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Positive Relief study for Pershing

Pershing Gold (NASDAQ: PGLC) is set to turn its attention to project finance after releasing a positive final feasibility study for the restart of the Relief Canyon gold mine in Nevada.

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Low-cost restart flagged for Relief Canyon

The study outlines initial capex of US$28.2 million for a 5.6 year mine, producing an average 91,000 ounces of gold a year at an all-in sustaining cost of $801/oz.