After being added to the FAST-41 dashboard in May 2025, Paramount Gold Nevada (NYSE: PZG) has already obtained a positive record of decision for their Grassy Mountain Gold Project in Oregon.
The decision is said to represent the culmination of the federal environmental review process under the National Environmental Policy Act, permitting the project to move forward with development.
“The continued de-risking of Grassy Mountain reflects many years of thorough technical and environmental work, as well as sustained community engagement by Paramount and our dedicated consultants,” commented Paramount CEO Rachel Goldman. “With this approval, Grassy Mountain becomes a shovel-ready project that will contribute to the reinvigorated US mining industry, stimulating the local economy in Malheur County, Oregon with high-quality jobs.”
Sponsored · Altamira Gold Corp.
The Grassy Mountain Gold project is a proposed underground mine that would produce 47,000 ounces of gold and 55,000 ounces of silver annually over an eight year initial life of mine. A feasibility study conducted for the project in 2022, using $1,750 gold and $22 silver metals pricing, outlined an after-tax net present value (5%) of $114.1 million, along with an IRR of 22.5%.
Initial capital costs under the project are estimated at just $136.2 million, while operating costs are expected to result in an all-in sustaining cost of $815 on a per ounce basis.
Paramount Gold Nevada last traded at $1.73 on the NYSE.
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