Paramount Gold Reports Strong Economics for Sleeper Gold Project
Paramount Gold Nevada announced a positive initial assessment for its Sleeper Gold Project in Nevada, showing an after-tax NPV of $402 million and IRR of 45% at $3,600/oz gold, highlighting strong potential for restarting the historic mine.
Paramount Gold Nevada Corp. announced a positive initial assessment for its 100%-owned Sleeper Gold Project in Nevada, reporting an after-tax net present value of $402 million and an internal rate of return of 45% at a gold price of $3,600 per ounce.
The assessment, prepared under S-K 1300 standards, evaluates the potential restart of the historic Sleeper Mine through processing existing waste rock dumps and mining in situ oxide and mixed material. At a higher gold price of $4,700/oz, the after-tax NPV rises to $867 million with an IRR of 66%. The project is located in Humboldt County, Nevada, a prolific gold mining jurisdiction.
For gold and precious metals traders, this development underscores the ongoing interest in North American gold projects amid elevated gold prices. Positive project economics can signal potential future supply increases, though near-term production is still years away. Investors monitoring gold equities may find such assessments supportive for junior miners. For current gold pricing context, check NowPrice's gold page.
Looking ahead, Paramount will likely advance the project toward a pre-feasibility study, with key catalysts including further drilling results, permitting progress, and gold price trends. The company's ability to secure financing and partner interest will be crucial for the project's timeline.