Paramount Gold Nevada Clears Major Regulatory Milestone for Flagship Project

Paramount Gold Nevada US69924M1099

Paramount Gold Nevada has achieved a pivotal advancement for its primary mining venture. Regulatory authorities in Oregon have issued the draft consolidated permit package for the company's Grassy Mountain Gold Project, initiating a critical phase of public review. This marks a historic first step for a mining development of this kind within the state.

The development brings renewed attention to the venture's financial fundamentals, as outlined in a 2020 feasibility study. The project's economics are highly sensitive to the price of gold but demonstrate robust potential.
* At a gold price of $1,472 per ounce, the project's internal rate of return (IRR) is 26.0%, climbing to 40.9% at $1,900 per ounce.
* The net present value (NPV) is calculated at $105 million and $195 million at those respective price points.
* Forecasted all-in sustaining costs (AISC) are a low $672 per ounce.
* The planned underground mine is designed for an eight-year operational life with an estimated annual production of approximately 47,000 ounces of gold.

Final Approval Process Commences

The publication of the draft documents by the Oregon Department of Geology and Mineral Industries (DOGAMI) formally starts the final public permitting procedure. A public hearing is scheduled for January 29, 2026, in Vale, Oregon, followed by a comment period that will remain open until February 6, 2026. These stages represent the last significant regulatory hurdles before a final construction and operating decision can be made for the underground gold mine.

A Landmark Venture for Oregon

The significance of the Grassy Mountain Project extends beyond Paramount Gold Nevada itself. If approved, it would become Oregon's first modern gold and silver mine to utilize cyanide leaching. The proposed operation is slated for development on Bureau of Land Management (BLM) land and is expected to create around 270 jobs. A final decision from federal agencies, including the BLM, is anticipated in early 2026.