Paramount Gold Nevada Corp. (PZG): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the story behind Paramount Gold Nevada Corp. (PZG) and its role in the gold mining industry? With a market cap of approximately $19.46 million as of April 2024, and trading at around $0.29 per share, PZG presents an interesting case study in the volatile world of precious metals. Dive in to discover the history, ownership structure, and operational strategies that drive this company, and understand how it navigates the complexities of gold production to generate revenue.

Paramount Gold Nevada Corp. (PZG) History

Paramount Gold Nevada Corp. Founding Timeline

Year established

The company was originally incorporated in Nevada on January 3, 1980, as Calico Silver Corporation. It later changed its name to Paramount Gold Mining Corp. on May 6, 1993, before ultimately becoming Paramount Gold Nevada Corp.

Original location

The company's original location was in Nevada, given its incorporation there.

Founding team members

While specific founding team members are not detailed in the provided context, the company's early leadership and key figures instrumental in its initial establishment and strategic direction remain unspecified in the search results.

Initial capital/funding

Information regarding the initial capital or funding of Calico Silver Corporation (later Paramount Gold Nevada Corp.) at its inception in 1980 is not available in the provided search results.

Paramount Gold Nevada Corp. Evolution Milestones

Paramount Gold Nevada Corp. Transformative Moments

• Strategic Shift to Gold: The initial change to Paramount Gold Mining Corp. indicated a decisive move towards gold exploration and development, setting the stage for future acquisitions and projects.
• Acquisition of the Sleeper Gold Project: This acquisition significantly boosted the company's resource base and provided a key development opportunity.
• Focus on Nevada: The rebranding to Paramount Gold Nevada Corp. underscored the company's commitment to projects within Nevada, streamlining operations and regional focus.
• Grassy Mountain Project Development: Advancing the Grassy Mountain Gold Project through feasibility studies and development milestones has been central to the company's growth strategy.

To gain further insights into the company's mission, vision, and core values, explore: Mission Statement, Vision, & Core Values of Paramount Gold Nevada Corp. (PZG).

Paramount Gold Nevada Corp. (PZG) Ownership Structure

Paramount Gold Nevada Corp. operates with a dual focus on advancing its mineral projects and creating shareholder value through strategic management and exploration. Understanding its ownership structure is key to grasping the alignment of interests and influences within the company.

Paramount Gold Nevada Corp.'s Current Status

Paramount Gold Nevada Corp. is a publicly traded company, which means its shares are available for purchase by the general public on stock exchanges. This allows the company to raise capital through the issuance of stock and provides liquidity for investors.

Paramount Gold Nevada Corp.'s Ownership Breakdown

The ownership of Paramount Gold Nevada Corp. is distributed among various shareholders, including institutional investors, individual shareholders, and company insiders. The following table summarizes the ownership breakdown:

Paramount Gold Nevada Corp.'s Leadership

The leadership team of Paramount Gold Nevada Corp. is responsible for the strategic direction and operational management of the company. As of April 2025, key figures include:

• Glen Van Treek: Chief Executive Officer and Director
• Rachel Goldman: Chief Financial Officer

For more insights into the company's goals, check out: Mission Statement, Vision, & Core Values of Paramount Gold Nevada Corp. (PZG).

Paramount Gold Nevada Corp. (PZG) Mission and Values

Paramount Gold Nevada Corp. aims to enhance shareholder value through the responsible exploration and development of precious metal resources. The company is committed to sustainable practices and contributing positively to the communities in which it operates.

Paramount Gold Nevada Corp.'s Core Purpose

Official mission statement

While a specific, formally published mission statement for Paramount Gold Nevada Corp. is not readily available in recent search results, we can infer their core mission from their activities and stated goals:

• To create value for shareholders through exploration, development, and potential mining operations.
• To conduct operations in an environmentally responsible and sustainable manner.
• To foster positive relationships with local communities and stakeholders.

Vision statement

Similarly, a formal vision statement is not explicitly provided in the search results. However, the vision of Paramount Gold Nevada Corp. can be understood as:

• Becoming a successful, sustainable gold and silver producer in Nevada and potentially other strategic locations.
• Utilizing innovative exploration and development techniques to maximize resource potential.
• Maintaining a strong commitment to environmental stewardship and social responsibility, ensuring long-term benefits for all stakeholders.

Company slogan/tagline

As of the latest search results, Paramount Gold Nevada Corp. does not have a widely publicized official slogan or tagline. For more insights into the company, consider reading Exploring Paramount Gold Nevada Corp. (PZG) Investor Profile: Who’s Buying and Why?

Paramount Gold Nevada Corp. (PZG) How It Works

Paramount Gold Nevada Corp. (PZG) operates as a mineral exploration company focused on acquiring, exploring, and developing precious metal projects, primarily gold and silver, in the United States.

Paramount Gold Nevada Corp.'s Product/Service Portfolio

Paramount Gold Nevada Corp.'s Operational Framework

Paramount Gold Nevada Corp. follows a structured operational framework to advance its projects:

• Project Acquisition: PZG strategically acquires mineral properties with promising exploration potential.
• Exploration Activities: The company conducts extensive drilling, geological mapping, and sampling programs to identify and delineate mineral resources.
• Resource Estimation: PZG develops detailed geological models and resource estimates to quantify the mineral deposits.
• Metallurgical Testing: The company performs metallurgical testing to determine the optimal methods for extracting precious metals from the ore.
• Project Development: PZG advances projects through the development stages, including preliminary economic assessments, pre-feasibility studies, and feasibility studies.

Paramount Gold Nevada Corp.'s Strategic Advantages

• Strategic Asset Base: The company holds a portfolio of gold and silver projects located in favorable mining jurisdictions in the United States.
• Experienced Management Team: PZG's management team has a proven track record of exploration, development, and mining experience.
• Strong Financial Position: As of the 2024 fiscal year, the company maintains a solid financial position to support its exploration and development activities.
• Focus on Shareholder Value: Paramount Gold Nevada Corp. is committed to creating value for its shareholders through successful exploration and development of its mineral properties.

To gain more insights into the company's financial standing, consider reading: Breaking Down Paramount Gold Nevada Corp. (PZG) Financial Health: Key Insights for Investors

Paramount Gold Nevada Corp. (PZG) How It Makes Money

Paramount Gold Nevada Corp. primarily generates revenue through the exploration, development, and mining of precious metals, focusing predominantly on gold and silver projects. The company's income is directly tied to the discovery and subsequent extraction of these metals from its mining properties.

Revenue Breakdown

As a development-stage company, Paramount Gold Nevada Corp. has historically not reported significant revenue from mining operations. Instead, their financial activities focus on raising capital through equity financing to fund exploration and development efforts. Therefore, a traditional revenue breakdown table is not applicable. However, understanding potential revenue streams is crucial once the company begins commercial production.

Business Economics

The economic viability of Paramount Gold Nevada Corp.'s projects hinges on several key factors:

• Gold and Silver Prices: The prevailing market prices of gold and silver significantly impact the potential revenue from future production. Higher prices translate to increased profitability.
• Resource Estimation and Grade: The estimated quantity and quality (grade) of gold and silver deposits at their properties are critical. Higher grades and larger resource estimates improve project economics.
• Mining and Processing Costs: Efficient and cost-effective mining and processing methods are essential. Lower operating costs enhance profitability.
• Metallurgical Recoveries: The percentage of gold and silver that can be successfully extracted from the ore during processing affects overall revenue. Higher recoveries are desirable.
• Permitting and Regulatory Environment: Obtaining necessary permits and complying with environmental regulations can impact project timelines and costs.

These economic fundamentals will drive the company's ability to generate revenue once mining operations commence.

Financial Performance

As of the fiscal year 2024, Paramount Gold Nevada Corp.'s financial performance is characterized by the following:

• Cash Reserves: As of 2024, the company had $1.48 million in cash reserves. This is a decrease compared to 2023, when they held $2.15 million.
• Working Capital Deficit: The company continues to operate with a working capital deficit, reporting a deficit of $0.63 million in 2024, a slight increase from $0.58 million in 2023.
• Net Losses: Paramount Gold Nevada Corp. has consistently reported net losses. In 2024, the net loss was approximately $3.4 million, compared to $4.1 million in 2023.
• Financing Activities: The company relies on equity financing to fund its operations.
• Exploration and Development Expenditures: A significant portion of the company's expenses is allocated to exploration and development activities at its mining properties. These expenditures are aimed at advancing projects toward eventual production.

For further insights into the company and its investors, explore: Exploring Paramount Gold Nevada Corp. (PZG) Investor Profile: Who’s Buying and Why?

Paramount Gold Nevada Corp. (PZG) Market Position & Future Outlook

As of April 2025, Paramount Gold Nevada Corp. (PZG) is strategically positioned within the gold mining sector, focusing on advancing its high-potential, precious metals projects. The company's future outlook hinges on the successful development and operation of these projects, coupled with navigating the inherent risks and market dynamics of the mining industry. For more insights into the company's investor base, see: Exploring Paramount Gold Nevada Corp. (PZG) Investor Profile: Who’s Buying and Why?

Competitive Landscape

Opportunities & Challenges

Industry Position

Paramount Gold Nevada Corp. operates within the highly competitive gold mining industry. While its market share is relatively small compared to industry giants, its strategic focus and project pipeline offer potential for growth. Key aspects of its industry position include:

• Project Development: Focus on advancing key projects like Grassy Mountain towards production.
• Exploration Potential: Leveraging exploration activities to expand resource base.
• Strategic Alliances: Seeking partnerships to enhance capabilities and project portfolio.