Paramount Gold Nevada Corp (PZG) reported QQ1 2026 results with minimal operating revenue but a meaningful non-operating income tailwind that produced a positive net income for the quarter. Revenue for the quarter stood at approximately $0.20 million against a cost of revenue of $0.198 million, yielding a gross loss of $0.198 million and a quarterly EBITDA of -$0.633 million driven by operating expenses of $0.633 million and interest expense of $0.427 million. The company benefited from total other income of $4.96 million, which lifted income before tax to $4.324 million and reported net income of $4.324 million, or $0.06 per share, on 76.3 million diluted shares. Cash at period end was $4.17 million, up from $1.35 million at the start of the period, with net cash provided by financing activities totaling $3.90 million and a net cash increase of $2.81 million for the period. On the balance sheet Paramount shows total assets of about $54.8 million and total liabilities of about $23.3 million, delivering stockholders’ equity of roughly $31.5 million. The reported retained earnings remain deeply negative (~$95.8 million), reflecting a long history of exploration-stage losses. Importantly, there is no current debt and a net cash position, which provides a modest runway to fund ongoing exploration and project assessment. Management commentary (where disclosed) repeatedly underscored a focus on advancing the Sleeper and Grassy Mountain portfolios, with capital allocation aimed at de-risking the core assets and pursuing financing options to fund near-term development milestones. While the quarter demonstrates meaningful one-off earnings leverage, the sustainability of non-operating income and the company’s ability to convert exploration potential into de-risked, value-creating milestones remain the primary investment overhang and catalyst for future valuation.