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July 8, 2014
06:07 EDTPZGParamount Gold & Silver reports positive new resource estimate for San Miguel
Paramount Gold and Silver released the results of a new resource estimate prepared by Mine Development Associates of Reno Nevada, or MDA, for Paramount's 100%-owned San Miguel Project in northern Mexico. The new resource model on which the estimate is based "represents a major step forward in the evolution of San Miguel from a raw exploration prospect to what is now a mature, high quality economic opportunity," said Paramount CEO Christopher Crupi. In the new model, estimated global measured and indicated, or M&I, contained ounces of gold increased a robust 76%, from 638,000 to 1.12M. Estimated M&I contained ounces of silver rose 44%, from 53.6M to 77.1M. Inferred resources of gold and silver fell slightly as a portion of the inferred was converted to higher categories but the size of the total resource increased substantially. At a silver-to-gold ratio of 60, estimated M&I gold equivalent ounces total 2.41M at an estimated average gold equivalent grade of 1.71 g/T. For a detailed breakdown of tonnes and grade by category, please see the tables below.
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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.

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