Paramount Gold Nevada

Gold Exploration and Development in Oregon and Nevada

This Paramount Gold Nevada Corp. profile is part of a paid investor education campaign.*

Overview

Paramount Gold Nevada Corp. (NYSE:PZG) is a US-based precious metals exploration and development company with assets in eastern Oregon and Nevada. The company is focused on building shareholder value by acquiring mid-to advanced-stage deposits in the US. Paramount Gold is currently advancing its high-grade Grassy Mountain gold project in Malheur County, eastern Oregon towards production.

The Grassy Mountain project hosts a pre-feasibility study (PFS) that features an after-tax NPV (five percent) of approximately $88 million, an after-tax initial rate of return (IRR) of 28 percent and an annual production of approximately 47,000 ounces of gold grading 7.06 g/t gold and 50,000 ounces of silver grading 10 g/t silver for a 7.25-year mine life. The report outlines a small underground mining operation capable of producing up to 1,400 tonnes per day to feed a 750 ton per day mill and processing plant. The processing plant is expected to utilize a gravity concentration circuit and carbon in leach circuit for an average recovery rate of up to 94.2 percent for gold and 70.1 percent for silver over the course of the mine’s life.

Paramount Gold Nevada is currently in the permitting stage of development consisting of county, state and federal permits. In late May 2019, the company received approval from the County Planning Commission for its proposed underground operation and expects to have state and federal permits by the end of 2020. The Grassy Mountain project is expected to commence production at the beginning of 2022. The company is also looking to expand the life of the Grassy Mountain project by continuing its exploration efforts both on the property and at the newly acquired Frost project, which is within trucking distance 12 miles away.

Paramount Gold also owns the past-producing Sleeper gold project in Nevada. The property produced approximately 1.7 million ounces of gold and 2.3 million ounces of silver between 1986 and 1996 with an average head grade of over 7 g/t gold over life of mine. The property hosts a 2017 preliminary economic assessment (PEA) which outlines a large-scale, open-pit operation with a conventional 30,000 tonne per day heap leach of the oxide portion of the resource. The report also contains an after-tax NPV (five percent) of US $125 million, an after-tax IRR of 20 percent and a payback period of 3.5 years.

Paramount Gold Nevada’s Company Highlights:

  • US-focused with 100 percent ownership of two advanced-stage assets.
    • Developing a high-grade underground mine in eastern Oregon
      • Well defined, time-based state permitting process
    • Pipeline asset in Nevada with over 4 million ounces of gold inventory
  • Management team and board with a proven track record in creating shareholder value
    • Experts in capital markets
    • Demonstrated operational excellence
    • History of developing advanced-stage precious metals projects
    • Aligned with all shareholders and stakeholders
  • Tight capital structure with a modest 26.5 million shares outstanding; significantly less than peer group
  • No debt
  • Strategic long-term, gold-focused shareholders collectively owning approximately 30 percent of the outstanding shares.
  • Management holds 4.5 percent of the outstanding shares.
  • Significant exploration potential at both Grassy Mountain and Sleeper

*Disclaimer: This profile is sponsored by Paramount Gold Nevada Corp. (NYSE:PZG). This profile provides information which was sourced by the Investing News Network (INN) and approved by Paramount Gold Nevada Corp., in order to help investors learn more about the company. Paramount Gold Nevada Corp. is a client of INN. The company’s campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Paramount Gold Nevada Corp. and seek advice from a qualified investment advisor.