Pacific Gold Corp. Poised for Growth with Black Rock Canyon Mine

Pacific Gold Corp. is a US-based company focused on gold and base metals operations, with four subsidiaries, including Nevada Rae Gold, Inc., which owns and operates the Black Rock Canyon gold mine in north-central Nevada. Construction on the mine is nearing completion, with gold production expected to begin in the fourth quarter of 2005. If the recent increases in the price of gold hold, PCFG revenues for 2006 could reach $5.3 million, with EBITDA of up to $2.5 million. This would translate to an EBITDA per share of around $0.08 per share, and an EPS that could favor PCFG well in 2006 and 2007.

Key Takeaways:

Pacific Gold Corp. has four subsidiaries, including Nevada Rae Gold, Inc., which owns and operates the Black Rock Canyon gold mine.
The Black Rock Canyon gold mine is expected to begin gold production in the fourth quarter of 2005, with revenues potentially reaching $5.3 million and EBITDA of up to $2.5 million in 2006.
With a market capitalization of around $8.9 million and a current stock price of $0.33 per share, PCFG's stock is considered undervalued, with potential for significant growth.
The company has completed $3.5 million in financing and has purchased most of the mining equipment required for the Black Rock Canyon mine.
PCFG has three other gold projects, Fernley Gold and Oregon Gold, which could contribute to the company's growth in the future.

Statistics:

Pacific Gold Corp. has a market capitalization of around $8.9 million.
The Black Rock Canyon gold mine is expected to begin gold production in the fourth quarter of 2005.
PCFG revenues for 2006 could reach as high as $5.3 million.
The EBITDA margin for the Black Rock Canyon gold mine could be as high as 47% in 2006.
PCFG has a current stock price of $0.33 per share.

Sources:

Pacific Gold Corp. (OTCBB: PCFG) - www.pacificgoldcorp.com
M2 PressWIRE (M2 Communications Ltd) - http://www.presswire.net
M2 Communications Ltd (info@m2.com)