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Posted On: 06/15/2017 10:01:33 AM
Post# of 36147
$PGLC / $T.PGLC Pershing CEO Stephen Alfers discusses the economics of the Nevada project and his company's plans to advance it.
Company included in article: Pershing Gold Corp.
The Gold Report: Steve, thanks for joining us today. Pershing Gold Corp. (PGLC) (PGLC) has just released a prefeasibility study for Relief Canyon. Would you tell us some of the highlights?
Steve Alfers: We've announced a major milestone for Pershing: the completion of a prefeasibility study and upgraded resource and reserve prepared by Mine Development Associates, a well-established engineering firm in Reno, Nev., a specialist in projects like ours. The prefeasibility study has been a catalyst that we've been working toward for some months now and is as a major development for the company.
TGR: How soon do you think you would be able to start production?
SA: We've just had in front of our board of directors this study with the economics and details around that engineering. We're considering right now the program for the pre-production work plans that will lead up to and through the construction decision itself and then the start-up. I won't speak for my board of directors until they've had every opportunity to make the decisions on the timing. But what we're expecting is that we'll commence with that pre-production work soon, and then we would look to start up into 2018.
https://finance.yahoo.com/news/gold-report-ex...00525.html
Company included in article: Pershing Gold Corp.
The Gold Report: Steve, thanks for joining us today. Pershing Gold Corp. (PGLC) (PGLC) has just released a prefeasibility study for Relief Canyon. Would you tell us some of the highlights?
Steve Alfers: We've announced a major milestone for Pershing: the completion of a prefeasibility study and upgraded resource and reserve prepared by Mine Development Associates, a well-established engineering firm in Reno, Nev., a specialist in projects like ours. The prefeasibility study has been a catalyst that we've been working toward for some months now and is as a major development for the company.
TGR: How soon do you think you would be able to start production?
SA: We've just had in front of our board of directors this study with the economics and details around that engineering. We're considering right now the program for the pre-production work plans that will lead up to and through the construction decision itself and then the start-up. I won't speak for my board of directors until they've had every opportunity to make the decisions on the timing. But what we're expecting is that we'll commence with that pre-production work soon, and then we would look to start up into 2018.
https://finance.yahoo.com/news/gold-report-ex...00525.html
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