Paramount Gold and Silver Corp. is a U.S. based exploration and development company with multi-million ounce advanced stage precious metals projects in Nevada and northern Mexico. The company has fully funded programs in progress at these two main projects with the objective of substantially expanding its resources over the next two years. Plans are also underway to exploit a large, surface inventory of gold in tailings and leach pad heaps on the Nevada property for potential near-term cash flow.
Paramount’s corporate strategy is three-fold: acquiring and expanding known deposits in large-scale geological environments in North America, locating opportunities in established mining camps near successful operating mines, and generating near-term cash flow to reduce financing risks and provide for greater operating flexibility. Dahlman Rose and Co. initiated coverage on Paramount Gold and Silver Corp. this summer with a price target of $9.06 and recently increased the price target to $9.78.
The company’s executive team and board of directors have extensive experience in the mining sector as well as management expertise gained from serving major corporations spanning a diverse set of industries. Paramount’s team is focused on proven, advanced stage mining projects in existing mining camps, with the objective of minimizing both political and exploration risk. Their philosophy is to maximize shareholder value and reduce risk by focusing efforts on the gap between discovery and production.
Recently Paramount announced that its drill program to expand gold resources at its Sleeper Gold Project in Nevada will commence. The exploration program will focus on two resource areas near historical mining, the West Wood Vein and the Facilities target, although other existing targets are being evaluated and prioritized for inclusion in the $3 million program. The second large-scale resource expansion program, Paramount is very excited and optimistic of the forthcoming results.
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