 89%, and net cash flow of $192.7 million. \n \nThe PFS is viewed as a major milestone by the Com...