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 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.
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.