Pershing Gold ends 2012 on high note

By Peter Epstein
Seeking Alpha

Since my initial article on Pershing Gold, significant de-risking has taken place, yet the share price is largely unchanged. Recent events make it clear that Executive Chairman & CEO Stephen Alfers continues to execute the company’s aggressive strategy.

On November 26th, Alfers announced two enhancements to his team. Alex Morrison joined the Board. Mr. Morrison is a mining expert, chartered accountant and CPA with over 26 years of experience. He currently serves on the Boards of Detour Gold and Taseko Mines. Mr. Morrison served as VP & CFO of Franco-Nevada, from 2007 to 2010.

In addition, the company designated Eric Alexander, Principal Financial Officer and Principal Accounting Officer. These moves mark a significant milestone. By beefing up Pershing’s team, Alfers demonstrated his confidence in near-term production.

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