February 27, 2017 10:27 PM ET

Metals and Mining

Company Overview of Pershing Gold Corporation

Company Overview

Pershing Gold Corporation engages in the exploration, development, and mining of gold and precious metals primarily in Nevada. It focuses on the exploration of Relief Canyon properties covering an area of approximately 25,000 acres in Pershing County in northwestern Nevada. The Relief Canyon properties comprise approximately 948 owned unpatented mining claims, 120 owned millsite claims, 172 leased unpatented mining claims, and 2,235 acres of leased and 2,770 acres of subleased private lands. The company was formerly known as Sagebrush Gold Ltd. and changed its name to Pershing Gold Corporation in February 2012. Pershing Gold Corporation is based in Lakewood, Colorado.

1658 Cole Boulevard

Building 6

Suite 210

Lakewood, CO 80401

United States

19 Employees

Phone:

720-974-7254

Key Executives for Pershing Gold Corporation

Executive Chairman, Chief Executive Officer and President
Age: 70
Total Annual Compensation: $388.1K
Principal Financial Officer, Principal Accounting Officer, Vice President of Finance and Controller
Age: 50
Total Annual Compensation: $208.3K
Chief Operating Officer
Age: 64
Total Annual Compensation: $145.5K
Senior Vice President
Age: 63
Total Annual Compensation: $265.0K
Compensation as of Fiscal Year 2015.

Pershing Gold Corporation Key Developments

Pershing Gold Corporation Presents at Vancouver Resource Investment Conference 2017, Jan-22-2017 11:20 AM

Pershing Gold Corporation Presents at Vancouver Resource Investment Conference 2017, Jan-22-2017 11:20 AM. Venue: Vancouver Convention Centre West, 1055 Canada Place, Vancouver, BC V6C 0C3, Canada. Speakers: Jack Perkins, Vice President of Investor Relations.

Pershing Gold Corporation Concludes 2016 Phase 1 Drilling Program

Pershing Gold Corporation provided update on the progress towards production at its Relief Canyon Mine in Pershing County, Nevada. The PFS is a key step to allow the Company to define reserves at Relief Canyon under Canadian National Instrument 43-101 and is expected to provide a higher degree of confidence in the Relief Canyon project. Key components of the PFS include the following: Incorporation of a geotechnical pit slope evaluation completed by Golder Associates of Reno, NV.; Evaluation of an updated resource model incorporating new exploration drilling; Detailed capital and operating cost comparison of contract versus self-mining; Detailed capital and operating cost comparison of truck stacking versus conveyor stacking of crushed and agglomerated ore on the leach pad; Incorporation of additional metallurgical testing to establish ore agglomeration parameters; Trade-off study of line versus generated electrical power. Notable intercepts from RC16-490 include: RC16-490; including: 24.1 ft (7.3 m), 1.830 gpt, 0.053 oz/ton Au; including: 5.0 ft (1.5 m), 13.933 gpt, 0.407 oz/ton Au. Phase 1a Drilling Program: The company is now evaluating results from the 15,164 ft (4,622 m) of core drilling in the 2016 Drilling Programs to follow-up on the successes there. This Phase 1a Program and other follow up programs could include step-out drilling to continue following the mineralization from Relief Canyon down dip to the west and southwest as well as infill drilling to expand the current economic pit limit at Relief Canyon. Geologic modeling of the higher grades encountered in the area of RC16-462 is currently in progress with additional drilling under consideration for 2017. Phase 2 Drilling Program; Pershing Gold has initiated Phase 2 of its 2016 Drilling Program. Phase 2 is focused on extending mineralization south of the South Pit and the Lightbulb Pit, as well as on discovering satellite deposits that could be processed at the existing heap leach and ADR facilities at Relief Canyon. Phase 2 drilling at Pershing Gold Corporation's Relief Canyon Mine has identified potential mineable grade intervals of gold in drill hole RC16-498 with 10.1 ft (3.14 m) intervals averaging 1.13 gpt, 0.033 oz/ton Au, and 12.2 ft (3.7 m) at 0.343 gpt, 0.01 oz/ton Au. The Company is encouraged by the two intervals in hole RC16-498 because they occur along the contact of the South Humboldt Thrust where deformed siliciclastics of the Grass Valley Formation are in thrust contact with the underlying carbonates of the Cane Springs Formation.

Pershing Gold Hires Timothy D. Arnold as Vice President of Operations

Pershing Gold Corporation announced that Timothy D. Arnold has joined the company as Vice President of Operations. Arnold is currently the President of the Society for Mining, Metallurgy & Exploration (SME), with his term ending in February 2017. He has more than 35 years mining experience with ten years as a General Manager of safe mines. Arnold has worked at all levels of mining operations including; laborer, contract miner, Shift Boss through Mine Superintendent, as well as Junior Engineer through Chief. He has held multiple leadership roles in his career including Senior Mining Consultant at Barr Engineering Inc., Vice President Operations at Nevada Copper Corp, Executive VP and COO at Geovic Mining Corp., General Manager at the Mt. Hope and Liberty Mines for General Moly Inc. and Vice President and General Manager for the Kensington Gold Mine Project and the Rochester Project for Coeur d' Alene Mines Corporation.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
March 24, 2016
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