Project UpdateJun 23, 2026, 06:46 AM
Paramount Gold Sleeper Project: After-Tax NPV $402M, IRR 45%
AI Summary
Paramount Gold Nevada Corp. announced positive results from an Initial Assessment for its 100%-owned Sleeper Gold Project. The assessment, prepared in accordance with S-K 1300, projects an after-tax NPV (8%) of $402 million and an IRR of 45% in the base case, with a short payback period of 1.4 years. Under an upside case with higher commodity prices, the NPV increases to $867 million with an IRR of 66%. The project is expected to produce 65,000 ounces of gold annually over a 17-year mine life, and mineral resources have significantly increased.
Key Highlights
- Sleeper Gold Project shows after-tax NPV (8%) of $402M and IRR of 45% (Base Case $3,600/oz gold).
- Upside Case ($4,700/oz gold) projects after-tax NPV (8%) of $867M and IRR of 66%.
- Payback period is approximately 1.4 years (Base Case) and 1.2 years (Upside Case).
- Projected average annual gold production of 65,000 ounces over a 17-year mine life.
- Total payable gold production estimated at 1.1 million ounces.
- Initial capital requirements are estimated at $201M.
- Measured and Indicated Mineral Resources increased by 5% to 1.99 million ounces of gold.
- Inferred Mineral Resources increased by 90% to 2.30 million ounces of gold.
- Recommended $8.7M advancement program to improve resource confidence and advance permitting.
Price Impact
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