Paramount Gold Nevada reported its QQ4 2024 quarter ended June 30, 2024 with a continued pre-production profile and no reported revenue. The company posted a net loss of $2.593 million and an EBITDA of $(1.543) million, driven by a high operating expense base and negative gross profit of $(0.176) million on cost of revenue of $0.176 million. Operating income came in at $(1.414) million and net income before tax at $(2.560) million, with a reported basic/diluted EPS of $(0.0407). Operating cash flow was negative at $(2.344) million, contributing to a free cash flow of $(2.344) million for the period and a net cash decrease of $(1.589) million. The company closed the period with cash and cash equivalents of $5.423 million and net debt of approximately $(6.033) million, alongside a sizable asset base (PPE net of $49.073 million) and total assets of $56.362 million. Financing activity provided $0.755 million through common stock issuances, underscoring reliance on equity and/or other financing to support ongoing development. The balance sheet shows a strong current ratio of 9.86 and a debt-to-capitalization ratio of roughly 23%, highlighting a conservative liquidity posture relative to the company's pre-production status. The QQ4 2024 metrics reflect a pre-revenue business with meaningful asset exposure and a development path centered on the Sleeper and Grassy Mountain projects, where value realization hinges on successful permitting, resource delineation, and eventual production milestones. Given the lack of formal near-term revenue and ongoing cash burn, the core investment thesis remains contingent on meaningful progress and external financing to monetize the flagship assets.