Paramount Gold Nevada Corp. Files Q2 2025 10-Q

TL;DR

**Paramount Gold Nevada Corp. 10-Q filed. Financials and operations update for Q2 FY25.**

AI Summary

Paramount Gold Nevada Corp. filed its 10-Q for the period ending December 31, 2024. The company's fiscal year ends on June 30. Key dates mentioned include the filing date of February 12, 2025, and reporting periods such as October 1, 2023, to December 31, 2023, and July 1, 2024, to December 31, 2024. The filing references various financial instruments and operational aspects, including accrued interest, restricted stock units, and royalty debentures.

Why It Matters

This filing provides investors with an update on Paramount Gold Nevada Corp.'s financial performance and operational status for the second quarter of fiscal year 2025, crucial for understanding the company's current financial health and future prospects.

Risk Assessment

Risk Level: medium — As a mining company, Paramount Gold Nevada Corp. is subject to inherent risks related to exploration, development, commodity prices, and regulatory approvals.

Key Numbers

• 06-30 — Fiscal Year End (Indicates the end of the company's annual financial reporting cycle.)
• 2024-07-01 to 2024-12-31 — Reporting Period (Covers the first half of the company's fiscal year 2025.)
• 2023-10-01 to 2023-12-31 — Prior Year Quarter (Provides a comparative period for the current quarter's financial results.)

Key Players & Entities

• Paramount Gold Nevada Corp. (company) — Filer of the 10-Q
• 2024-12-31 (date) — End of reporting period
• 2025-02-12 (date) — Filing date
• Winnemucca, NV (location) — Company's business and mailing address
• Sleeper Gold Mine (location) — Mentioned in relation to Nevada State Department of Environmental Protection

FAQ

Key Financial Figures

• $0.01 — registrant's Common Stock outstanding, $0.01 par value per share, as of February 10,

Filing Documents

• pzg-20241231.htm (10-Q) — 1379KB
• pzg-ex31_1.htm (EX-31.1) — 17KB
• pzg-ex31_2.htm (EX-31.2) — 17KB
• pzg-ex32_1.htm (EX-32.1) — 9KB
• pzg-ex32_2.htm (EX-32.2) — 9KB
• 0000950170-25-018900.txt ( ) — 6479KB
• pzg-20241231.xsd (EX-101.SCH) — 984KB
• pzg-20241231_htm.xml (XML) — 1180KB

Financial Statements

Financial Statements 2 Condensed Consolidated Interim Balance Sheets as of December 31, 2024 (Unaudited) and June 30, 2024 2 Condensed Consolidated Interim Statements of Operations for the Three and Six Months Ended December 31, 2024 (Unaudited) and December 31, 2023 (Unaudited) 3 Condensed Consolidated Interim Statements of Stockholders' Equity for the Three and Six Months Ended December 31, 2024 (Unaudited) and Three and Six Months Ended December 31, 2023 (Unaudited) 4 Condensed Consolidated Interim Statement of Cash Flows for the Six Months Ended December 31, 2024 (Unaudited) and December 31, 2023 (Unaudited) 5 Notes to Condensed Consolidated Interim Financial Statements (Unaudited) 6 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 15 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 20 Item 4.

Controls and Procedures

Controls and Procedures 21 PART II OTHER INFORMATION Item 1A.

Risk Factors

Risk Factors 22 Item 4. Mine Safety Disclosures 22 Item 6. Exhibits 23

Signatures

Signatures Directors, Executive Officers and Corporate Governance 24 i

– FINANCI AL INFORMATION

PART I – FINANCI AL INFORMATION

Financi al Statements

Item 1. Financi al Statements. PARAMOUNT GOLD NEVADA CORP. Condensed Consolidated Interim B alance Sheets (Unaudited) December 31, 2024 June 30, 2024 Assets Current Assets Cash and cash equivalents $ 3,405,400 $ 5,423,059 Prepaid expenses and deposits 779,615 1,319,743 Total Current Assets 4,185,015 6,742,802 Non-Current Assets Mineral properties 49,119,413 49,069,413 Reclamation bonds 546,176 546,176 Property and equipment 10,475 3,221 Total Non-Current Assets 49,676,064 49,618,810 Total Assets $ 53,861,079 $ 56,361,612 Liabilities and Stockholders' Equity Liabilities Current Liabilities Accounts payable and accrued liabilities $ 348,108 $ 563,806 Reclamation and environmental obligation, current portion 120,000 120,000 Total Current Liabilities 468,108 683,806 Non-Current Liabilities Debt liability of royalty convertible debenture, net 11,543,534 11,456,523 Derivative liability of royalty convertible debenture 3,806,160 3,642,105 Deferred tax liability 273,450 273,450 Reclamation and environmental obligation, non-current portion 2,224,462 2,150,288 Total Non-Current Liabilities 17,847,606 17,522,366 Total Liabilities 18,315,714 18,206,172 Commitments and Contingencies (Note 11) Stockholders' Equity Common stock, par value $ 0.01 , 200,000,000 authorized shares, 67,421,774 issued and outstanding at December 31, 2024 and 200,000,000 authorized shares, 65,044,305 issued and outstanding at June 30, 2024 674,218 650,444 Additional paid in capital 120,853,013 119,883,235 Accumulated deficit ( 85,981,866 ) ( 82,378,239 ) Total Stockholders' Equity 35,545,365 38,155,440 Total Liabilities and Stockholders' Equity $ 53,861,079 $ 56,361,612 The accompanying notes are an integral part of these condensed consolidated interim financial statements. 2 PARAMOUNT GOLD NEVADA CORP. Condensed C onso

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