Welcome to our dedicated page for Paramount Gold Nevada news (Ticker: PZG), a resource for investors and traders seeking the latest updates and insights on Paramount Gold Nevada stock.
Paramount Gold Nevada Corp. (PZG) is a U.S.-based precious metals exploration company focused on discovering and developing gold and silver projects. The company boasts a substantial inventory of gold ounces relative to its outstanding shares, offering its shareholders significant exposure to gold price fluctuations.
Paramount holds a 100% working interest in the Grassy Mountain Gold Project, spanning approximately 9,300 acres of private and Bureau of Land Management (BLM) land in Malheur County, Oregon. This project includes a gold-silver deposit entirely located on private land, for which a Preliminary Economic Assessment (PEA) has been prepared, achieving key permitting milestones.
Additionally, Paramount owns a 100% interest in the Sleeper Gold Project situated in northern Nevada. The Sleeper Gold Project, which includes the historical Sleeper Mine, comprises 2,322 unpatented mining claims covering around 60 square miles or 15,500 hectares.
The company’s strategy revolves around creating shareholder value by exploring and developing its mineral properties. Paramount enhances the value of its projects through targeted exploration and engineering programs aimed at expanding and upgrading known mineralized materials to reserves. The company seeks to realize the value of its projects either by selling them to producers, joint venturing with other companies, or developing and operating small mines independently.
Recent achievements include the Bureau of Land Management filing the Notice of Intent (NOI) in the Federal Registry for the Grassy Mountain Gold Project, initiating the preparation of an Environmental Impact Statement (EIS) as part of the National Environmental Policy Act (NEPA) process.
For more information, visit the Paramount Gold Nevada Corp. website and stay updated on the latest news and press releases.
Paramount Gold Nevada Corp. (NYSE American: PZG) has announced a significant milestone for its Grassy Mountain gold mine project in Oregon. The Environmental Evaluation (EE) for the project has been approved as completed during a state Technical Review Team meeting on October 3rd. This approval initiates the 225-day legislated timeline for the issuance of draft permits.
The EE, produced by Stantec under DOGAMI's direction, marks the final step towards obtaining draft permits from the State of Oregon. The company expects to receive these draft permits in May 2025, followed by a public hearing before final permits are issued. This timeline aligns with the Federal record of decision from the BLM scheduled for late 2025.
The Grassy Mountain feasibility study projects an average annual production of 47,000 ounces of gold and 55,000 ounces of silver. At a gold price of $2,100 per ounce, the post-tax project NPV increases from $114 million to $189 million.
Paramount Gold Nevada Corp. (NYSE American: PZG) has announced that its Annual General Meeting (AGM) will be held virtually on December 12, 2024, at 11:00 AM EST. The record date for stockholder voting eligibility is set for October 17, 2024. Proxy materials will be available from November 1st on the company's website and at www.edocumentview.com/PZG.
The company also disclosed that it filed its annual audited financial statements for the fiscal year ended June 30, 2024 on Form 10-K with the SEC on September 26, 2024. Notably, the audit report included a going concern qualification. This disclosure is required by NYSE American Company Guide but does not represent any changes to the company's filings for the fiscal year.
Paramount Gold Nevada Corp. (NYSE American: PZG) has announced a significant milestone in the permitting process for its Grassy Mountain gold mine project in Oregon. The Environmental Evaluation and Socioeconomic Analysis (EE) documents are now available for public review before the Project Coordinating Committee meeting on September 12, 2024. Final approval of the EE is expected in early October, allowing state agencies to begin drafting permits, which Paramount anticipates receiving in mid-2025.
The EE, completed by Stantec under DOGAMI's direction, confirms that the project is designed to surpass all viable alternatives and is expected to have positive economic impacts on local, state, and federal budgets. The analysis predicts minimal environmental impacts and minor, beneficial effects on environmental justice communities. Paramount expects to receive both Federal and State permits in late 2025, paving the way for construction to begin shortly after.
Paramount Gold Nevada announced a joint reclamation bond for its Grassy Mountain gold mine with the Oregon Department of Geology and Mineral Industries (DOGAMI) and the Bureau of Land Management (BLM). This Memorandum of Understanding (MOU) eliminates the need for separate reclamation bonds, reducing capital requirements and administrative burdens. The single financial security amount will be determined after Paramount submits the reclamation cost estimate. This coordinated state and federal effort will streamline the process, prevent delays, and ensure protection and monitoring of mining disturbances on both federal and private lands.
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