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
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PGLC