NOVAGOLD RESOURCES (NG) Company Report

The 2025 Donlin Gold drill program yielded high-grade intercepts up to 26.22 g/t gold, providing key data for the upcoming Bankable Feasibility Study (BFS).
On November 14, 2025, the Alaska Supreme Court upheld Donlin Gold’s water rights and the State Right-Of-Way lease for its proposed natural gas pipeline, validating the state's review process.
Donlin Gold was accepted into the federal FAST-41 program on October 27, 2025, which is expected to enhance transparency and predictability in the federal permitting process for the supplemental environmental analysis.
The Bankable Feasibility Study (BFS) for the Donlin Gold project is expected to commence by the first quarter of 2026.

Nov 25, 2025, 6:47 PM

NOVAGOLD Files Third Quarter 2025 Report, Details Donlin Gold Acquisition and Project Advancement

M&A

New Projects/Investments

Guidance Update

NOVAGOLD successfully completed the $1 billion acquisition of Barrick Mining Corporation’s 50% interest in Donlin Gold on June 3, 2025, increasing its stake in Donlin Gold LLC to 60 percent for $200 million.
For the third quarter of 2025, the company reported earnings of ($15.6) million and earnings per share of ($0.04), holding approximately $125 million in cash and term deposits as of August 31, 2025.
NOVAGOLD's share of the Donlin Gold 2025 funding is expected to increase to $24 million, and corporate general and administrative costs are projected to rise to $18 million for 2025.
The company issued a Request for Proposals (RFP) for Donlin Gold’s Bankable Feasibility Study (BFS) and anticipates awarding the contract and commencing work before year-end.

Oct 1, 2025, 12:01 PM

NOVAGOLD Files Third Quarter 2025 Report and Updates on Donlin Gold Project

M&A

New Projects/Investments

Guidance Update

NOVAGOLD increased its ownership in Donlin Gold LLC to 60% on June 3, 2025, by acquiring an additional 10% interest for $200 million, as part of a $1 billion acquisition of Barrick Mining Corporation’s 50% interest.
The company strengthened its treasury with approximately $260 million in net proceeds from a public offering and concurrent private placement, reporting $125 million in cash and term deposits as of August 31, 2025.
For the third quarter ended August 31, 2025, NOVAGOLD reported earnings of ($15.6) million and earnings per share of ($0.04).
NOVAGOLD's share of Donlin Gold's 2025 funding is expected to increase to $24 million, and 2025 corporate general and administrative costs are projected to rise to $18 million.

Oct 1, 2025, 12:00 PM

NovaGold Advances Donlin Gold Project Development

New Projects/Investments

NovaGold Resources Inc. is progressing the development of its Donlin Gold project, which holds 39 million ounces of gold in measured and indicated resources.
Following a strategic Alaska site visit with partner Paulson, the company is moving towards a construction decision for the project, which could become America's largest gold mine.
Donlin Gold has awarded contracts to prepare Request for Proposals for an updated Bankable Feasibility Study, with expectations to select top-tier engineering firms by Q4 2025.

Aug 26, 2025, 1:28 PM

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Quarterly earnings call transcripts for NOVAGOLD RESOURCES.

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