Last $0.32 USD
Change Today +0.0025 / 0.80%
Volume 318.3K
PGLC On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

pershing gold corp (PGLC) Snapshot

Open
$0.32
Previous Close
$0.31
Day High
$0.32
Day Low
$0.31
52 Week High
03/12/14 - $0.43
52 Week Low
08/21/14 - $0.31
Market Cap
99.8M
Average Volume 10 Days
356.7K
EPS TTM
$-0.07
Shares Outstanding
316.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PERSHING GOLD CORP (PGLC)

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pershing gold corp (PGLC) Details

Pershing Gold Corporation is engaged in the exploration and development 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 940 owned unpatented mining claims, 120 owned millsite claims, 170 leased unpatented mining claims, and leased and subleased private lands. The company is based in Lakewood, Colorado.

16 Employees
Last Reported Date: 05/5/14

pershing gold corp (PGLC) Top Compensated Officers

Executive Chairman, Chief Executive Officer a...
Total Annual Compensation: $625.0K
Principal Financial Officer, Principal Accoun...
Total Annual Compensation: $235.0K
Corporate Vice President
Total Annual Compensation: $154.8K
Compensation as of Fiscal Year 2013.

pershing gold corp (PGLC) Key Developments

Pershing Gold Advances Towards Production at Relief Canyon

Pershing Gold Corporation announced its plans to drill a new target and its significant progress toward re-opening the Relief Canyon Mine, its plans to expand the Relief Canyon Mine in 2015, its ongoing development drilling to continue to expand the Relief Canyon resource, and its efforts to identify and develop new exploration targets in the company's 25,000 acre land package. Two drill rigs are currently operating at Relief Canyon with the specific goal of adding near- surface gold ounces to the current resource model. The current program will also test the extensions of high-grade zones encountered in the 2013 program as well as complete selected twin holes of historic drilling. To date, more than 6,000 feet of core drilling has been completed in 2014. One rig is a standard core rig CM-14, and can drill holes from vertical to -45 degrees. The second drill rig is specialized to drill shallow-angle and near-horizontal holes into the pit high wall. The specialized rig is being utilized along the northeast high walls in the North and Lightbulb pits. Large pads and safety berms are constructed at each drill station. Five stations are planned with five to eight drill holes per station. These drill holes are expected to be shallow-angle holes measuring from 300 to 900 feet in length. To date, two holes of this type have been successfully completed with excellent core recovery and each of those holes drilled more than 800 feet into the high wall.

Pershing Gold Corporation Announces Plans to Drill a New Target and its Significant Progress Toward Re-Opening the Relief Canyon Mine

Pershing Gold Corporation announced its plans to drill a new target and its significant progress toward re-opening the Relief Canyon Mine, its plans to expand the Relief Canyon Mine in 2015, its ongoing development drilling to continue to expand the Relief Canyon resource, and its efforts to identify and develop new exploration targets in the Company's 25,000 acre land package.

Pershing Gold Corporation Announces High Gold Recoveries for Column Leach Tests on Relief Canyon Samples

Pershing Gold Corporation announced the preliminary results of column leach tests on gold-bearing samples from the Relief Canyon Mine property in Pershing County, Nevada. These results show higher gold recoveries than the previous mine operators achieved and also indicate that this mineralized material leaches quickly. A column comprised of a master composite of drill core samples that was designed to simulate the blend of the different mineralized materials to be leached in the future at Relief Canyon yielded 79.2% gold recovery in 71 days of leaching. The company achieved higher recoveries from columns built with limestone breccias and clay-matrix breccias, the two rock types that contain most of the gold mineralization in the Main Zone of the Relief Canyon deposit. A column of the limestone breccia yielded 85.7% gold recovery after 70 days of leaching. Two columns of the clay-matrix breccia produced excellent recoveries, with one column achieving a 91.3% gold recovery and the other reaching 78% recovery after a 70-day leaching period.

 

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