Paramount Gold Nevada (PZG) Q3 2024 Earnings Report

Paramount Gold Nevada Corp (PZG) posted a loss in QQ3 2024 with no revenue reported for the quarter. EBITDA was negative at -1.28 million and net income came in at -1.81 million on total operating expenses of 2.09 million, reflecting ongoing exploration and corporate spend typical of an early-stage gold explorer advancing its Sleeper and Grassy Mountain assets. The quarter highlighted a burn in cash flow from operations of -1.54 million and an overall free cash flow of -1.59 million despite a cash balance of ~7.01 million at period end, underscoring the reliance on external funding to sustain operations until a development or production inflection point is reached. On the balance sheet, Paramount demonstrates a solid asset base and liquidity support: total assets of ~59.90 million, cash ~7.01 million, and current assets ~7.79 million against current liabilities ~3.54 million, yielding a healthy current ratio of 2.20. Long-term debt stood at ~11.41 million with total liabilities ~20.35 million and stockholders’ equity ~39.54 million, yielding a debt-to-equity ratio of ~0.29. The company carries negative EBITDA and negative net income, with negative earnings per share of -0.03 for the quarter. Given the exploration-stage business model, the near-term driver for PZG remains the advancement of its flagship Sleeper project and potential financing or strategic partnerships to support further drilling, feasibility work, and permitting progress. Management commentary for QQ3 2024 is not included in the provided transcript data; absent explicit guidance, investors should monitor project milestones, capital planning, and gold-price dynamics for catalysts. Overall, PZG’s QQ3 2024 results reflect a typical early-stage mining explorer profile: no revenue generation this quarter, meaningful ongoing spend, and a balance sheet that supports runway through existing cash but depends on external funding to reach a development-ready state. The investment thesis hinges on successful advancement of Sleeper and efficient capital deployment, against a backdrop of volatile gold prices and the broader mining financing environment.