Project UpdateMay 28, 2026, 06:32 AM
Paramount Gold Grassy Mountain Study: NPV $375M, IRR 39%
AI Summary
Paramount Gold Nevada announced an updated Feasibility Study for its Grassy Mountain Gold Project, showing significantly improved economics. At a base case gold price of $3,600/oz, the project has an after-tax NPV of $374.7 million and an IRR of 38.9%. Total recoverable gold ounces increased by 7% to 385,800, extending the mine life to 9.3 years. The project also achieved a significant permitting milestone with a positive Record of Decision from the Federal Bureau of Land Management.
Key Highlights
- After-tax NPV (5%) of $374.7 million at $3,600/oz gold.
- After-tax IRR of 38.9% at $3,600/oz gold.
- Total recoverable gold ounces increased 7% to 385,800 ounces.
- Mine life extended from 7.8 years to 9.3 years.
- Proven and Probable gold mineral reserves of 405,000 ounces.
- Initial capital expenditures estimated at $189.8 million.
- All-in sustaining costs (AISC) of $1,442 per ounce of gold.
- Received positive Record of Decision from Federal BLM in Jan 2026.
Price Impact
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