---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-25-001906"
form_type: "8-K"
ticker: "NG"
cik: "0001173420"
company_name: "NOVAGOLD RESOURCES INC"
filed_at: "2025-04-01T23:59:59+00:00"
generated_at: "2026-05-24T00:20:28.020589+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# NOVAGOLD Q1 net loss $9.1M; cash $93M; Donlin Gold drilling underway

## Summary
- Cash and term deposits $93M as of Feb 28, 2025; net cash spend $8.3M in Q1.
- Net loss of $9.1M ($0.03 EPS) reflecting development-stage spending in line with budget.
- Donlin Gold 2025 field program started; ~15,000m of drilling planned, 3 rigs active.
- FY2025 cash expenditure budget $37.5M ($21.5M Donlin, $16M G&A); funded for ~2 years.
- Permit litigation: oral argument on federal 404 permit remedy scheduled April 14, 2025.

## SEC filing metadata
- accession: 0001171843-25-001906
- form_type: 8-K
- ticker: NG
- cik: 0001173420
- company_name: NOVAGOLD RESOURCES INC
- filed_at: 2025-04-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1173420/000117184325001906/0001171843-25-001906-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1173420/000117184325001906/f8k_040125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-25-001906
- JSON: https://secwatch.observer/filing/0001171843-25-001906.json
- Plain text: https://secwatch.observer/filing/0001171843-25-001906.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.