LAKEWOOD, Colo., Jan. 20, 2015 /CNW/ -- Pershing Gold Corporation (OTCQB:PGLC) ("Pershing Gold" or the "Company"), an emerging Nevada gold producer on a fast-track to reopen the Relief Canyon Mine, announced that Stephen Alfers ("Alfers"), Pershing Gold's Executive Chairman, CEO and President, presented at the Noble Financial Capital Markets' Eleventh Annual Equity Conference ("Noble Conference") yesterday.
Alfers' Company update included highlights of Pershing Gold's recent transaction with Newmont USA Limited ("Newmont") (NYSE:NEM). Pershing Gold has consolidated its Relief Canyon lands by acquiring the exclusive mining and surface use rights to approximately 1,600 acres of new long-term mining leases and 74 unpatented lode mining claims comprising approximately 1,300 acres. The purchase price paid to Newmont was US $6 million. This transaction also includes the acquisition of a new 20-year mining lease from New Nevada Lands, LLC, and New Nevada Resources, LLC. For more information on this transaction, see the Company's January 19, 2015 news release.
Video replay of Alfers' presentation and a copy of the presentation materials will be available through the Noble Financial websites: www.noblefcm.com, or www.nobleresearch.com/D2/2015.htm. The Noble Conference continues through January 21st at Club Med in Sandpiper Bay, Florida.
About Pershing Gold Corporation
Pershing Gold is an emerging Nevada gold producer on a fast-track to re-open the Relief Canyon Mine, which 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.
About Noble Financial
Noble Financial Capital Markets was established in 1984. Noble Financial is an equity research driven, full-service, investment-banking boutique focused on life sciences, technology, energy and media, emerging growth, companies. The company has offices in New York, Boston, Los Angeles, and Boca Raton, FL. In addition to non-deal road shows and sector-specific conferences throughout the year, Noble Financial hosts its large format annual equity conference in January in South Florida featuring 120 - 150 presenting companies from across North America and total attendance of close to 600. For more information: www.noblefcm.com.
SOURCE Pershing Gold Corporation
For further information: Jack Perkins, Vice President, Investor Relations, 720.974.7254, [email protected], www.PershingGold.com, http://www.pershinggold.com