LAKEWOOD, Colo., April 5, 2016 /CNW/ -- Pershing Gold
Corporation (NASDAQ: PGLC) (FWB: 7PG1) ("Pershing Gold" or the
"Company"), an emerging Nevada
gold producer, announces that ROTH Capital Partners, LLC
("ROTH") has initiated analyst coverage on the Company.
Analyst Joe Reagor authored the report.
"We would like to thank ROTH for initiating coverage on Pershing
Gold," stated Stephen D. Alfers,
Pershing Gold President, CEO, and Executive Chairman. "As we
approach several key near-term milestones for the Company;
including a NI 43-101 resource update, a third-party PEA, and an
anticipated permit expansion, we are excited to see additional
high-quality analysts initiating coverage on the Company," Alfers
said.
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 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.
Legal Notice and Safe Harbor Statement
This press release contains "forward-looking statements" within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. All statements,
other than statements of historical fact, including those with
respect to the timing and completion of an updated resource
estimate, a third party PEA and the anticipated permit expansion,
are "forward-looking statements." Although the Company's management
believes that such forward-looking statements are reasonable, it
cannot guarantee that such expectations are, or will be, correct.
These forward-looking statements involve a number of risks and
uncertainties, which could cause the Company's future results to
differ materially from those anticipated. Potential risks and
uncertainties include, among others, interpretations or
reinterpretations of geologic information, unfavorable exploration
results, inability to obtain permits required for future
exploration, development or production, general economic conditions
and conditions affecting the industries in which the Company
operates; the uncertainty of regulatory requirements and approvals;
and fluctuating mineral and commodity prices. Additional
information regarding the factors that may cause actual results to
differ materially from these forward-looking statements is
available in the Company's filings with the Securities and Exchange
Commission, including the Annual Report on Form 10-K for the year
ended December 31, 2015. The
Company assumes no obligation to update any of the information
contained or referenced in this press release.
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SOURCE Pershing Gold Corporation