Paramount Gold Nevada Corp. - PZG STOCK NEWS

Paramount Gold Nevada Corp. (PZG) announced its Annual General Meeting for stockholders on December 13, 2022, at 11:00 AM EST, which will be held virtually. The company filed its annual financial statements for the fiscal year ending June 30, 2022, with the SEC, which included a going concern qualification by its independent auditors. Investors can access proxy materials online. Paramount holds a 100% interest in four gold projects, including the Grassy Mountain Gold Project, which has shown positive feasibility study results and achieved key permitting milestones.

Paramount Gold Nevada Corp. (PZG) has submitted an updated Plan of Operations to the Federal Bureau of Land Management for the Grassy Mountain Gold Mine in Oregon. This Plan addresses BLM feedback from earlier submissions and outlines the operational and environmental considerations necessary for the project. The BLM is expected to review this Plan within 30 days, followed by the Environmental Impact Statement process, which will last approximately 12 months. CEO Rachel Goldman emphasizes the project's potential for profitability and community value amidst high-cost inflation.

Paramount Gold Nevada Corp. (NYSE American: PZG) has published its S-K 1300 Technical Report Summary on the Feasibility Study for its Grassy Mountain gold project in Oregon. The report reveals proven and probable reserves of 380,000 ounces of gold and 554,000 ounces of silver. The project shows strong economics with an after-tax NPV5% of $114 million and an IRR of 22.45%. The initial mine life is projected at 8 years, with average annual production of 47,000 ounces of gold. The project is advancing through the permitting process, further validating its economic viability amidst inflationary pressures.

Paramount Gold Nevada Corp. (NYSE American: PZG) appointed Samantha Espley, P.Eng., to its Board of Directors as an independent director. With over 30 years of experience in mining engineering, Ms. Espley has held senior roles, including corporate director at Vale and a senior executive advisor at Stantec. Her expertise is particularly relevant as the company seeks permitting approval for the Grassy Mountain gold mine. Paramount aims to enhance shareholder value through exploration and development of its mineral projects, including Grassy Mountain, Frost, Sleeper, and Bald Peak.

Paramount Gold Nevada Corp. (NYSE American: PZG) announced the approval of two Baseline Data Reports (BDRs) crucial to the permitting process of its Grassy Mountain underground gold mine. This approval marks a significant step as state agencies will now review the Consolidated Permit Application (CPA). Completion of this review is essential for initiating the Environmental Assessment, which will include all pre-approved BDRs. The recent public meetings revealed strong community support, with no objections raised, further facilitating the permitting process.

Paramount Gold Nevada Corp. announced a significant advancement in the permitting process for its Grassy Mountain gold mine as the Oregon State Technical Review Team's water resource committee accepted the ground water Baseline Data Report. This report was deemed accurate and complete, leading to a recommendation for approval by the full TRT. CEO Rachel Goldman emphasized its importance for a positive review of the Consolidated Permit Application. To date, 22 Baseline Data Reports have been accepted, with hopes for the remaining Geochemistry report to follow soon.

Paramount Gold Nevada Corp. (PZG) announced positive assay results from its Sleeper Gold Project, with drill samples showing gold grades up to 1.17 g/t and as high as 4.0 g/t in the West Wood zone. This exploration aims to expand the historical resource, as the company seeks to restart production driven by rising gold prices. The project could see improved resource grade and economics, with a new Preliminary Economic Assessment expected in Q3 2022.

Paramount Gold Nevada Corp. (NYSE American: PZG) announced promising results from its first drill program at the Frost project. Drilling yielded significant gold grades, with a standout assay of 14.4 g/t Au. The drill program covered 9,010 feet across 13 holes, confirming the presence of a robust gold system. Initial results suggest the potential for substantial economic material, supporting future drilling phases. The company aims to expand its understanding of gold distribution to enhance the Grassy Mountain project’s mine life.

Paramount Gold Nevada Corp. (PZG) announced positive results from metallurgical tests for its Sleeper Gold Project. The tests aimed to recover gold from sulphide mineralization not included in the current mine plan. Initial results showed high gold recoveries of up to 83.4%. The company plans to further refine the testing and update its Preliminary Economic Assessment to reflect current gold prices. This initiative is part of a broader strategy that includes multiple ongoing projects to enhance shareholder value.