Novagold Resources Stock Earnings Reports

NovaGold completed a strategic ownership increase at Donlin Gold (now reflecting the company’s 60% project interest) and advanced site work and permitting toward a bankable feasibility study (BFS). Operationally, NovaGold finished an 18,000+ meter drill program with high‑grade intercepts (top intervals up to ~23 g/t) that management says will be incorporated into the updated geologic model supporting the BFS. Key project attributes highlighted: very high grade (~2.25 g/t), large scale (first 10 years ~1.4M oz/year; ~27–28 year mine life), substantial unexplored district upside (only ~5% explored), life‑of‑mine agreements with two Alaska Native corporations, federal permits in hand, and the state tailings/water retention preliminary design submitted. Financials: Q3 net loss of $15.6M, treasury fell to ~$125.2M primarily due to the cost of the additional 10% Donlin purchase (consideration and transaction costs of ~$210.1M capitalized), May over‑allotment exercise added ~$25.5M, and NovaGold’s pro rata share of Donlin’s 2025 $43M budget increased to ~$24M. Guidance/near‑term catalysts: award BFS contract by year end, release remaining drill assays, advance financing discussions, and continue to support state/federal agencies defending permits (Alaska Supreme Court decisions expected in 2026; federal NEPA supplementation ongoing). Management expects a re‑rating driven by the new Paulson investor alignment and believes Donlin’s U.S. jurisdiction and scale materially enhance financing optionality (including potential sovereign/strategic financing). Corporate G&A guidance was raised to ~$18M for 2025 reflecting higher professional fees post‑transaction.