NOVAGOLD Q1 net loss $10.7M; Donlin Gold advances fieldwork for updated feasibility study

NOVAGOLD RESOURCES INC

Net loss $10.7M vs $10.0M in Q1 2022; $0.03 loss per share unchanged.
Cash and term deposits $116.2M at Feb 28, 2023, down from $125.9M at Nov 30, 2022.
$25M receivable from Newmont due July 2023; additional $75M contingent payment on Galore Creek.
Donlin Gold re-opened camp, advancing geotechnical drilling for Alaska Dam Safety certificates.
2023 outlook: total spending ~$31M, including $17M for Donlin Gold share and $13M corporate G&A.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NOVAGOLD RESOURCES INC reported financial results for fiscal quarter ended February 28, 2023.

Period: fiscal quarter ended February 28, 2023
Result: reported results

Exact text from the filing

On April 4, 2023, NOVAGOLD Resources Inc. (“we” or the “Company”) issued a press release announcing our financial results for the fiscal quarter ended February 28, 2023.

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Source: SEC EDGAR

accession 0001171843-23-002134

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