Paramount Gold Nevada (PZG) Q4 2026 earnings summary

Executive summary

• Continued advancement of permitting and technical studies at Grassy Mountain and Sleeper Gold Projects, with significant milestones in federal and state approvals for Grassy Mountain and an Initial Assessment completed for Sleeper.

• No revenue generated from mining operations; net loss increased to $15.56 million for the year ended June 30, 2026, up 72% year-over-year, driven by higher exploration, development, and administrative expenses.

• Cash and cash equivalents rose to $9.93 million as of June 30, 2026, primarily from equity financings and warrant placements.

Financial highlights

• Net loss for FY 2026 was $15.56 million, compared to $9.05 million in FY 2025.

• Exploration and development expenses increased 37% to $3.57 million, mainly due to permitting at Grassy Mountain.

• Professional fees and general/admin expenses rose 67% and 58% respectively, reflecting higher audit, legal, and investor relations costs.

• Cash used in operations totaled $7.28 million; cash provided by financing activities was $15.91 million.

• Working capital at year-end was $10.38 million, with a $15 million convertible debenture outstanding.

Outlook and guidance

• Twelve-month cash expenditures for FY 2027 are projected at $5.7 million for corporate and permitting costs, with discretionary exploration/development spending contingent on available cash and additional financings.

• Planned activities include drilling at Grassy Mountain and Sleeper, and procurement for power line construction at Grassy Mountain.

• Company expects to continue incurring losses and will rely on equity, debt, and royalty sales for funding.