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. explores and develops precious metal projects in the United States, with company updates centered on the Grassy Mountain Gold Project in Malheur County, Oregon, and the Sleeper Gold Project in northern Nevada. News commonly covers gold and silver project permitting, environmental review, technical studies, development evaluations, and local or federal regulatory milestones.
Paramount Gold Nevada updates also include annual meeting results, stockholder voting matters, project-level feasibility and assessment work, and corporate disclosures tied to its NYSE American-listed common stock. The company has described potential paths for its mineral properties that include asset sales, joint ventures with producers, or construction and operation for its own account.
Paramount Gold Nevada Corp. (PZG) has filed a National Instrument 43-101 Technical Report on the Feasibility Study for its Grassy Mountain Gold Project in Oregon. The report outlines robust economics with an annual production of 47,000 ounces of gold and 55,000 ounces of silver. It highlights low cash costs of $584 and AISC of $672 per ounce of gold produced. The after-tax IRR is 26.0% at a base gold price of $1,472, and a net present value (NPV) of $105 million at a 5% discount rate.
Paramount Gold Nevada Corp. (PZG) announced the results of its Feasibility Study for the Grassy Mountain Gold Project, revealing a pre-tax NPV5% of $123 million at an average gold price of $1,472, increasing to $238 million at $1,900. The study shows low initial capital requirements of $98 million and life-of-mine cash costs of $583 per ounce, with sustainable costs at $671 per ounce. The project is expected to produce 362,000 ounces of gold and 425,000 ounces of silver over an eight-year mine life, with an after-tax IRR of 26% at $1,472 gold.
Paramount Gold Nevada Corp. (NYSE American: PZG) has closed its non-brokered registered direct offering in the U.S. and a concurrent agency offering in Canada, totaling 4,807,700 shares at US$1.04 per share, raising US$5 million. The funds will strengthen Paramount's balance sheet and support critical milestones for the Grassy Mountain Gold Project, including permitting and a forthcoming feasibility study. CEO Rachel Goldman announced that drilling will commence at the Frost project pending permit approval.
Paramount Gold Nevada Corp. (NYSE American: PZG) has announced a non-brokered registered direct offering and concurrent best efforts offering in Canada, pricing 4,807,700 shares of common stock at $1.04 each. The expected proceeds are approximately $5 million, intended primarily to advance the Grassy Mountain Gold Project permitting in Oregon and for general corporate purposes. Closing is anticipated around June 30, 2020, subject to customary conditions. The offerings are made under established U.S. and Canadian securities regulations.
Paramount Gold Nevada Corp. (NYSE American: PZG) has initiated a non-brokered registered direct offering to select US and eligible investors, aiming for minimum gross proceeds of $3 million. Concurrently, a Canadian best efforts offering is led by Canaccord Genuity and Cantor Fitzgerald. The closing is expected around June 30, 2020, pending customary conditions. Proceeds will primarily support permitting for the Grassy Mountain gold project in Oregon and general corporate purposes, enhancing future growth potential.