Paramount Gold and Silver (PZG) Reports Q2 Loss
Paramount Gold and Silver Corp. (PZG) announced a loss of $2 million, or 3 cents per share, in its fiscal second quarter. The company attributed the loss to challenging market conditions. PZG's revenue declined by 10% year-over-year to $18 million.
Key Metrics:
* Revenue: $18 million
* Net loss: $2 million
* Earnings per share: -3 cents
Outlook:
PZG remains committed to increasing production and reducing costs. The company anticipates a recovery in market demand in the future.