Company Description
Paramount Gold Nevada Corp. (PZG) is a U.S.-based precious metals exploration and development company focused on advancing gold and silver projects. According to the company’s public disclosures, Paramount’s strategy is to create shareholder value by exploring and developing its mineral properties and then realizing that value in three ways: selling its assets to established producers, entering joint ventures with producers for construction and operation, or constructing and operating mines for its own account.
Paramount Gold Nevada Corp. trades on the NYSE American under the ticker symbol PZG and operates in the Basic Materials sector, within the gold-focused mining industry. The company describes itself as an exploration and development business rather than a producing miner, emphasizing project advancement, permitting and technical studies as key steps toward potential mine development or transactions with larger operators.
Core Projects and Asset Portfolio
Paramount reports that it holds a 100% interest in three principal projects: Grassy Mountain, Sleeper and Bald Peak.
- Grassy Mountain Gold Project (“Grassy”) consists of approximately 8,200 acres located on private and U.S. Bureau of Land Management (BLM) land in Malheur County, Oregon. The company states that Grassy contains a gold-silver deposit that is entirely located on private land. Paramount has released results of a positive feasibility study for this deposit and reports that key permitting milestones have been accomplished.
- Sleeper Gold Project is located in northern Nevada, which Paramount describes as one of the world’s premier mining jurisdictions. The Sleeper Gold Project includes the former producing Sleeper mine and totals 2,474 unpatented mining claims, covering approximately 44,917 acres.
- Bald Peak Project is a drill-ready project in Nevada consisting of approximately 2,260 acres, according to the company’s news releases.
In earlier descriptions, Paramount was characterized as an exploration-stage mining company engaged in acquiring, exploring and developing precious metal projects in the United States, with a focus on gold and silver. The company has indicated that it seeks to enhance project value through exploration and engineering programs that can expand and upgrade known mineralized material to reserves.
Grassy Mountain Gold Project and Permitting Framework
Paramount highlights the Grassy Mountain Gold Project as a core asset. The project is described as a high-grade gold project with a gold-silver deposit on private land within a larger land package that includes both private and BLM-managed lands. The company reports that a positive feasibility study has been completed for Grassy and that it has achieved multiple permitting milestones at the state and federal levels.
The Grassy Mountain project has advanced through Oregon’s consolidated mining permitting framework. Paramount notes that the Oregon Department of Geology and Mineral Industries (DOGAMI) completed and approved an Environmental Evaluation for Grassy, and that state agencies, through a Technical Review Team, voted unanimously to approve all components of the company’s mining, processing and closure scenarios for the proposed operation. The company states that its project design uses what it describes as the best available, practicable and necessary technologies to minimize environmental impact and support responsible extraction, processing and reclamation.
Paramount also reports that Grassy Mountain has been selected for inclusion in the U.S. federal government’s FAST-41 program. As described in the company’s releases, FAST-41 projects benefit from comprehensive permitting timetables and publicly available schedules on the Federal Permitting Dashboard. The U.S. Bureau of Land Management has prepared a Draft Environmental Impact Statement (DEIS) for Grassy, evaluating potential environmental impacts and mitigation measures. The DEIS initiated a public comment period and a public meeting process under the National Environmental Policy Act (NEPA).
At the county level, Paramount has disclosed that Malheur County granted two-year extensions for the project’s Conditional Use Permit and Sage Grouse Permit. The company indicates that local, state and federal permitting steps together form the regulatory framework for potential construction, operation, closure and monitoring of the proposed underground gold mining operation at Grassy Mountain.
Sleeper Gold Project in Nevada
The Sleeper Gold Project is another key asset described by Paramount. Located in northern Nevada, the project includes the former producing Sleeper mine and a large package of unpatented mining claims. The company notes that the project area totals 2,474 unpatented claims covering approximately 44,917 acres. Paramount has referred to Sleeper as a significant resource with heap-leachable potential and has indicated that it evaluates opportunities at Sleeper in light of gold prices and project visibility, with the goal of creating additional value for shareholders.
As with Grassy Mountain, Sleeper is positioned by the company as a precious metals exploration and development project rather than an active mine. The company’s disclosures focus on land position, historical production at the Sleeper mine and the potential to unlock value through further technical and strategic work.
Bald Peak Project
Paramount describes the Bald Peak Project in Nevada as a drill-ready exploration project. According to company releases, Bald Peak consists of approximately 2,260 acres. While fewer technical details are provided in the available materials compared to Grassy Mountain and Sleeper, Bald Peak is consistently referenced as part of Paramount’s portfolio of 100%-owned projects.
Corporate Strategy and Business Approach
Across its disclosures, Paramount Gold Nevada Corp. presents a consistent business strategy: to explore and develop precious metal properties and then realize value through one of three pathways. These pathways are: selling assets to established producers, entering joint ventures with producers for construction and operation, or constructing and operating mines for its own account. This approach reflects a focus on project advancement, permitting, technical de-risking and optionality in how each asset might ultimately be monetized.
The company emphasizes engagement with regulators, stakeholders and local communities, particularly around the Grassy Mountain project. It has highlighted collaboration with federal agencies such as the BLM, state agencies in Oregon and local authorities in Malheur County, as well as participation in structured review processes like the Technical Review Team and FAST-41 permitting framework.
Regulatory Filings and Governance
Paramount Gold Nevada Corp. files reports with the U.S. Securities and Exchange Commission (SEC), including annual reports on Form 10-K, current reports on Form 8-K and proxy materials on Schedule 14A. In its proxy statement and related filings, the company describes its corporate governance structure, board of directors, executive compensation and matters submitted to shareholder vote at its Annual General Meeting (AGM). Recent filings document shareholder votes on director elections, ratification of the independent registered public accounting firm, advisory votes on executive compensation, the frequency of future advisory votes and amendments to the company’s stock incentive and equity compensation plan.
The company has also disclosed the use of a controlled equity offering program under a sales agreement, allowing it to offer and sell shares of common stock pursuant to a shelf registration statement and related prospectus supplements.
Company Status
Based on recent SEC filings and news releases, Paramount Gold Nevada Corp. continues to be listed on the NYSE American under the symbol PZG, with common stock registered under Section 12(b) of the Securities Exchange Act of 1934. The company has reported the filing of annual audited financial statements on Form 10-K and the holding of its Annual General Meeting of stockholders, indicating ongoing public company operations and regulatory compliance.
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Short Interest History
Short interest in Paramount Gold (PZG) currently stands at 418.8 thousand shares, up 43.4% from the previous reporting period, representing 0.6% of the float. Over the past 12 months, short interest has increased by 228.1%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Paramount Gold (PZG) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The ratio has shown significant volatility over the period, ranging from 1.0 to 1.8 days.