Paramount Gold Nevada Corp Dossier
Qualitative Analysis
Business overview
Paramount Gold Nevada Corp. (NYSE American: PZG) is an exploration and development-stage mining company focused on acquiring, exploring, and developing precious metal properties in the United States. The company's flagship asset is the 100%-owned, high-grade Grassy Mountain Gold Project located in Malheur County, Oregon, which is positioned to become Oregon's first modern gold mine. Additionally, Paramount owns the 100%-owned Sleeper Gold Project, a past-producing open-pit mine located in Humboldt County, Nevada. As a pre-revenue development-stage entity, Paramount does not currently generate any operating revenues and relies on capital markets, equity financings, and strategic partnerships to fund its ongoing permitting, engineering, and exploration activities.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Advancing the high-grade Grassy Mountain Gold Project in Malheur County, Oregon, through state and federal permitting processes to establish Oregon's first modern gold mine.
Expected impact: Establishes a clear path to production with updated gold reserves of 405,000 ounces and silver reserves of 625,000 ounces.
Evaluating the potential restart of the historic, past-producing Sleeper Gold Project in Humboldt County, Nevada, utilizing conventional open-pit mining and a 30,000 tonne per day heap-leach processing facility.
Expected impact: Outlines a 17-year mine life projecting an after-tax NPV (8%) of $402 million and a 44% IRR under base case assumptions ($3,600/oz gold).
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Strategic Partnerships
Provides non-dilutive capital to fund ongoing permitting and development activities at the company's core projects.
Terms: A $15 million financing closed in December 2023 through the issuance of a Secured Royalty Convertible Note, which is convertible into a 4.75% gross revenue royalty at Sprott's option.