Quarterly ResultMay 12, 2026, 04:22 PM
Paramount Gold Nevada Q3 Net Loss $4.9M; Going Concern Warning
AI Summary
Paramount Gold Nevada Corp. reported a significant increase in net loss for the three and nine months ended March 31, 2026, alongside a going concern warning. The company's net loss for the quarter more than doubled year-over-year, and its nine-month loss also substantially increased. While cash and total assets grew, total liabilities also saw a considerable rise, driven by new warrant and derivative liabilities. The company continues to rely on equity and debt financings to fund its operations.
Key Highlights
- Net Loss for Q3 2026 was $4,903,148, up from $2,618,307 in Q3 2025.
- Net Loss for the nine months ended March 31, 2026 was $13,654,423, compared to $6,221,934 in 2025.
- Loss per common share for Q3 2026 was $0.06, up from $0.04 in Q3 2025.
- Cash and cash equivalents increased to $12,701,492 at March 31, 2026, from $1,351,001 at June 30, 2025.
- Total Liabilities rose to $27,619,171 at March 31, 2026, from $18,834,909 at June 30, 2025.
- Warrant liability was $4,145,605 at March 31, 2026, up from $0 at June 30, 2025.
- Derivative liability of royalty convertible debenture increased to $8,421,522 from $4,077,929.
- Cash provided by financing activities was $15,914,027 for the nine months ended March 31, 2026.