New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 30, 2014
08:17 EDTPZGParamount Gold & Silver finds higher grades than predicted at San Miguel
Paramount Gold and Silver reported additional outstanding results from ongoing core drilling on its 100%-owned San Miguel Project in northern Mexico. Paramount has been drilling at San Miguel since late last year with two core drill rigs. Three more holes were drilled into the Don Ese area to upgrade and expand resources. Infill drill hole DS-13-040 intersected 23.9 m grading 4.99 g/T of gold and 336 g/T of silver including individual intercepts up to 59 g/T of gold and 2,793 g/T of silver, over 80 ounces of silver per ton. Step out hole DS-13-42,drilled about 140 meters down dip from DS-13-040, returned 24.3 meters of 4.82 g/T of gold and 312 g/T of silver, including intercepts up to 13.2 g/T of gold and 697 g/T of silver. These results are expected to add ounces to the Don Ese resource and to improve the confidence level of the resources from inferred 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