Paramount Gold Nevada Corp. Common Stock
Key Metrics
Market Snapshot
About
Paramount Gold Nevada Corp. Common Stock (PZG) is a precious metals company based in Winnemucca, Nevada, that works with its subsidiaries to acquire, explore, and develop mineral properties in the United States. Incorporated in 1992, the company is focused mainly on identifying and advancing deposits of gold and silver. It is best known for its flagship asset, the Grassy Mountain project in Oregon.
The Grassy Mountain project is wholly owned by Paramount Gold Nevada and covers roughly 8,280 acres in Malheur County, Oregon. The land position is made up of several types of mining claims. These include three patented lode claims spanning about 62 acres, 455 unpatented lode claims covering approximately 8,173 acres, and nine mill site claims accounting for around 45 acres. Together these holdings form the core of the company's exploration and development work.
As an exploration and development company, Paramount Gold Nevada does not generate revenue from active mining production in the way a fully operational miner would. Instead, its activities center on assessing the potential of its properties, advancing them through the stages required to define and prepare a mineral resource, and positioning those assets for possible future development. Its work is concentrated on the gold and silver opportunity at Grassy Mountain, which represents the primary focus of its current efforts and the main basis for its standing as a precious metals explorer in the western United States.