Paramount Gold Nevada Corp. Segments Disclosure
Note 11. Segmented Information
The Company’s reportable segments are comprised of operating units that have losses or assets exceeding 10% of the respective consolidated totals and are consistent with the Company’s management reporting structure. At Paramount, management organizes its segments by material property to make operating decisions and assessing performance. The Company's properties include the Sleeper Gold Project and the Grassy Mountain Project. Additional operating expenses incurred by the Company are treated as corporate overhead. Interest expense incurred by the Company are included in corporate overhead and the CODM does not rely on allocating interest expense by reportable segment to assess performance of the segment. Segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker (“CODM”). The chief operating decision-maker, who is responsible for allocating resources and assessing the performance of the operating segments, has been identified as the .
The tables below summarize the Company's segments:
Year Ended June 30, 2025 |
|
|||||||||||||||
|
|
Sleeper Gold Project and other Nevada based Projects |
|
|
Grassy Mountain Project and other Oregon based Projects |
|
|
Corporate |
|
|
Total |
|
||||
Exploration and development |
|
$ |
264,174 |
|
|
$ |
2,339,283 |
|
|
$ |
— |
|
|
$ |
2,603,457 |
|
Reclamation |
|
|
200,950 |
|
|
|
— |
|
|
|
— |
|
|
|
200,950 |
|
Land holding costs |
|
|
569,748 |
|
|
|
173,371 |
|
|
|
— |
|
|
|
743,119 |
|
Accretion |
|
|
225,413 |
|
|
|
— |
|
|
|
— |
|
|
|
225,413 |
|
Corporate |
|
|
— |
|
|
|
— |
|
|
|
3,182,580 |
|
|
|
3,182,580 |
|
Net Loss Before Other Expense |
|
$ |
1,260,285 |
|
|
$ |
2,512,654 |
|
|
$ |
3,182,580 |
|
|
$ |
6,955,519 |
|
Other Expense (Income) |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Other income |
|
|
(6,217 |
) |
|
|
— |
|
|
|
— |
|
|
|
(6,217 |
) |
Change in derivative liability on royalty convertible debenture |
|
|
— |
|
|
|
— |
|
|
|
435,824 |
|
|
|
435,824 |
|
Interest expense |
|
|
— |
|
|
|
— |
|
|
|
1,690,690 |
|
|
|
1,690,690 |
|
Interest income |
|
|
— |
|
|
|
— |
|
|
|
(44,642 |
) |
|
|
(44,642 |
) |
Net Loss before Income Taxes |
|
$ |
1,254,068 |
|
|
$ |
2,512,654 |
|
|
$ |
5,264,452 |
|
|
$ |
9,031,174 |
|
Income Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Deferred tax expense |
|
|
— |
|
|
|
19,249 |
|
|
|
— |
|
|
|
19,249 |
|
Net Loss |
|
$ |
1,254,068 |
|
|
$ |
2,531,903 |
|
|
$ |
5,264,452 |
|
|
$ |
9,050,423 |
|
Year Ended June 30, 2024 |
|
|||||||||||||||
|
|
Sleeper Gold Project and other Nevada based Projects |
|
|
Grassy Mountain Project and other Oregon based Projects |
|
|
Corporate |
|
|
Total |
|
||||
Exploration and development |
|
$ |
448,067 |
|
|
$ |
1,613,551 |
|
|
$ |
— |
|
|
$ |
2,061,618 |
|
Reclamation |
|
|
2,605,799 |
|
|
|
— |
|
|
|
— |
|
|
|
2,605,799 |
|
Land holding costs |
|
|
490,184 |
|
|
|
157,313 |
|
|
|
— |
|
|
|
647,497 |
|
Accretion |
|
|
442,234 |
|
|
|
— |
|
|
|
— |
|
|
|
442,234 |
|
Corporate |
|
|
— |
|
|
|
— |
|
|
|
2,739,340 |
|
|
|
2,739,340 |
|
Net Loss Before Other Expense |
|
$ |
3,986,284 |
|
|
$ |
1,770,864 |
|
|
$ |
2,739,340 |
|
|
$ |
8,496,488 |
|
Other Expense (Income) |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Other income |
|
|
(2,511,660 |
) |
|
|
— |
|
|
|
— |
|
|
|
(2,511,660 |
) |
Change in derivative liability on royalty convertible debenture |
|
|
— |
|
|
|
— |
|
|
|
881,727 |
|
|
|
881,727 |
|
Interest expense |
|
|
— |
|
|
|
— |
|
|
|
1,156,483 |
|
|
|
1,156,483 |
|
Interest income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Net Loss before Income Taxes |
|
$ |
1,474,624 |
|
|
$ |
1,770,864 |
|
|
$ |
4,777,550 |
|
|
$ |
8,023,038 |
|
Income Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Deferred tax expense |
|
|
— |
|
|
|
33,407 |
|
|
|
— |
|
|
|
33,407 |
|
Net Loss |
|
$ |
1,474,624 |
|
|
$ |
1,804,271 |
|
|
$ |
4,777,550 |
|
|
$ |
8,056,445 |
|
Non current assets of Company's segments:
` |
|
As At June 30, 2025 |
|
|
As At June 30, 2024 |
|
||
Sleeper Gold Project and other Nevada based projects mineral properties |
|
$ |
25,701,750 |
|
|
$ |
25,733,685 |
|
Grassy Mountain Project and other Oregon based projects mineral properties |
|
|
23,435,728 |
|
|
|
23,335,728 |
|
Corporate and other |
|
|
558,204 |
|
|
|
549,397 |
|
Total Non-Current Assets |
|
$ |
49,695,682 |
|
|
$ |
49,618,810 |
|
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Sep 25, 2025 | Showing above |
| 2024 | Sep 26, 2024 | |
| 2023 | Sep 26, 2023 | |
| 2022 | Oct 13, 2022 | |
| 2021 | Sep 17, 2021 | |
| 2020 | Sep 25, 2020 | |
| 2019 | Sep 16, 2019 | |
| 2018 | Sep 11, 2018 | |
| 2017 | Sep 18, 2017 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.