Welcome to our dedicated page for Paramount Gold news (Ticker: PZG), a resource for investors and traders seeking the latest updates and insights on Paramount Gold stock.
Paramount Gold Nevada Corp. (PZG) is a U.S.-based precious metals exploration and development company with a portfolio of gold and silver projects, and its news flow centers on project milestones, permitting progress and corporate decisions. The company holds 100% interests in the Grassy Mountain Gold Project in Oregon and the Sleeper and Bald Peak projects in Nevada, and its updates often detail how these assets are advancing through technical studies and regulatory processes.
A significant portion of Paramount’s recent news has focused on the Grassy Mountain Gold Project. Releases describe state-level milestones under Oregon’s consolidated mining permitting framework, including approval of mining, processing and closure scenarios and the publication of a draft consolidated permit package. At the federal level, news items highlight the project’s inclusion in the FAST-41 program, the U.S. Bureau of Land Management’s Draft Environmental Impact Statement, and anticipated steps in the NEPA review process.
Investors following PZG news can also expect announcements related to local permitting decisions in Malheur County, such as extensions of the Conditional Use Permit and Sage Grouse Permit, as well as corporate updates on feasibility study work and evaluations of opportunities at the Sleeper Gold Project. Governance and capital markets developments, including Annual General Meeting results, amendments to stock incentive plans and controlled equity offering activity, are reported through both press releases and Form 8-K filings.
This news page aggregates these company-specific updates in one place, allowing readers to review Paramount Gold Nevada’s project developments, regulatory milestones and corporate actions as disclosed in its public communications.
Paramount Gold Nevada (NYSE: PZG) has received unanimous approval from Oregon state agencies for its mining, processing, and closure technologies at the Grassy Mountain Gold Project. The Technical Review Team (TRT) endorsed all components of the proposed operation, confirming the project's compliance with best available, practicable and necessary technologies (BAPNT) standards.
The approval follows the completion of the Environmental Evaluation (EE) by Stantec under DOGAMI's direction, which was approved on October 3, 2024. Key approved components include underground mining with back filling, a milling circuit with enclosed cyanide and carbon-in-leach recovery system, cyanide destruction, and a tailings storage facility with reclamation plans.
The state agencies have also voted to implement enhanced water and mine monitoring plans, along with detailed closure plan elements for environmental and wildlife protection. The company expects to receive draft permits in Q2 2025.
Paramount Gold Nevada (NYSE American: PZG) held its 2024 Annual General Meeting on December 12, 2024, with 56.70% of shareholders (37,451,869 shares) participating out of 66,058,111 eligible shares. Eight directors were elected to the Board for one-year terms, including Rudi Fronk, Glen Van Treek, Rachel Goldman, Christopher Reynolds, John Carden, Eliseo Gonzalez-Urien, Pierre Pelletier, and Samantha Espley. The voting results showed strong support for all nominees, with approval rates ranging from 88.18% to 98.49%. Additionally, shareholders ratified Moss Adams LLP as the company's independent registered public accounting firm for fiscal year 2025, with 99.17% voting in favor.
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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