Paramount Gold Nevada posts net loss for Q2 with no revenue from mining operations

Reuters
02/11
<a href="https://laohu8.com/S/PZG">Paramount Gold Nevada</a> posts net loss for <a href="https://laohu8.com/S/QTWO">Q2</a> with no revenue from mining operations

Paramount Gold Nevada Corp. reported its financial results for the quarter ended December 31, 2025. The company held cash and cash equivalents of USD 3.54 million at the end of the period, compared to USD 1.35 million as of June 30, 2025. Working capital stood at approximately USD 3.34 million at the end of the quarter. During the six months ended December 31, 2025, Paramount Gold Nevada Corp. raised net proceeds of USD 2.71 million through the issuance of 2,853,916 shares under its "at the market" equity offering program. The company continues to rely on equity financings, debt financings, and sale of royalties to fund its operations. For the twelve months ahead, Paramount Gold Nevada Corp. anticipates cash expenditures of USD 3.4 million for corporate, land claim maintenance, and general expenses. Additionally, subject to available cash, the company plans discretionary exploration and development spending of USD 1.5 million on state and federal permitting activities for the Grassy Mountain Project. Paramount Gold Nevada Corp. remains focused on advancing its precious metal projects in Nevada and Oregon and expects to continue incurring losses related to property maintenance and general and administrative expenses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Paramount Gold Nevada Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-044779), on February 10, 2026, and is solely responsible for the information contained therein.

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