earnings
confidence high
sentiment neutral
materiality 0.50
NOVAGOLD Q1 2024 net loss $10.3M; cash $117.5M; advancing Donlin Gold
NOVAGOLD RESOURCES INC
- Net loss $10.3M vs $10.7M YoY, EPS $(0.03) unchanged.
- Cash and term deposits $117.5M, down $8.2M from Nov 2023.
- 2024 outlook: expenditures ~$31.2M including $14.3M for Donlin Gold.
- Donlin Gold finalized 16th Shared Values Statement; advancing Dam Safety Certification.
- Multiple litigation appeals ongoing; Donlin Gold continues permitting work.