Paramount Gold Nevada Corp. Reports Increased Net Losses and Decreased Assets for Q1 2025

Paramount Gold Nevada Corp. reported a net loss of $2.6 million for the three months ended March 31, 2025, compared to a loss of $1.8 million during the same period in 2024, marking a 44% increase in losses. For the nine months ending March 31, 2025, the company recorded a net loss of $6.2 million, up 14% from $5.5 million in the prior year. The increase in losses is attributed to higher operational costs, including exploration and development expenses, which totaled $733,906 for the quarter, a slight increase from $713,404 in the previous year. The company has not generated any revenue from mining operations during this period.

In terms of financial position, Paramount's total assets decreased to $52.6 million as of March 31, 2025, down from $56.4 million at the end of the previous fiscal year. Current assets also fell significantly, from $6.7 million to $2.8 million, primarily due to a reduction in cash and cash equivalents, which dropped from $5.4 million to $2.1 million. The company's total liabilities increased slightly to $18.6 million, compared to $18.2 million in the prior period, while stockholders' equity decreased to $34 million from $38.2 million, reflecting the ongoing losses.

Operationally, Paramount has continued its exploration activities in Nevada and Oregon, focusing on the Grassy Mountain and Sleeper projects. The company reported a significant reduction in reclamation expenses, which fell to $14,193 from $252,534 in the previous year, as a major one-time conversion project was completed. However, land holding costs increased by 18% due to higher fees imposed by the Bureau of Land Management. The company’s employee headcount remains stable, with ongoing costs related to salaries and benefits contributing to the overall financial burden.

Looking ahead, Paramount Gold Nevada Corp. anticipates continued losses as it progresses with its exploration and development plans. The company has outlined a strategy to fund its operations through existing cash reserves, an at-the-market equity offering program, and potential insurance proceeds for reclamation obligations. However, there is substantial doubt about the company's ability to continue as a going concern without securing additional financing. Paramount's management emphasizes the importance of maintaining liquidity and managing capital resources effectively to support its ongoing projects and operational needs.