NG
NovaGold Resources Inc.9.69
-0.15-1.52%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details BFS, pipeline progress
Q&A largely reaffirmed the prepared remarks on Donlin progress and finances, but Greg Lang added color on key next steps. Open talks with Glenfarm position them to build and operate the gas pipeline, with Alaska announcements eyed soon. A select RFP process targets top-capacity firms for the 18-month bankable feasibility study, news imminent. Strip ratio edged up from slope flattening and dilution views, set for BFS revisit. Tailings design is finalized and stable. Exploration defers until post-BFS. Pipeline financing matters for the thesis.
Key Stats
Market Cap
3.94BP/E (TTM)
-Basic EPS (TTM)
-0.25Dividend Yield
0%Recent Filings
8-K
Awards engineering contracts for Donlin BFS
NOVAGOLD and Paulson awarded contracts on March 12, 2026, to WSP, Worley, and Hatch for Donlin Gold's BFS update, targeting the 215 MW power plant, 316-mile gas pipeline, and POX circuit. This bolsters parallel workstreams under Fluor's lead, sharpening cost accuracy and risk control. Team assembles fast. BFS targets 2027 completion amid permitting hurdles.
8-K
Fluor leads Donlin BFS
NOVAGOLD and Paulson selected Fluor to lead the Bankable Feasibility Study for the Donlin Gold project in Alaska, announced January 8, 2026. Fluor integrates specialist contractors on power, pipeline, and processing scopes for a 2027 completion. Execution-focused. Risks include permitting and financing hurdles.
8-K
Closes $310M share offering
NOVAGOLD closed a bought deal private placement on February 5, 2026, issuing 31,020,000 common shares at US$10.00 each for US$310.2M gross proceeds, including partial over-allotment exercise. Net proceeds fund Donlin Gold expenditures, prepayment of its Barrick promissory note, and general purposes—yet shares face a 6-month hold. Cash bolsters development runway.
8-K
FY2025 results, Donlin advances
NOVAGOLD reported FY2025 results with $115.1M cash, $94.7M net loss driven by a $39.6M non-cash warrant charge, and $36.5M cash expenditures. Key highlight: June 3, 2025 $1B deal boosted Donlin Gold stake to 60%, triggering BFS RFPs with prime contractor selection due Q1 2026. Hired veteran Project Director Frank Arcese. Donlin's 2026 budget hits $131.4M.
10-K
FY2025 results
NOVAGOLD closed its $200M buyout of Barrick's stake in Donlin Gold on June 3, boosting its economic interest to 60% while sharing equal governance—yet funding its larger slice. FY2025 net loss hit $94.7M, up from $45.6M, driven by $39.6M non-cash warrant expense from backstop financing and higher Donlin Gold field costs amid a 18,454m Q4 drill program refining mine plans for the upcoming BFS. Cash swelled to $120M post $260M equity raise, covering $78.8M Donlin Gold spend and $19.7M G&A in FY2026. Donlin Gold's board approved a $131.4M FY2026 budget. Momentum builds, but permitting delays from tailings litigation risk quarterly progress.
GLDG
GoldMining Inc.
1.31-0.02
GORO
Gold Resource Corporation
0.88+0.01
KDKGF
Klondike Gold Corp.
0.07+0.00
NCAUF
Newcore Gold Ltd.
0.46+0.00
NFGC
New Found Gold Corp
2.72-0.05
NGD
New Gold Inc.
8.23+0.01
NGLD
Nevada Canyon Gold Corp
0.58-0.07
NVA
Nova Minerals Limited
8.14+0.00
USGDF
American Pacific Mining Corp.
0.12-0.01
ZCRMF
GOLDEN CROSS RES INC.
0.21-0.02