Paramount Gold Nevada (PZG) Q3 2025 earnings summary

Executive summary

• No revenue generated from mining operations for the nine months ended March 31, 2025 or 2024; company remains in development stage.

• Net loss increased to $2.62 million for the quarter and $6.22 million for the nine months, up 44% and 14% year-over-year, respectively.

• Grassy Mountain Project advanced with approval of Environmental Evaluation, starting the 225-day draft permit process.

Financial highlights

• Cash and cash equivalents declined to $2.14 million at March 31, 2025 from $5.42 million at June 30, 2024.

• Working capital at March 31, 2025 was approximately $2.18 million.

• Net loss for the quarter was $2.62 million (vs. $1.81 million prior year); net loss for nine months was $6.22 million (vs. $5.46 million prior year).

• Operating cash outflows for nine months were $3.56 million; investing outflows $159,098; financing inflows $439,564.

Outlook and guidance

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

• Anticipates $3 million in corporate, land claim, and general expenses, and $2.5 million for Grassy Mountain permitting over the next twelve months.

• Plans to fund operations through existing cash, ATM equity program, insurance proceeds, and potential equity or royalty sales.