Paramount Gold Nevada(US:PZG)2025-09-25 20:42Financial Performance - The net loss for the year ended June 30, 2025, was $9,050,423, an increase of approximately 12% from the net loss of $8,056,445 in the previous year[218]. Expenses - Exploration and development expenses for the year ended June 30, 2025, were $2,603,457, representing a 26% increase from $2,061,618 in the prior year[220]. - Reclamation expenses at the Sleeper Gold Project decreased by 92% to $200,950 from $2,605,799 in the prior year[222]. - Land holding costs increased by 15% from $647,497 to $743,119 due to increased holding costs per claim enacted by the BLM[223]. - Directors' compensation increased by 61% to $320,848 from $199,590 in the prior year due to higher equity-based compensation[225]. - Professional fees increased by 32% to $446,723 from $337,628 in the prior year, primarily due to consulting and legal fees[226]. Cash Position - Cash and cash equivalents decreased to $1,351,001 as of June 30, 2025, from $5,423,059 as of June 30, 2024[230]. Equity and Future Expenditures - The company issued 4,728,165 shares under its equity offering program for net proceeds of $2,356,709 during the fiscal year ended June 30, 2025[231]. - The company anticipates cash expenditures of $2.7 million for corporate, land claim maintenance, and general expenses for the fiscal year ending June 30, 2026[235]. Asset Retirement Obligation - The asset retirement obligation for the Sleeper Gold Project increased to $2,293,765 from $2,270,288 in the prior year[228].