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Wednesday, June 07, 2017 1:01:52 PM
$PGLC / T.PGLC Preliminary Economic Assessment
In June of 2015, Mine Development Associates of Reno, Nevada complete a Preliminary Economic Assessment ("PEA") on the Relief Canyon Mine. The PEA uses approximate three-year average prices of $1,250 per ounce of gold and $17 per ounce of silver. The PEA evaluates the economics of two alternative mining scenarios: first, self mining by Pershing Gold with its own manpower and equipment, and second, mining through mine contractors who supply the manpower and equipment to deliver material to the Company's processing facilities.
In June of 2015, Mine Development Associates of Reno, Nevada complete a Preliminary Economic Assessment ("PEA") on the Relief Canyon Mine. The PEA uses approximate three-year average prices of $1,250 per ounce of gold and $17 per ounce of silver. The PEA evaluates the economics of two alternative mining scenarios: first, self mining by Pershing Gold with its own manpower and equipment, and second, mining through mine contractors who supply the manpower and equipment to deliver material to the Company's processing facilities.
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