Paramount Gold and Silver Down 15%, Above New 52-Week Low; PEA Filed for San Miguel Project in Mexico

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Paramount Gold and Silver Corp. ( PZG ) has tumbled 14.6% to $1.61, and earlier set a new 52-week low of $1.49, on news that the Preliminary Economic Assessment for its San Miguel gold and silver project located in Chihuahua State, Mexico has been filed on SEDAR.

PZG said the Preliminary Economic Assessment confirms that the San Miguel project represents an "unusually robust economic opportunity to develop a low cost mine in the prolific Sierra Madre belt in Mexico."

PZG has a 52-week top of $2.82.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: PZG

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