Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

October 10, 2015 10:59 AM 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 metal properties primarily in Nevada. It focuses on the exploration of Relief Canyon properties covering an area of approximately 25,000 acres located in Pershing County in northwestern Nevada. The Relief Canyon properties include 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

22 Employees



Key Executives for Pershing Gold Corporation

Executive Chairman, Chief Executive Officer and President
Age: 69
Total Annual Compensation: $700.0K
Principal Financial Officer, Principal Accounting Officer, Vice President of Finance and Controller
Age: 49
Total Annual Compensation: $235.0K
Chief Operating Officer
Age: 63
Total Annual Compensation: $114.3K
Senior Vice President
Age: 62
Total Annual Compensation: $325.0K
Compensation as of Fiscal Year 2014.

Pershing Gold Corporation Key Developments

Pershing Gold Corporation(NasdaqGM:PGLC) added to NASDAQ Composite Index

Pershing Gold Corporation has been added to Nasdaq Composite Index.

Pershing Gold Corporation Announces Additional Results for its 2015 Drilling Program at the Relief Canyon Project in Pershing County, Nevada

Pershing Gold Corporation announced additional results for its 2015 drilling program at the Relief Canyon project in Pershing County, Nevada. The 2015 drilling program is seeking to expand the high-grade area of mineralization identified in the North Target Area during the 2014-early 2015 drilling program, which resulted in the dramatic upgrade in the quality of the resource estimate completed in June 2015. Along with growing the North Target Area, the 2015 drilling program is focused on expanding the size of the resource estimate through drilling targets in the Jasperoid Target Area and the Southwest Target Area, which are not included in the company's current resource estimate. The company's analysis indicates that portions of the deposit in these areas will be included in the expanded resource estimate planned for the conclusion of the 2015 drilling program. North Target Area: drilling results include drill hole RC15-306A with an intercept of 92 feet (28 meters) of 5.030 grams per tonne (gpt), 0.147 ounces per ton (oz/ton) gold (Au) including 47 feet (14.3 meters) of 9.016 gpt, 0.263 oz/ton in the North Target Area of the Relief Canyon deposit. This intercept includes 21 feet (6.4 meters) of higher-grade gold with 12.745 gpt, 0.372 oz/ton Au. The mineralization also includes high-grade silver with an intercept of 65 feet (20 meters) of 123.513 gpt, 3.607 oz/ton silver. This is the highest-grade silver intercept to date at Relief Canyon. Company data suggests a slight increase in silver mineralization in the deeper areas of the Relief Canyon deposit, which may result in more silver by-product in the later years of the mine life. Other notable intercepts in the North Target Area include RC15-304A with 115 feet (35.05 meters) of 2.193 gpt, 0.064 oz/ton. Both RC15-304A and 306A are holes in which the initial drilling (RC15-304, and RC15-306) was terminated above the mineral zones in the northern part of the North Target; these holes were then re-drilled to encounter significant intercepts. Drill holes RC15-304A and RC15-306A both extend the higher-grade mineralization down dip through the Jasperoid Zone in the North Target Area and improve the grades in the modeled mineralization. These high-grade zones, or chutes, appear to be developed along a northwest trend within the tabular Jasperoid Zone. Multiple, sub-parallel, high-grade chutes appear to be present in both the Lower and Jasperoid Zones of the North Target Area. Additional drilling will focus on adding and improving the grade of these mineral zones. Jasperoid Target Area: other significant holes include RC15-318 with 29 feet (10 meters) of 1.333 gpt or 0.039 oz/ton Au from 59 to 88 feet in the Jasperoid Target Area. This intercept and others previously announced are the up-dip equivalent of the high-grade intercepts in RC15-304A and RC15-306A. Drilling from the Jasperoid Area is not included in the currently published resource on Relief Canyon. Management believes that drilling in this area indicates significant potential to improve project economics due to high-grades, a favorable strip ratio, and the location of this zone above the water table. Southwest Target Area: the Southwest Target Area was discovered by the company while following the known resource down plunge, encountering a favorable structural offset that improved the grade and thickness of mineralization while also bringing it much closer to the surface. Along with the Jasperoid Target Area, drilling from the Southwest Target Area is not included in the currently published resource estimate on Relief Canyon.

Pershing Gold Corporation Announces Death of Alan Branham, Member of Board of Directors

Pershing Gold Corporation announced the death of Mr. Alan Branham, a member of Board of Directors. Mr. Branham passed away on September 4, 2015.

Similar Private Companies By Industry

Company Name Region
3D Stone, Inc. United States
Concours Mold Alabama, Inc. United States
Millennium Steel Service, LLC United States
Dura-Bond Coating, Inc. United States
Five Star Clamps Inc. United States

Recent Private Companies Transactions

Private Placement
April 10, 2015
Private Placement
October 15, 2014

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Pershing Gold Corporation, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at