LAKEWOOD, Colo., July 1, 2016 /CNW/ -- Pershing Gold Corporation
(NASDAQ:PGLC) (FWB:7PG1) ("Pershing Gold" or the "Company"), an
emerging gold producer, today announces its inclusion as a
member of the Russell Microcap® Index as part of the
2016 Russell indexes reconstitution.
Membership in the Russell Microcap® Index, which
remains in place for one year, means automatic inclusion in the
appropriate growth and value style indexes. FTSE Russell determines
membership for its Russell indexes primarily by objective,
market-capitalization rankings and style attributes.
"We are pleased by the Company's inclusion on the Russell
Microcap Index," commented Stephen D.
Alfers, Pershing Gold CEO and Executive Chairman. "The
increased exposure and liquidity that this index provides adds
credibility as we build our shareholder base of high quality
institutions and retail investors."
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $6 trillion in assets are benchmarked against
Russell's U.S. indexes. Russell indexes are part of FTSE Russell, a
leading global index provider.
For more information on the Russell Microcap® Index
and the Russell indexes reconstitution, go to the "Russell
Reconstitution" section on the FTSE Russell website.
About Pershing Gold Corporation
Pershing Gold is an
emerging gold producer whose primary asset is the Relief
Canyon Mine in Pershing County,
Nevada. Relief Canyon includes three open-pit mines,
expanding adjacent open-pit-able gold deposits, and a
state-of-the-art, fully permitted and constructed heap-leach
processing facility. Pershing Gold is currently permitted to resume
mining at Relief Canyon under the existing Plan of Operations.
Pershing Gold's landholdings cover approximately 25,000 acres
that include the Relief Canyon Mine asset and lands surrounding the
mine in all directions. This land package provides Pershing Gold
with the opportunity to expand the Relief Canyon Mine deposit and
to explore and make new discoveries on nearby lands.
Pershing Gold is listed on the NASDAQ Global Market under the
symbol PGLC and the Frankfurt Stock Exchange under the symbol
7PG1.
About FTSE Russell
FTSE Russell is a global index
leader and data provider that provides innovative benchmarking,
analytics and data solutions for investors worldwide. FTSE
Russell calculates thousands of indexes that measure and benchmark
markets and asset classes in more than 70 countries, covering 98%
of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately
$10 trillion is currently benchmarked
to FTSE Russell indexes. For over 30 years, leading asset owners,
asset managers, ETF providers and investment banks have chosen FTSE
Russell indexes to benchmark their investment performance and
create ETFs, structured products and index-based derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance, and embraces the IOSCO principles.
FTSE Russell is also focused on index innovation and client
collaboration as it seeks to enhance the breadth, depth and reach
of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group. For
more information, visit www.ftserussell.com.
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SOURCE Pershing Gold Corp.