Paramount Gold Nevada (PZG) Q2 2025 earnings summary

Executive summary

• No revenue generated from mining operations for the six months ended December 31, 2024 or 2023; company remains in development stage focused on exploration and permitting activities.

• Net loss for the quarter was $2.03 million, up 29% year-over-year; net loss for the six months was $3.60 million, down 1% from the prior year.

• State of Oregon approved the Environmental Evaluation for the Grassy Mountain project, starting the draft permit process.

Financial highlights

• Cash and cash equivalents were $3.41 million at December 31, 2024, down from $5.42 million at June 30, 2024.

• Working capital at December 31, 2024 was approximately $3.72 million.

• Total assets were $53.86 million; total liabilities were $18.32 million.

• Net loss for the quarter: $2.03 million (vs. $1.57 million prior year); for six months: $3.60 million (vs. $3.65 million prior year).

• Cash used in operating activities for six months: $2.06 million; cash used in investing: $59,098; cash provided by financing: $104,228.

Outlook and guidance

• Company expects to continue incurring losses as it advances exploration and permitting.

• Plans to spend $4.1 million on corporate, land claim maintenance, and general expenses, and $1.95 million on Grassy Mountain permitting over the next twelve months.

• Funding expected from existing cash, ATM equity program, insurance proceeds, and potential equity or royalty sales.