Paramount Gold Nevada (PZG) Q2 2025 Earnings Report

Paramount Gold Nevada Corp reported a Q2 2025 performance that remains firmly in the exploration-and-development camp, with a reported net loss of $2.03 million and negative EBITDA of $1.54 million. There was no disclosed revenue in the period; cost of revenue was $62,039, contributing to a gross loss of $0.281 million and an operating loss of $1.219 million. The company ended the quarter with $3.41 million in cash and cash equivalents and a net debt position of approximately $8.14 million, underscoring a tight liquidity runway absent new financing or material value inflection. Free cash flow was negative by $0.946 million, and operating cash flow was negative at $0.895 million, highlighting ongoing cash burn tied to the company’s development activities rather than current production. These dynamics occur against a backdrop of a substantial long‑term asset base (notably PPE of roughly $49.13 million) and a leverage profile characterized by $11.54 million of long‑term debt and limited near‑term maturities in a benign current liability environment (current ratio ~8.94).