Pershing Resources Company Inc (PK:PSGR)
Business Focus: Precious Metals & Minerals
| Sector: Basic Materials | Industry: Precious Metals & Minerals |
| Company Contact | |
| Address: | 200 S Virginia St Fl 8 RENO NV 89501-2403 |
| Tel: | N/A |
| Website: | https://www.pershingpm.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Pershing Resources Company, Inc. is a mineral exploration company. The Company is focused on the discovery of copper, (Cu), gold, (Au), and silver, (Ag), mineral deposits in Arizona and Nevada. Its projects include Arizona Projects and Nevada Projects. The New Enterprise Project is the Company's lead project and is situated within the Laramide porphyry copper province. The New Enterprise project includes 375 unpatented mining claims totaling 7,747.5 acres of senior claim rights and includes four mine sites referred to as the: Enterprise, Jewell Tunnel, Century, and Standard Mines. The Arizona Projects is located within the Laramide Arc, which is host to a number of porphyry mines and between the Mineral Park Mine and the Bagdad Mine. The Nevada Projects include Klondyke and West Bolo. The West Bolo Project is located within the Hot Creek Range, within Nye County, approximately 10 miles north of the Tybo Mining District and 65 miles northeast of Tonopah, within central Nevada. |
| Financial Overview |
| For the fiscal year ended 31 December 2021, Pershing Resources Company Inc revenues was not reported. Net loss applicable to common stockholders increased 75% to $1.1M. Higher net loss reflects Professional Fees increase from $120K to $351K (expense), Impairment - Fixed Assets increase from $30K to $105K (expense), General and Administrative increase of 35% to $134K (expense). |
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