Paramount Gold Nevada (PZG) Mining Forum Americas 2026 summary

Project portfolio and strategic focus

• Grassy Mountain in Oregon is the primary focus, with permitting for the state's first modern mine nearing completion after years of groundwork.

• The Sleeper Project in Nevada, a large low-grade past producer, is regaining attention with new studies and exploration plans.

• Combined resources total 5.7 million ounces, with 4.3 million in Nevada and the remainder in Oregon.

• Both projects have released updated technical studies in the past year, reflecting higher gold price assumptions.

Grassy Mountain Project progress

• Added to the U.S. Federal FAST-41 list in May 2025, accelerating permitting timelines.

• Updated feasibility study uses a $3,600 gold price base case, showing robust after-tax NPV and returns.

• Current mine plan targets 400,000 high-grade ounces over a nine-year life, with future expansion potential.

• Draft state permits issued in December 2025; final permits expected within the next three months.

• Social license is strong in Malheur County, with community engagement focused on job creation and local needs.

Permitting and next steps for Grassy Mountain

• State permitting process is front-end loaded; most major work completed since 2017.

• Federal Record of Decision and Final EIS received in January, despite a government shutdown.

• BLM approved management plan and reclamation cost estimate; bond to be posted jointly with DOGAMI.

• Final steps include wildlife mitigation plan approval and additional engineering before construction.

• Financing package negotiations and engineering work will dictate the pace of next steps.