NOVAGOLD reports Q2 net loss of $14.6M; advances Donlin Gold fieldwork with 63% local hires

NOVAGOLD RESOURCES INC

Net loss of $14.6M ($0.04/sh) vs $15.0M in Q2'22; G&A $5.5M, share of Donlin Gold loss $7.5M.
Cash & term deposits $109M at May 31; additional $25M receivable from Newmont due July 2023.
Donlin Gold field program 63% directly hired from Y-K region; air quality permit expected by June 30, 2023.
2023 outlook: spend ~$31M total, including $17M for Donlin Gold; project advancing toward construction decision.
Earthjustice appeals ROW lease to Alaska Supreme Court; new federal lawsuit filed April 2023 - Donlin Gold intervenors.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NOVAGOLD RESOURCES INC reported financial results for second quarter 2023.

Period: second quarter 2023
Result: reported results

Exact text from the filing

On June 27, 2023, NOVAGOLD Resources Inc. (“we” or the “Company”) issued a press release announcing our financial results for the fiscal quarter ended May 31, 2023.

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Source: SEC EDGAR

accession 0001171843-23-004189

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