$PGLC / T.PGLC Operating Cost and CAPEX
The favorable economics of Relief Canyon are reinforced throughout the PFS. The PFS indicates the viability of contract-mining and conveyor stacking to bring the project into production. Under the PFS, 525,790 oz Au are expected to be produced with average life of mine ("LOM"
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production of 93,900 oz Au/year over the 5.6 year LOM. The PFS highlights the low cost nature of this project with an average cash cost of $770 /oz Au and All in Sustaining Cost ("AISC"
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of $802 /oz Au. The modest capital expense ("CAPEX"
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nature of this project is reaffirmed with the PFS Initial CAPEX of $23.6 million . The full PFS will be posted within the next 45 days on the Company's website at www.pershinggold.com/relief-canyon/technical-reports.
https://finance.yahoo.com/news/pershing-gold-...00261.html
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