Paramount Gold Nevada Corp. Reports Robust Updated Feasibility Study for Grassy Mountain Project
Winnemucca, Nevada, May 28, 2026 – Paramount Gold Nevada Corp. (NYSE American: PZG) has announced the results of an updated feasibility study for its 100%-owned Grassy Mountain Gold Project, located in Malheur County, Oregon. The study, prepared in accordance with S-K 1300, marks a significant improvement over the company’s 2022 feasibility study and is highly price sensitive, likely to impact investor sentiment and Paramount’s share value.
Key Financial Highlights
- After-Tax NPV (5%): \$374.7 million at a gold price of \$3,600/oz (base case); surging to \$608.6 million at \$4,618/oz gold (upside case).
- After-Tax IRR: 38.9% (base case), climbing to 55.4% (upside case).
- Payback Period: 2.2 years (base), shortened to 1.4 years (upside).
- Mine Life: Increased from 7.8 years (2022 study) to 9.3 years.
- Total Recoverable Gold: Up 7% to 385,800 ounces.
- Annual Average Production: 41,400 oz gold; 51,500 oz silver.
- All-in Sustaining Costs (AISC): \$1,442/oz gold (base), \$1,425/oz (upside).
- Proven & Probable Gold Reserves: 405,000 ounces; Measured & Indicated Resources (inclusive): 1.36 million ounces.
Project Development and Permitting
- Underground Operation: Grassy Mountain is planned as an underground mine with a small surface footprint.
- Major Regulatory Milestone Achieved: Received a positive Record of Decision from the Federal Bureau of Land Management and the final Environmental Impact Statement in January 2026.
- State Permitting: In final stages, with approval expected in the second half of 2026—positioning the project for a near-term construction decision.
Production and Cost Metrics
| Metric | 2022 FS (\$1,750/oz Au) | 2026 FS Base (\$3,600/oz Au) | 2026 FS Upside (\$4,618/oz Au) |
|---|---|---|---|
| After-tax NPV (5%) | \$114.1M | \$374.7M | \$608.6M |
| After-tax IRR | 22.5% | 38.9% | 55.4% |
| Payback period | 3.3 yrs | 2.2 yrs | 1.4 yrs |
| Annual Gold Production | 46.6 koz | 41.4 koz | 41.4 koz |
| Mine Life | 7.8 yrs | 9.3 yrs | 9.3 yrs |
| Initial Capital | \$136.2M | \$189.8M | \$189.8M |
| Sustaining Capital | \$36.1M | \$65.1M | \$65.1M |
| AISC | \$815/oz | \$1,442/oz | \$1,425/oz |
Mineral Reserves and Resources
- Proven & Probable Reserves: 2,207,000 tons @ 0.184 oz/ton Au (405,000 oz gold) and 0.283 oz/ton Ag (625,000 oz silver).
- Measured & Indicated Resources: 55,587,000 tons @ 0.017 oz/ton Au (952,000 oz gold) and 0.069 oz/ton Ag (3,842,000 oz silver), exclusive of reserves.
- Inferred Resources: 3,779,000 tons @ 0.019 oz/ton Au (73,000 oz gold) and 0.056 oz/ton Ag (210,000 oz silver).
CEO Commentary
Rachel Goldman, CEO of Paramount, emphasized, “The updated study allowed us to refine expected development costs and integrate industry-wide inflationary pressures. The strong projected returns at both the base and upside price cases highlight Grassy Mountain’s significant leverage to today’s gold price environment and the resulting improvement in project economics. The study also reflects a larger mineral inventory compared to our 2022 study, further underpinning the Project’s long-term potential. We remain focused on completing the remaining permitting steps to position the Project for a construction decision.”
Price-Sensitive & Shareholder-Relevant Information
- Substantial improvement in project economics—NPV and IRR have increased dramatically compared to the 2022 study (NPV up 228%, IRR up 72%).
- Regulatory and permitting progress—the project has cleared key federal hurdles and is awaiting final state permits, which, if granted, will be a major de-risking event and could significantly move the share price.
- Gold price sensitivity—the project economics are highly leveraged to increases in gold price, offering significant upside for shareholders in a strong gold market.
- Expanded mineral inventory and longer mine life—suggesting improved sustainability and value for shareholders.
About Paramount Gold Nevada Corp.
Paramount Gold Nevada Corp. is a U.S.-focused exploration and development company with a 100% interest in approximately 50,000 acres across its Grassy Mountain and Sleeper projects. Grassy Mountain is in advanced-stage development, while Sleeper is a past-producing project with a large prospective land package in Nevada.
For More Information
- Rachel Goldman, CEO and Director: [email protected] | 844.488.2233
- Investor Relations: [email protected] | 844.488.2233
Disclaimer
This article contains forward-looking statements that involve risks and uncertainties, including but not limited to those relating to permitting, development timelines, future gold prices, capital and operating costs, and other factors outlined in Paramount Gold Nevada Corp.’s public filings. Actual results may differ materially from those projected. Investors are urged to review the company’s filings with the U.S. Securities and Exchange Commission for full risk disclosures. This article is for informational purposes only and does not constitute investment advice.
