Paramount Gold Stock Price, News & Analysis

Paramount Gold Nevada Corp. (NYSE American: PZG) has received approval for the Environmental Evaluation (EE) outline related to its proposed Grassy Mountain Gold Mine from all Oregon State agencies involved in the permitting process. This approval is crucial for the preparation of necessary permits, signaling regulatory commitment to advancing the project. The EE was conducted by Stantec, and the company expects the state to issue permits within 225 days once the Consolidated Permit Application is complete. Paramount holds a 100% interest in four gold projects, with the Grassy Mountain project featuring a positive feasibility study.

Paramount Gold Nevada Corp. (NYSE American: PZG) has signed a non-binding term sheet with Sprott Resource and Streaming Royalty Corp. for a Royalty Convertible Note (RCN) that could yield between $10 million and $15 million. The funds will be utilized for permitting the Grassy Mountain Gold Mine, corporate purposes, and repaying existing convertible notes due in September. The RCN carries a 10% annual interest, payable in cash or shares, converting into a royalty on gold and silver production. CEO Rachel Goldman expressed optimism about progressing to permitting and construction amid challenging market conditions.

Paramount Gold Nevada Corp. (NYSE American: PZG) announced that the Oregon Department of Geology and Mineral Industries has accepted its Cultural Resources Baseline Data Report as complete. This acceptance is a vital milestone for the Grassy Mountain Project, paving the way for the permit drafting phase. CEO Rachel Goldman emphasized the importance of this achievement, stating it prepares the project for the next regulatory steps. Concurrently, the Federal Plan of Operations has also been approved, initiating the NEPA process. Paramount holds a 100% interest in several gold projects, including Grassy Mountain, which has a positive Feasibility Study and key permitting accomplished.

Paramount Gold Nevada Corp. (PZG) held its annual meeting on December 13, 2022, with 48.85% of shares voting. Seven directors were elected for a one-year term, including Rudi Fronk and Glen Van Treek. Notably, the stockholders ratified Moss Adams LLP as independent auditors for 2023, receiving over 99% approval. Paramount holds a 100% interest in four gold projects, including the Grassy Mountain project, which has completed a positive feasibility study. The company aims to enhance shareholder value through exploration and asset development.

Paramount Gold Nevada Corp. (NYSE American: PZG) has received a drilling permit from the US Forest Service for its Bald Peak Project in Mineral County, Nevada. The project features a 4-mile-long area with rich gold mineralization, evidenced by surface samples averaging 2.62 g/T gold, with maximum values reaching 10.58 g/T. The upcoming drill program aims to confirm these results at depth, targeting regions with the highest gold occurrences. Paramount's geophysical surveys indicate promising anomalies, enhancing the potential for discovering a new open-pit gold deposit.

Paramount Gold Nevada Corp. (PZG) announced that the Federal Bureau of Land Management has accepted its Plan of Operations for the Grassy Mountain gold mine in Oregon, marking a significant permitting milestone. With this acceptance, the Environmental Impact Statement process will commence, analyzing the mine's potential environmental impacts. The company is advancing through all requisite permitting levels, having secured county-level permits and progressing through state-level permitting. This move brings Paramount closer to a construction decision for the high-grade underground mine.

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.