10-Q - Paramount Gold Nevada Corp. (0001629210) (Filer)

Mon, May 12, 8:32 PM (62 days ago)

**Paramount Gold Nevada Corp. (PZG) Q1 2025 Financial Summary** **Financial Health:** - **Cash Position:** $2,139,516 (down from $5,423,059 in Q1 2024). - **Total Assets:** $52,619,457 (down from $56,361,612 in Q1 2024). - **Total Liabilities:** $18,580,027 (up from $18,206,172 in Q1 2024). - **Stockholders' Equity:** $34,039,430 (down from $38,155,440 in Q1 2024). **Performance Metrics:** - **Revenue:** $0 (no revenue generated from mining operations). - **Net Loss:** $2,618,307 for Q1 2025 (up 44% from $1,814,045 in Q1 2024). - **Net Loss for Nine Months:** $6,221,934 (up 14% from $5,462,764 in Q1 2024). - **Loss per Share:** $0.04 for Q1 2025 (up from $0.03 in Q1 2024). **Profit Margins:** - **Operating Margin:** Negative due to ongoing exploration and development costs. - **Net Margin:** Negative due to significant operating losses. **Cash Flow:** - **Operating Cash Flow:** Negative $3,564,009 for the nine months ended March 31, 2025. - **Investing Cash Flow:** Negative $159,098 for the nine months ended March 31, 2025. - **Financing Cash Flow:** Positive $439,564 from sales under the ATM program. **Earnings Changes:** - **Increase in Net Loss:** Driven by higher exploration, development, and administrative expenses. - **Exploration and Development Expenses:** $733,906 for Q1 2025 (up 3% from Q1 2024). - **Reclamation Expenses:** $14,193 for Q1 2025 (down 94% from Q1 2024). - **Land Holding Costs:** $185,408 for Q1 2025 (up 18% from Q1 2024). **Quarterly Performance Discussion:** - **Operating Highlights:** Approval of the Environmental Evaluation for the Grassy Mountain project. - **Liquidity and Capital Resources:** Reliance on equity financings, debt financings, and sale of royalties to fund operations. - **Going Concern:** Substantial doubt about the ability to continue as a going concern due to ongoing losses and reliance on external financing. **Trends:** - **Increasing Expenses:** Higher exploration, development, and administrative costs. - **Decreasing Cash Reserves:** Significant reduction in cash on hand. - **Reliance on Financing:** Continued dependence on equity and debt financing. **Uncertainties:** - **Funding Risks:** Uncertainty in securing additional financing. - **Operational Risks:** Risks associated with exploration and development activities. - **Market Risks:** Volatility in gold and silver prices. **Future Operations Impact:** - **Exploration and Development:** Continued focus on Grassy Mountain and Sleeper projects. - **Permitting Activities:** Ongoing permitting activities with state and federal agencies. - **Financial Strategy:** Emphasis on managing liquidity and capital resources.