QualityStocks'  Instablog

Send Message
QualityStocks (www.qualitystocks.net) assists publicly traded companies by getting their story out to the investment community while helping investors discover emerging companies with plenty of growth potential. Our name, QualityStocks, emphasizes our commitment to connect subscribers with... More
My company:
My blog:
QualityStocks Micro-Cap and Small-Cap Blog
  • Pershing Gold Corp. (PGLC) New Board Appointment Supports Bringing Financial/Accounting Muscle In-House 0 comments
    Nov 27, 2012 2:36 AM

    Pershing Gold, which has established itself via the Relief Canyon Gold Project in Pershing County, Nevada, today reported the appointment of 26-year mining industry veteran, Alex Morrison, to the company's Board of Directors.

    Mr. Morrison, an extremely capable executive, in addition to being a chartered accountant and CPA, is joining the Board at a most auspicious time for the company and will be of tremendous utility as Pershing moves forward with their planned in-sourcing of the company's finance and accounting capabilities. Having held senior executive positions at several established producers, Morrison will bring considerable hitting strength to the PGLC team and is hot off the VP and CFO slots over at gold and PGM-focused Franco-Nevada Corp. (07-10). Morrison is also currently serving on the boards of both Detour Gold Corp. and Taseko Mines Ltd.

    In addition to this appointment and in connection with the company's initiative to bring its financial/accounting muscle in-house, PGLC has also moved 20-year finance/accounting veteran and CPA Eric Alexander to the Principal Financial Officer and Principal Accounting Officer role from VP of Finance and Controller. Mr. Alexander used to be Controller over at both Sunshine Silver Mines Corp. and Latin America-focused, Golden Minerals Company, gaining the kind of rich experience needed to help PGLC transform their methodology properly.

    CEO of PGLC, Stephen Alfers, bid a warm adieu to former CFO, Adam Wasserman, as well as to David Rector, who had served diligently as a member of the Board, in addition to his duties as Treasurer and VP of Administration/Finance. Both men helped to build the company and their resignations were accepted by the Board with respect. Alfers thanked them for their contributions and was pleased to note that both men would continue to serve PGLC in consulting roles, with Rector staying on as an employee of the company through year's end, in order to help with transitioning and other remaining projects.

    Alfers called the move to bring the finance/accounting apparatus in-house an echo of the huge growth and advancement made in the company's projects this year, citing the appointments as part of a larger strategy to maximize development uptime on the Relief Canyon mine project as Pershing advances towards production and delineated exploration goals. Relief Canyon was recently fast-tracked by PGLC and this junior gold developer is chomping at the bit to expand resources on the surrounding 24.78k-acre property, for which the company recently acquired mineral rights.

    Three exploration programs to date have uncovered additional mineralization immediately adjacent to the Relief Canyon mine. With serious anomalies detected on adjoining claims, PGLC is clearly squaring things away in preparation for some serious mining.

    For more information on Pershing Gold, visit PershingGold.com

    Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net

Back To QualityStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.