New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 14, 2014
06:03 EDTPZGParamount Gold & Silver intersects high grade values at San Miguel project
Paramount Gold and Silver reported outstanding results from the first phase of an ongoing core drilling program on its 100%-owned San Miguel Project in northern Mexico. As previously announced, Paramount recently resumed drilling with two core rigs at its San Miguel Project. The drill program is designed to move the San Miguel Project towards an updated Preliminary Economic Assessment which could incorporate a heap leach scenario for mid-to-lower-grade material. Objectives for the current work program include: adding resources at two new high priority exploration targets; acquiring material for further metallurgical testing of heap leach processing; and upgrading inferred resources to measured and indicated.
News For PZG From The Last 14 Days
Check below for free stories on PZG the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 8, 2014
12:15 EDTPZGParamount Gold & Silver management to meet with Roth Capital
Subscribe for More Information
September 2, 2014
09:26 EDTPZGParamount Gold & Silver mobilizes four rigs to San Miguel project
Paramount Gold and Silver announced that it is mobilizing four core rigs to its 100%-owned San Miguel project in northern Mexico as part of a program to increase and upgrade resources and advance the gold-silver project to the pre-feasibility stage. Last month's new PEA estimated an Initial Capital requirement of $69M and low operating costs, resulting in exceptional economics including payback of Initial Capital in the third year of production. The PEA estimated average annual production of 55,000 ounces of gold and 2.8M ounces of silver for 17 years. Base Case Pre-Tax NPV was estimated at $472.6M with an IRR of 23.2% at a 5% Discount Rate and current metal prices. The PEA, released on August 25, was prepared by Metal Mining Consultants of Denver, Colorado incorporating a resource model developed by Mine Development Associates of Reno, Nevada. Note that the PEA incorporates inferred mineral resources which are considered to be too geologically speculative to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and, as such, do not have demonstrated economic viability. There can be no certainty that the estimates contained in the PEA will be realized.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use