2 June 2026resource reserve update▲ GoodMajor
Paramount released a major updated feasibility study for Grassy Mountain: after-tax NPV of $374.7 million and 38.9% IRR at $3,600 gold (more than double the NPV and IRR of the 2022 study), with recoverable gold ounces up 7% to 385,800 and mine life extended to 9.3 years. Federal permitting cleared in January 2026 (BLM Record of Decision and final Environmental Impact Statement); state permitting approval is expected in the second half of 2026 - the project is now substantially de-risked toward a construction decision.