Paramount Gold Nevada (PZG) Q1 2025 earnings summary

Executive summary

• The company is focused on acquiring, exploring, and developing precious metal projects in Nevada and Oregon, with no revenues generated from mining operations during the quarter.

• The State of Oregon approved the completion of the Environmental Evaluation for the Grassy Mountain project, starting the 225-day draft permit process.

Financial highlights

• Net loss for the quarter was $1,572,138, a 24% improvement from $2,074,160 in the same quarter last year.

• Cash and cash equivalents were $4,293,941 as of September 30, 2024, down from $5,423,059 at June 30, 2024.

• Working capital stood at approximately $4,838,147 at quarter end.

• Operating cash outflows were $1,167,455, mainly for permitting, exploration, salaries, and G&A.

• Issued 114,918 shares for $46,358 in net proceeds under the ATM program.

Outlook and guidance

• The company expects to continue incurring losses as it advances exploration and permitting activities.

• Plans to spend $3.9 million on corporate, land claim maintenance, and general expenses, and $1.8 million on Grassy Mountain permitting over the next twelve months.

• Funding will rely on existing cash, ATM equity program, insurance proceeds, and potential equity or royalty sales.