Paramount Gold Nevada’s Grassy Mountain Operation: A Major Milestone Achieved
Winnemucca, Nevada, March 20, 2025 – In a significant development for the mining industry, Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) announced that all components of its mining, processing, and closure scenarios for the proposed Grassy Mountain operation have been unanimously approved by the Technical Review Team (TRT) at a public meeting. This approval marks a major milestone in the development of this highly anticipated gold project.
Paramount’s Grassy Mountain Project: An Overview
Located in Nevada’s Lander County, the Grassy Mountain project is a potential new gold mine that could significantly contribute to the state’s economy. The project encompasses the development of an open-pit mine, a heap leach processing facility, and associated infrastructure. The operation is expected to produce approximately 75,000 ounces of gold annually over a 12-year mine life.
Impact on the Local Community and the World
The approval of Paramount’s mining, processing, and closure scenarios is a positive sign for the local community and the world at large. For the local community, this project represents an opportunity for job creation and economic growth. According to Paramount, the operation is projected to generate approximately 300 jobs during construction and 175 permanent jobs during the mine’s operational phase. Additionally, the Company has committed to investing in local schools, roads, and infrastructure, further strengthening the local economy.
Environmental Considerations
Environmental concerns have been a major focus of the TRT’s review. Paramount has taken a proactive approach to mitigate potential environmental impacts. The Company’s closure plan includes the reclamation of disturbed lands, the restoration of water resources, and the establishment of a post-mining land use plan. Paramount has also committed to implementing best practices in mining, such as using water-efficient mining methods and minimizing the use of cyanide in the processing of gold ore.
Global Implications
Beyond the local community, the approval of Paramount’s Grassy Mountain project has broader implications for the global mining industry. The project represents a significant investment in the mining sector and could serve as a model for other mining companies seeking to develop new projects. Paramount’s commitment to environmental stewardship and community engagement sets a high bar for other companies and demonstrates that responsible mining can coexist with sustainable development.
Conclusion
The unanimous approval of Paramount Gold Nevada’s mining, processing, and closure scenarios for the Grassy Mountain project is a major milestone in the development of this highly anticipated gold operation. This approval not only marks a significant step forward for Paramount but also has far-reaching implications for the local community and the global mining industry. With a focus on environmental stewardship, community engagement, and responsible mining practices, Paramount is setting a new standard for mining companies and paving the way for a more sustainable future.
- Paramount Gold Nevada’s Grassy Mountain project received unanimous approval from the Technical Review Team (TRT)
- The project includes the development of an open-pit mine, a heap leach processing facility, and associated infrastructure
- Approximately 300 jobs during construction and 175 permanent jobs during the operational phase
- Commitment to investing in local schools, roads, and infrastructure
- Focus on environmental stewardship, community engagement, and responsible mining practices
