Winnemucca, Nevada– May 24, 2018 - Paramount Gold Nevada Corp. (NYSE American: PZG) ("Paramount”) announced today the results of an independent NI 43-101 compliant Pre-Feasibility Study (“PFS”) for its 100% owned Grassy Mountain Gold Project in Eastern Oregon. The PFS confirms robust economics for a proposed underground mining operation at the current gold price.
Read more...Winnemucca, Nevada – March 27, 2018 - Paramount Gold Nevada Corp. (NYSE American: PZG) ("Paramount”) reported today that two more baseline environmental reports have been approved and accepted by the Oregon Department of Geology and Mineral Industries (“DOGAMI”) and the Department of Environmental Quality (“DEQ”).
Read more...Winnemucca, Nevada – March 13, 2018 - Paramount Gold Nevada Corp. (NYSE American: PZG) ("Paramount”) reported today that the Oregon Department of Geology and Mineral Industries (“DOGAMI”) and the Department of Environmental Quality (“DEQ”) have approved and accepted the first two baseline environmental reports required for the permitting of Paramount’s proposed Grassy Mountain gold mine in Oregon.
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Paramount Gold
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For nearly four months now, gold has been pressured lower by a rising dollar; the inverse correlation has been almost exact. Gold has dropped 5.2% from its January 25, 2018 close of $1362 to its May 16 close of $1291.50. Meanwhile, the US dollar index has risen 5.4% from this year’s low close of 88.50 on February 15, 2018 to […]
It now appears that the gold complex has successfully tested support. Gold held above $1305, the low for the year set on March 5th and above the psychologically important level of $1300. The GDX, the gold miners stock ETF, held above the December 2017 low of $21.25. No new lows support the potential for an upturn. Gold closed up $33 […]
