Paramount Gold Nevada (PZG) risk factors, FY2024 10-K

Risk Related to Our Industry

1. 01The estimation of mineral reserves and mineral resources is imprecise and depends upon subjective factors
2. 02The precious metals markets are volatile markets. This will have a direct impact on our revenues (if any) and profits (if any) and could have an adverse effect on our ongoing operations
3. 03Mining operations are hazardous, raise environmental concerns and raise insurance risks
4. 04We are subject to numerous environmental and other regulatory requirements

Risks Related to our Business Operations

1. 05There is substantial doubt about our ability to continue as a going concern
2. 06The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. This assumes continuing operations and the realization of assets and liabilities in the normal course of business
3. 07It is possible investors may lose their entire investment in the Company
4. 08No revenue generated from operations
5. 09We will require significant additional capital to continue our exploration activities, and, if warranted, to develop mining operations
6. 10We cannot be assured that any of our projects are economically feasible or that feasibility studies will accurately forecast operating results
7. 11We may acquire additional exploration stage properties, and we may face negative reactions if reserves are not located on acquired properties
8. 12Our industry is highly competitive, attractive mineral lands are scarce, and we may not be able to obtain quality properties
9. 13We are a development stage company and have no ongoing mining operations of any kind. We have interests in mining claims which may or may not lead to production
10. 14If our exploration and development costs are higher than anticipated, then our profitability will be adversely affected
11. 15Our continuing reclamation obligations at our properties could require significant additional expenditures
12. 16There may be insufficient mineral reserves to develop any of our properties, and our estimates may be inaccurate
13. 17We face fluctuating gold and mineral prices
14. 18Our estimates of mineral reserves and mineral resources are subject to uncertainty
15. 19If we are unable to obtain all of our required governmental permits, our operations could be negatively impacted
16. 20There is no assurance that there will not be title or boundary disputes
17. 21Local infrastructure may impact our exploration activities and results of operations
18. 22Because of the speculative nature of exploration for gold and silver properties, there is substantial risk that our business will fail
19. 23Exploration for economic deposits of minerals is speculative
20. 24The loss of key members of our senior management team could adversely affect the execution of our business strategy and our financial results
21. 25We operate in a regulated industry and changes in regulations or violations of regulations may result in increased costs or sanctions that could reduce our revenues
22. 26If we fail to maintain an effective system of internal controls, we may not be able to accurately report our financial results or prevent fraud. As a result, current and potential stockholders could lose confidence in our financial reporting, which would harm our business and the trading price of our common stock
23. 27We are dependent upon information technology systems, which are subject to cybersecurity incidents, disruption, damage, failure and other risks associated with implementation and integration

Risks Related to Our Common Stock and Indebtedness

1. 28Our stock price may be volatile
2. 29We may not have sufficient cash to meet our debt obligation
3. 30We do not intend to pay dividends for the foreseeable future
4. 31The exercise of our outstanding options may depress our stock price