03:39 PM EST - Paramount Gold and Silver Corp. : announced today the results of a Preliminary Economic Assessment for its 100%-owned San Miguel gold and silver project located in Chihuahua State, Mexico. Highlights include: low initial capital of $232 million; estimated average annual production of 57,300 ounces gold and 3.1 million ounces silver for 14 years. Estimated base case Pre-Tax NPV of $707 million U.S. at a 5% discount rate and IRR of 33.2% Paramount Gold and Silver Corp.
shares T.PZG are trading unchanged at $2.12.
