PARAMOUNT GOLD & SILVER CORP.

CIK:0001342854|SEC Filings

Condensed Consolidated Interim Statements of Operations and Comprehensive Loss (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Revenue
Interest income	$ 2,534us-gaap_InterestIncomeOperating	$ 1,841us-gaap_InterestIncomeOperating	$ 5,153us-gaap_InterestIncomeOperating	$ 6,807us-gaap_InterestIncomeOperating
Other income	67,722us-gaap_OtherIncome	46,745us-gaap_OtherIncome	98,208us-gaap_OtherIncome	56,876us-gaap_OtherIncome
Total Revenue	70,256us-gaap_Revenues	48,586us-gaap_Revenues	103,361us-gaap_Revenues	63,683us-gaap_Revenues
Expenses:
Exploration	3,140,205us-gaap_ExplorationExpense	1,855,025us-gaap_ExplorationExpense	5,138,180us-gaap_ExplorationExpense	3,089,282us-gaap_ExplorationExpense
Professional fees	671,050us-gaap_ProfessionalFees	204,202us-gaap_ProfessionalFees	909,840us-gaap_ProfessionalFees	434,970us-gaap_ProfessionalFees
Directors compensation	55,655us-gaap_NoninterestExpenseDirectorsFees	69,970us-gaap_NoninterestExpenseDirectorsFees	118,137us-gaap_NoninterestExpenseDirectorsFees	139,946us-gaap_NoninterestExpenseDirectorsFees
Travel & lodging	45,343us-gaap_TravelAndEntertainmentExpense	75,219us-gaap_TravelAndEntertainmentExpense	95,098us-gaap_TravelAndEntertainmentExpense	117,889us-gaap_TravelAndEntertainmentExpense
Corporate communications	106,799	64,287	166,631	118,638
Consulting fees	385,457pzg_ConsultingFees	46,705pzg_ConsultingFees	451,726pzg_ConsultingFees	169,282pzg_ConsultingFees
Office & administration	107,065us-gaap_GeneralAndAdministrativeExpense	103,361us-gaap_GeneralAndAdministrativeExpense	181,260us-gaap_GeneralAndAdministrativeExpense	178,230us-gaap_GeneralAndAdministrativeExpense
Interest & service charges	3,120us-gaap_FinancialServicesCosts	16,132us-gaap_FinancialServicesCosts	6,431us-gaap_FinancialServicesCosts	18,847us-gaap_FinancialServicesCosts
Insurance	38,867us-gaap_GeneralInsuranceExpense	87,448us-gaap_GeneralInsuranceExpense	95,570us-gaap_GeneralInsuranceExpense	189,820us-gaap_GeneralInsuranceExpense
Depreciation	12,417us-gaap_Depreciation	14,455us-gaap_Depreciation	24,834us-gaap_Depreciation	29,241us-gaap_Depreciation
Accretion	33,692us-gaap_AccretionExpense	30,683us-gaap_AccretionExpense	67,384us-gaap_AccretionExpense	61,366us-gaap_AccretionExpense
Income and other taxes	0us-gaap_IncomeTaxExpenseBenefit	7,389us-gaap_IncomeTaxExpenseBenefit	0us-gaap_IncomeTaxExpenseBenefit	7,389us-gaap_IncomeTaxExpenseBenefit
Write down of mineral property	0us-gaap_AssetImpairmentCharges	0us-gaap_AssetImpairmentCharges	357,400us-gaap_AssetImpairmentCharges	0us-gaap_AssetImpairmentCharges
Total Expenses	4,599,670us-gaap_OperatingExpenses	2,574,876us-gaap_OperatingExpenses	7,612,491us-gaap_OperatingExpenses	4,554,900us-gaap_OperatingExpenses
Net Loss before other items	4,529,414us-gaap_OperatingIncomeLoss	2,526,290us-gaap_OperatingIncomeLoss	7,509,130us-gaap_OperatingIncomeLoss	4,491,217us-gaap_OperatingIncomeLoss
Other items
Gain on sale of marketable securities	0us-gaap_MarketableSecuritiesGainLoss	0us-gaap_MarketableSecuritiesGainLoss	(31,975)us-gaap_MarketableSecuritiesGainLoss	0us-gaap_MarketableSecuritiesGainLoss
Net Loss	4,529,414us-gaap_NetIncomeLoss	2,526,290us-gaap_NetIncomeLoss	7,477,155us-gaap_NetIncomeLoss	4,491,217us-gaap_NetIncomeLoss
Other comprehensive loss (gain)
Foreign currency translation adjustment	78,887	(10,875)	100,806	23,629
Unrealized loss on available-for-sale-securities	1,183	108,591	124,848	3,798
Total Comprehensive Loss for the Period	$ 4,609,484us-gaap_ComprehensiveIncomeNetOfTax	$ 2,624,006us-gaap_ComprehensiveIncomeNetOfTax	$ 7,702,809us-gaap_ComprehensiveIncomeNetOfTax	$ 4,518,644us-gaap_ComprehensiveIncomeNetOfTax
Loss per Common share
Basic (in dollars per share)	$ 0.03us-gaap_EarningsPerShareBasic	$ 0.02us-gaap_EarningsPerShareBasic	$ 0.05us-gaap_EarningsPerShareBasic	$ 0.03us-gaap_EarningsPerShareBasic
Diluted (in dollars per share)	$ 0.03us-gaap_EarningsPerShareDiluted	$ 0.02us-gaap_EarningsPerShareDiluted	$ 0.05us-gaap_EarningsPerShareDiluted	$ 0.03us-gaap_EarningsPerShareDiluted
Weighted Average Number of Common Shares Used in Per Share Calculations
Basic (in shares)	161,966,494	155,731,068	161,522,589	155,731,068
Diluted (in shares)	161,966,494	155,731,068	161,522,589	155,731,068

Condensed Consolidated Interim Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) [Abstract]
Net Loss	$ (4,529,414)us-gaap_NetIncomeLoss	$ (2,526,290)us-gaap_NetIncomeLoss	$ (7,477,155)us-gaap_NetIncomeLoss	$ (4,491,217)us-gaap_NetIncomeLoss
Adjustment for:
Depreciation	12,417us-gaap_Depreciation	14,455us-gaap_Depreciation	24,834us-gaap_Depreciation	29,241us-gaap_Depreciation
Stock based compensation	18,055us-gaap_ShareBasedCompensation	23,370us-gaap_ShareBasedCompensation	41,438us-gaap_ShareBasedCompensation	120,836us-gaap_ShareBasedCompensation
Write-down of mineral properties	0us-gaap_AssetImpairmentCharges	0us-gaap_AssetImpairmentCharges	357,400us-gaap_AssetImpairmentCharges	0us-gaap_AssetImpairmentCharges
Accretion expense	33,692us-gaap_AccretionExpense	30,683us-gaap_AccretionExpense	67,384us-gaap_AccretionExpense	61,366us-gaap_AccretionExpense
Change in reclamation			(1,477)pzg_ChangeInReclamation	(1,909)pzg_ChangeInReclamation
Insurance expense			24,523	122,607
Non cash gain on sale of marketable securities			(31,975)	0
(Increase) decrease in accounts receivable			(93,382)	(119,030)
(Increase) decrease in prepaid expenses			(108,075)	(257,718)
Increase (decrease) in accounts payable			960,515	(12,764)
Cash used in operating activities			(6,235,970)	(4,548,588)
Sale (purchase) of marketable securities			462,075	(49,950)
Net proceeds from sale of royalty interest			5,225,000	0
Purchase of equipment			0	(2,204)
Cash provided by (used in) investing activities			5,687,075	(52,154)
Issuance of capital stock			2,604,151	0
Cash provided by financing activities			2,604,151	0
Effect of exchange rate changes on cash			(100,806)	(23,629)
Change in cash during period			1,954,450	(4,624,371)
Cash at beginning of period			5,107,691	11,524,051
Cash at end of period	7,062,141	6,899,680	7,062,141	6,899,680
Supplemental Cash Flow Disclosure
Cash	6,530,568us-gaap_Cash	2,096,296us-gaap_Cash	6,530,568us-gaap_Cash	2,096,296us-gaap_Cash
Cash Equivalents	$ 531,573us-gaap_CashEquivalentsAtCarryingValue	$ 4,803,384us-gaap_CashEquivalentsAtCarryingValue	$ 531,573us-gaap_CashEquivalentsAtCarryingValue	$ 4,803,384us-gaap_CashEquivalentsAtCarryingValue

Condensed Consolidated Interim Balance Sheets (Unaudited) (USD $)	Dec. 31, 2014	Jun. 30, 2014
Current Assets
Cash and cash equivalents	$ 7,062,141	$ 5,107,691
Amounts receivable	1,491,572us-gaap_AccountsReceivableNetCurrent	1,398,190us-gaap_AccountsReceivableNetCurrent
Prepaid and deposits	358,481pzg_PrepaidAndDeposits	250,406pzg_PrepaidAndDeposits
Prepaid insurance, current portion (Note 10)	49,043us-gaap_PrepaidInsurance	122,607us-gaap_PrepaidInsurance
Marketable securities (Note 2)	5,151	560,099
Total Current Assets	8,966,388us-gaap_AssetsCurrent	7,438,993us-gaap_AssetsCurrent
Non-Current Assets
Mineral properties (Note 7)	46,293,398us-gaap_MineralPropertiesNet	51,875,798us-gaap_MineralPropertiesNet
Property and equipment (Note 8)	352,882us-gaap_PropertyPlantAndEquipmentNet	377,716us-gaap_PropertyPlantAndEquipmentNet
Prepaid insurance, non current portion (Note 10)	49,041us-gaap_PrepaidExpenseOtherNoncurrent	0us-gaap_PrepaidExpenseOtherNoncurrent
Reclamation bond (Note 10)	2,535,580pzg_ReclamationBond	2,626,538pzg_ReclamationBond
Total Non-Current Assets	49,230,901us-gaap_AssetsNoncurrent	54,880,052us-gaap_AssetsNoncurrent
Total Assets	58,197,289us-gaap_Assets	62,319,045us-gaap_Assets
Current Liabilities
Accounts payable and accrued liabilities	1,353,267us-gaap_AccountsPayableCurrent	392,752us-gaap_AccountsPayableCurrent
Total Current Liabilities	1,353,267us-gaap_LiabilitiesCurrent	392,752us-gaap_LiabilitiesCurrent
Non-Current Liabilities
Reclamation and environmental obligation (Note 10)	1,266,015	1,291,066
Total Liabilities	2,619,282us-gaap_LiabilitiesNoncurrent	1,683,818us-gaap_LiabilitiesNoncurrent
Stockholders' Equity
Capital Stock, par value $0.001 per share; authorized 200,000,000 shares, 162,027,422 issued and outstanding at December 31, 2014 and 159,170,859 shares issued and outstanding at June 30, 2014	161,820us-gaap_CommonStockValue	159,209us-gaap_CommonStockValue
Additional paid in capital	174,698,111us-gaap_AdditionalPaidInCapital	172,096,571us-gaap_AdditionalPaidInCapital
Contributed surplus	14,751,957us-gaap_OtherAdditionalCapital	14,710,519us-gaap_OtherAdditionalCapital
Deficit accumulated during the exploration stage	(133,756,701)	(126,279,546)
Accumulated other comprehensive income (loss)	(277,180)	(51,526)
Total Stockholders' Equity	55,578,007us-gaap_StockholdersEquity	60,635,227us-gaap_StockholdersEquity
Total Liabilities and Stockholders' Equity	$ 58,197,289	$ 62,319,045