EXPLORATION & DEVELOPMENT

Paramount Gold issues Grassy Mountain feasibility

FS posts attractive AISC

 Grassy Mountain in Nevada, USA

Grassy Mountain in Nevada, USA

The project has an all-in sustaining cost of US$671/oz following initial capital expenditure of $97.5 million.

The project yields an after-tax internal rate of return of 26% and a net present value of US$105 million at a 5% discount rate, with a $1,472/oz gold price and $16.96/oz silver price, which increase to 40.9% and $195 million at a $1,900/oz gold price.

"This study is everything we had hoped for, including important improvements over the preliminary feasibility study we completed a little over two years ago," said Paramount president and COO Glen Van Treek.

"Paramount can now satisfy the remaining permitting requirements identified by the state of Oregon and the Bureau of Land Management.

"We are very close to realizing our goal of building Grassy Mountain."

The study features a proven and probable reserve of 1.7 million tonnes grading 6.82 grams per tonne gold and 9.94g/t silver for 380,023oz gold and 553,943oz silver.

Shares in Paramount Gold Nevada are trading at $1.19, valuing the company at $39 million.

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.