- Advance the Relief Canyon Mine to commercial production.
- Continue expanding the Relief Canyon deposit through development drilling.
- Explore ~25,000 acre land position to discover and develop additional gold deposits.
- Create value through strategic transactions
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The fact that the company is permitted to production is most noteworthy a very strong selling point. We’re expecting some pretty low costs. We’re estimating somewhere between 800 – 900 an ounce on an all in sustained basis. Because of all those reasons we’re pretty bullish on Pershing. It’s only going to cost about 25 million in Capex which is very low when you consider it next to other mining projects. Pershing Gold Corporation is an emerging Nevada gold producer. Uniquely positioned to create shareholder value by reopening the Relief Canyon Mine. Pershing Gold’s strategy to create shareholder value has four elements: