$PGLC July 17, 2017 (Investorideas.com Newswire)
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Posted On: 07/17/2017 10:58:38 AM
$PGLC July 17, 2017 (Investorideas.com Newswire) Investorideas.com, a global news source covering leading sectors including mining stocks issues a sector snapshot for gold stocks and ETF's for the close of Friday, July 14th. Gold stocks and ETF's got a boost on Friday as gold prices hit their highest finish for July and saw the first weekly rise since early June.
Gold moved following the release of weak U.S. inflation and retail sales data.
The VanEck Vectors Gold Miners ETF (GDX) closed Friday at 21.83 up 0.33 (1.53%). Juniors got a bump as well and the VanEck Vectors Junior Gold Miners ETF (GDXJ) closed at 32.38, up 0.49 (1.54%). The SPDR Gold Shares (GLD) also realized gains for the day closing at 116.79, up 0.97 (0.84%).
Pershing Gold Corporation (NASDAQ
GLC), (TSX: PGLC), (FWB: 7PG1) had trading ranging on Friday from $2.72 to a high of $2.81 on NASDAQ and closed at $3.53, up 0.03 (0.86 %) on the TSX. The company recently released a Preliminary Feasibility Study (PFS) on the company's Relief Canyon Mine. Highlights from the PFS include a pre-tax net present value ("NPV"
of $144.6 million, an internal rate of return ("IRR" of 89% and Net Cash Flow of $192.7 million. This NPV, IRR and Net Cash Flow assume pre-tax economics using $1,250 per ounce ("/oz" of gold ("Au" , $16.75/oz of silver ("Ag" and a 5% discount rate. Gold Stocks and ETF's to Watch as Gold Prices Rise T.PGLC http://www.investorideas.com/news/2017/mining...Stocks.asp
Gold moved following the release of weak U.S. inflation and retail sales data.
The VanEck Vectors Gold Miners ETF (GDX) closed Friday at 21.83 up 0.33 (1.53%). Juniors got a bump as well and the VanEck Vectors Junior Gold Miners ETF (GDXJ) closed at 32.38, up 0.49 (1.54%). The SPDR Gold Shares (GLD) also realized gains for the day closing at 116.79, up 0.97 (0.84%).
Pershing Gold Corporation (NASDAQ
GLC), (TSX: PGLC), (FWB: 7PG1) had trading ranging on Friday from $2.72 to a high of $2.81 on NASDAQ and closed at $3.53, up 0.03 (0.86 %) on the TSX. The company recently released a Preliminary Feasibility Study (PFS) on the company's Relief Canyon Mine. Highlights from the PFS include a pre-tax net present value ("NPV" of $144.6 million, an internal rate of return ("IRR" of 89% and Net Cash Flow of $192.7 million. This NPV, IRR and Net Cash Flow assume pre-tax economics using $1,250 per ounce ("/oz" of gold ("Au" , $16.75/oz of silver ("Ag" and a 5% discount rate. Gold Stocks and ETF's to Watch as Gold Prices Rise T.PGLC http://www.investorideas.com/news/2017/mining...Stocks.asp
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