Executive Summary
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.
Key Performance Indicators
QoQ: -42.98% | YoY:-69.51%
QoQ: -35.67% | YoY:-41.32%
Key Insights
Revenue: Not reported in QQ4 2024; no QoQ or YoY revenue data available.
Gross Profit: $(0.176) million; Gross Margin not meaningful due to non-reported revenue; YoY gross profit change listed as 69.87% but reflects negative base dynamics (context below).
Operating Income: $(1.414) million; YoY change listed as 1.32%; QoQ change listed as 35.73% (indicative of a relative improvement from prior period but still negative).
Net Income: $(2.593) million; YoY change −69.51%; QoQ change −42.98%...
Financial Highlights
Revenue: Not reported in QQ4 2024; no QoQ or YoY revenue data available.
Gross Profit: $(0.176) million; Gross Margin not meaningful due to non-reported revenue; YoY gross profit change listed as 69.87% but reflects negative base dynamics (context below).
Operating Income: $(1.414) million; YoY change listed as 1.32%; QoQ change listed as 35.73% (indicative of a relative improvement from prior period but still negative).
Net Income: $(2.593) million; YoY change −69.51%; QoQ change −42.98%.
EPS: $(0.0407); YoY −41.32%; QoQ −35.67%.
Cash Flow: Operating cash flow $(2.344) million; Capex $(0.003) million; Free cash flow $(2.344) million; Net change in cash $(1.589) million; Cash at end of period $5.423 million; Net debt $6.033 million.
Balance Sheet: Total assets $56.362 million; Cash and equivalents $5.423 million; PPE net $49.073 million; Total current assets $6.742 million; Total current liabilities $0.684 million; Long-term debt $11.456 million; Total liabilities $18.206 million; Stockholders’ equity $38.155 million; Debt-to-capitalization ~0.231; Current ratio 9.86.
Valuation and position: Price-to-book ~0.72; P/E negative; Enterprise value multiple negative; Indicates a pre-production, asset-light on near-term revenue but asset-heavy in book terms, with market pricing reflecting development-stage risk.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Gross Profit |
-176.07K |
69.87% |
-58.77% |
| Operating Income |
-1.41M |
1.32% |
35.73% |
| Net Income |
-2.59M |
-69.51% |
-42.98% |
| EPS |
-0.04 |
-41.32% |
-35.67% |
Key Financial Ratios
operatingCashFlowPerShare
$-0.04
freeCashFlowPerShare
$-0.04
Management Commentary
Notes: The earnings transcript data field is empty (earningsTranscript: []). No management quotes or themes from an earnings call were provided in the data set. Consequently, there are no transcript highlights to quote or thematic groupings (strategy, operations, market conditions) to extract from QQ4 2024. If a transcript becomes available, we will integrate management commentary on Sleeper feasibility milestones, permitting progress, and financing strategy.
Forward Guidance
There is no formal forward guidance published in the provided QQ4 2024 data. As Paramount Gold Nevada remains in a development phase with its Sleeper and Grassy Mountain projects, near-term guidance would typically focus on milestones such as resource delineation updates, feasibility studies, permitting milestones, and financing plans. Investors should monitor: (a) any updated resource estimates or PEA/FS timing for Sleeper, (b) permitting progress with state/federal agencies, (c) planned exploratory or infill drilling results near Sleeper and Grassy Mountain, and (d) potential financing actions (equity, debt, or joint venture arrangements) to fund ongoing work. Given the current cash burn and lack of revenue, achievability of commitments hinges on timely execution of project development milestones and access to capital. In the absence of stated targets, the key watchpoints are progress toward production-readiness, partner/financing announcements, and any changes in gold price assumptions used by management for project economics.