Earnings ·
Reports Q3 loss of $0.08 per share and updates on Donlin Gold acquisition
NGNovagold Resources Inc
NOVAGOLD Resources reported a net loss of $36.0 million, or $0.08 per share, for the fiscal quarter ended August 31, 2026, driven by higher general administrative expenses and Bankable Feasibility Study costs at its Donlin Gold project. The company held approximately $343.4 million in cash and term deposits as of quarter-end. NOVAGOLD also provided an update on its pending all-share transaction to acquire Paulson Advisers LLC's 40% interest in Donlin Gold, which is expected to close by year-end subject to shareholder and regulatory approvals. The company operates as a precious metals development company focused on the Donlin Gold project in Alaska.