Paramount Gold Nevada (PZG) Q2 2026 earnings summary

Executive summary

• Advanced permitting milestones achieved for the Grassy Mountain Gold Project, including the first-ever draft consolidated permit package in Oregon and a draft Environmental Impact Statement from the BLM.

• Net loss increased significantly year-over-year due to higher exploration, development, and non-cash derivative expenses.

• No revenues generated as the company remains in the exploration and development stage.

Financial highlights

• Net loss for the quarter ended December 31, 2025 was $4.43 million, up 118% from $2.03 million in the prior year quarter.

• Net loss for the six months ended December 31, 2025 was $8.75 million, up 143% from $3.60 million year-over-year.

• Cash and cash equivalents at December 31, 2025 were $3.54 million, up from $1.35 million at June 30, 2025.

• Working capital at December 31, 2025 was approximately $3.34 million.

• Total assets increased to $53.86 million from $52.40 million at June 30, 2025.

• Total liabilities rose to $25.38 million from $18.83 million at June 30, 2025, mainly due to increases in derivative and warrant liabilities.

Outlook and guidance

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

• Twelve-month cash expenditures are projected at $3.4 million for corporate and land claim maintenance, and $1.5 million for Grassy Mountain permitting, subject to available cash.

• Funding plans include existing cash, ATM equity programs, insurance proceeds, and potential equity or royalty sales.