Paramount Gold Nevada Corp. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the SEC on November 13, 2026, reporting a net loss of $4,562,549 for the three months ended September 30, 2026.

Key Highlights

  • Net loss of $4,562,549 for the three months ended September 30, 2026, compared to a net loss of $4,324,338 in the same period of 2025, according to the filing.
  • Cash and cash equivalents of $8,325,303 as of September 30, 2026, down from $9,931,206 at June 30, 2026.
  • Total assets of $59,214,034 as of September 30, 2026, with mineral properties carried at $49,157,282.
  • Accumulated deficit reached $111,551,434 as of September 30, 2026, up from $106,988,885 at June 30, 2026.
  • Loss from change in fair value of derivative liability on royalty convertible debenture was $2,090,564 for the quarter, compared to $1,151,874 in the prior-year period.
  • 86,530,696 shares issued and outstanding as of September 30, 2026, with 86,546,696 shares outstanding as of November 11, 2026.
  • Gain on sale of mineral properties of $100,000 recorded in the quarter, with $100,000 in proceeds reflected in investing activities.

Paramount Gold Nevada's September 2026 Quarter: Losses, Liabilities, and Cash Position

According to the filing, Paramount Gold Nevada Corp. (NYSE American:PZG) reported total expenses of $1,878,027 for the three months ended September 30, 2026, up from $1,524,522 in the same period a year earlier. The largest expense categories included exploration and development at $747,510, general and administrative costs at $358,313, and salaries and benefits at $244,698. The company disclosed a basic and diluted loss per common share of $0.05 for the quarter, compared to $0.06 in the prior-year period, based on a weighted average share count of 86,156,801.

The filing disclosed that other expenses contributed materially to the net loss. In addition to the $2,090,564 loss from the change in fair value of the derivative liability on the royalty convertible debenture, the company reported a $346,706 loss from the change in fair value of warrant liability and interest expense of $426,839. These were partially offset by interest income of $73,119 and a $100,000 gain on the sale of mineral properties, as well as other income of $6,468.

On the balance sheet, total liabilities increased to $29,314,447 from $26,920,570 at June 30, 2026, driven in part by the derivative liability of the royalty convertible debenture rising to $11,036,782 from $8,946,218. Total stockholders' equity declined to $29,899,587 from $33,917,475 over the same period. Cash used in operating activities was $1,792,018 for the quarter. The company issued 315,315 shares valued at $383,333 for payment of interest during the period, and issued 91,000 shares for financing proceeds of $86,115.

What Was Disclosed

Paramount Gold Nevada filed its quarterly report covering the three months ended September 30, 2026, disclosing a net loss of $4,562,549, a cash balance of $8,325,303, total assets of $59,214,034, and an accumulated deficit of $111,551,434, along with details on liabilities related to its royalty convertible debenture and warrant liability.