earnings
confidence high
sentiment positive
materiality 0.75
NOVAGOLD posts Q3 loss $15.6M; completes $1B Donlin Gold acquisition, now 60% owner
NOVAGOLD RESOURCES INC
- Net loss $15.6M ($0.04 EPS) for Q3 Aug 31, 2025; no revenue as development-stage company.
- Completed $1B acquisition of Barrick Mining's 50% stake in Donlin Gold; NOVAGOLD increased ownership to 60% for $200M.
- Ended Q3 with $125M cash/term deposits after raising $260M in public/private offerings.
- Issued RFP for Bankable Feasibility Study; 18,454m drill program completed with intervals up to 23.49 g/t gold.
- Federal District Court upheld most permits; water rights cases pending Alaska Supreme Court decisions in 2025.