Earnings summaries and quarterly performance for NOVAGOLD RESOURCES.
Executive leadership at NOVAGOLD RESOURCES.
Board of directors at NOVAGOLD RESOURCES.
AE
Ali Erfan
Detailed
Director
DM
Daniel Muñiz Quintanilla
Detailed
Director
DW
Dawn Whittaker
Detailed
Director
ED
Elaine Dorward-King
Detailed
Lead Independent Director
ES
Ethan Schutt
Detailed
Director
HK
Hume Kyle
Detailed
Director
KM
Kalidas Madhavpeddi
Detailed
Director
KM
Kevin McArthur
Detailed
Director
TK
Thomas Kaplan
Detailed
Chair of the Board
Research analysts who have asked questions during NOVAGOLD RESOURCES earnings calls.
Fedor Shabalin
B. Riley Securities
2 questions for NG
Also covers: ABTC, BITF, BTDR +4 more
Raj Ray
BMO Capital Markets
2 questions for NG
Also covers: AU, CGAU, GAU +1 more
SI
Soundarya Iyer
B. Riley Securities
2 questions for NG
Also covers: EXK, SMR
LP
Lucas Pipes
B. Riley Securities
1 question for NG
Also covers: AA, AMR, AMRK +21 more
Nick Giles
B. Riley Securities
1 question for NG
Also covers: AA, AMR, APLD +25 more
RN
Rabi Nizami
National Bank Financial
1 question for NG
Recent press releases and 8-K filings for NG.
NOVAGOLD announces closing of upsized bought deal
NG
New Projects/Investments
- NOVAGOLD RESOURCES INC. closed an upsized bought deal private placement on February 5, 2026, issuing 31,020,000 common shares at US$10.00 per share for gross proceeds of approximately US$310 million.
- The offering included the partial exercise of the over-allotment option and involved two cornerstone investors.
- The net proceeds are intended for expenditures related to Donlin Gold activities, settlement of the prepayment option on the promissory note with Barrick Mining Corporation, and general corporate purposes.
- The common shares are subject to a minimum 6-month hold period from the closing date under applicable securities laws.
1 day ago
NOVAGOLD closes upsized bought deal private placement
NG
New Projects/Investments
- NOVAGOLD RESOURCES INC. closed an upsized bought deal private placement on February 5, 2026, raising approximately US$310 million.
- The placement involved 31,020,000 common shares at a price of US$10.00 per share.
- Net proceeds will be used for Donlin Gold activities and to settle a $100 million prepayment option on a promissory note with Barrick Mining Corporation.
1 day ago
NOVAGOLD Increases Bought Deal Private Placement to US$300 Million
NG
New Projects/Investments
- NOVAGOLD has increased its previously announced bought deal private placement to 30,000,000 common shares at US$10.00 per share, aiming for gross proceeds of approximately US$300 million, including a US$140 million cornerstone order from a leading European institution.
- An over-allotment option granted to underwriters could generate up to an additional US$45 million, potentially increasing the total gross proceeds to approximately US$345 million.
- The net proceeds from the offering are intended for expenditures associated with Donlin Gold activities, settlement of the company's prepayment option on a promissory note with Barrick Mining Corporation, and general corporate purposes.
- The promissory note with Barrick amounted to approximately $166.3 million as of November 30, 2025, and includes an option for NOVAGOLD to prepay it for $100 million on or before December 3, 2026.
- The offering is expected to close on or about February 5, 2026, subject to necessary regulatory approvals.
Jan 23, 2026, 2:37 PM
NOVAGOLD Announces US$200 Million Financing
NG
New Projects/Investments
- NOVAGOLD RESOURCES INC. has entered into an agreement for a private placement of 20,000,000 common shares at US$10.00 per share, aiming to raise US$200 million in gross proceeds.
- The offering includes a US$140 million cornerstone order from a leading European institution and an over-allotment option that could increase gross proceeds by up to an additional US$30 million.
- The net proceeds are intended for Donlin Gold activities, settlement of a US$100 million prepayment option on a promissory note with Barrick Mining Corporation, and general corporate purposes.
- The offering is expected to close on or about February 5, 2026, subject to necessary regulatory approvals.
Jan 22, 2026, 9:19 PM
NOVAGOLD Reports Q4 and FY 2025 Results, Plans for Donlin Gold BFS
NG
Earnings
Guidance Update
New Projects/Investments
- NOVAGOLD reported a net loss of $15.6 million for Q4 2025 and $94.7 million for fiscal year 2025, which included a $39.6 million non-cash charge.
- The company's treasury increased by $13.9 million in fiscal 2025, reaching $115.1 million by year-end, following $259.6 million in net proceeds from offerings and the acquisition of an additional 10% of Donlin Gold for $210.1 million.
- NOVAGOLD's anticipated expenditures for 2026 are approximately $98.5 million, with $78.8 million allocated to its 60% share of Donlin Gold expenditures and $19.7 million for corporate G&A.
- The company expects to announce an engineering firm for the bankable feasibility study (BFS) for the Donlin Gold project within weeks, with the study projected to take about 18 months to complete.
- A non-binding letter of intent was signed with Glenfarne Group to advance discussions on a supply agreement for a gas pipeline to the Donlin project.
Jan 22, 2026, 4:00 PM
NovaGold Reports Q4 and Full-Year 2025 Financial Results and Donlin Gold Project Updates
NG
Earnings
New Projects/Investments
Guidance Update
- NovaGold reported a net loss of $15.6 million for Q4 2025 and a net loss of $94.7 million for fiscal year 2025, the latter including a $39.6 million non-cash charge.
- The company's treasury stood at $115.1 million at the end of fiscal 2025, an increase of $13.9 million during the year, driven by $259.6 million in net proceeds from a public offering and private placement.
- NovaGold increased its interest in the Donlin Gold project from 50% to 60% at the start of Q3 2025, with acquisition costs of $210.1 million.
- Anticipated expenditures for 2026 are approximately $98.5 million, comprising $78.8 million for Donlin Gold and $19.7 million for corporate G&A.
- The Donlin Gold project, positioned as potentially America's largest single gold mine, has 45 million ounces in resources, significant exploration potential, and substantially completed permitting.
Jan 22, 2026, 4:00 PM
NOVAGOLD Reports Q4 and Full-Year 2025 Results, Advances Donlin Gold Project
NG
Earnings
New Projects/Investments
Guidance Update
- NOVAGOLD reported a net loss of $15.6 million for Q4 2025 and $94.7 million for the full fiscal year 2025, ending the year with a treasury of $115.1 million.
- The company increased its stake in the Donlin Gold project to 60% in 2025 and anticipates $98.5 million in expenditures for 2026, with $78.8 million allocated to Donlin Gold activities.
- Development at Donlin Gold includes a completed 18,000-meter drill program in 2025, substantial completion of state permitting, and the initiation of a Bankable Feasibility Study (BFS) expected to take approximately 18 months.
- NOVAGOLD signed a non-binding Letter of Intent (LOI) with Glenfarne Group for a gas supply agreement to support the Donlin Gold project and highlighted the strategic alignment with John Paulson, who invested $800 million for a 40% stake in Donlin.
Jan 22, 2026, 4:00 PM
NOVAGOLD Files 2025 Year-End Report, Details Donlin Gold Transaction and Project Advancement
NG
Earnings
M&A
New Projects/Investments
- NOVAGOLD completed a $1 billion transaction on June 3, 2025, to acquire Barrick Mining Corporation’s 50% interest in Donlin Gold LLC, increasing its ownership to 60%.
- As of November 30, 2025, the company held approximately $115.1 million in cash and term deposits , having strengthened its financial position with approximately $260 million in aggregate financing from a public offering and private placement.
- Donlin Gold issued Requests for Proposals (RFPs) for its Bankable Feasibility Study (BFS), with a Prime Contractor expected to be selected in the first quarter of 2026, and approved a 2026 budget of $131.4 million (100% basis), with NOVAGOLD's share being $78.8 million.
- For the fiscal year ended November 30, 2025, NOVAGOLD reported earnings of ($94.7) million and earnings per share of ($0.25), primarily due to a non-cash, non-recurring charge.
- Key regulatory milestones included the Alaska Supreme Court affirming water rights permits on November 14, 2025, and the Alaska Superior Court upholding the 401 Certification on May 6, 2025, though a supplemental Environmental Impact Statement is scheduled for completion by mid-2027.
Jan 22, 2026, 1:10 PM
NOVAGOLD Appoints Project Director for Donlin Gold Project
NG
Management Change
New Projects/Investments
Hiring
- NOVAGOLD RESOURCES INC. has appointed Frank Arcese as Project Director for Donlin Gold LLC to strengthen the team for the upcoming Bankable Feasibility Study (BFS) and project development.
- Mr. Arcese brings over four decades of global project leadership and extensive experience in executing large-scale mining capital projects, including in remote environments.
- The Donlin Gold project, which Mr. Arcese will oversee, is described as one of the largest and highest-grade open-pit gold deposits globally, with an expected average production of over one million ounces per year over a 27-year mine life.
Jan 14, 2026, 1:53 AM
NOVAGOLD's Donlin Gold Project Secures Natural Gas LOI and Advances Feasibility Study
NG
New Projects/Investments
Guidance Update
- NOVAGOLD RESOURCES INC. (NOVAGOLD), through its 60% owned Donlin Gold LLC, signed a non-binding Letter of Intent (LOI) with Glenfarne Alaska LNG, LLC for natural gas supply to the Donlin Gold project.
- The LOI outlines a potential natural gas sales agreement for up to 50 million cubic feet of natural gas per day and cooperation on developing a 316-mile natural gas pipeline to power the proposed mine, aiming to reduce fuel costs and optimize logistics.
- Donlin Gold is advancing the selection of a prime contractor for its Bankable Feasibility Study (BFS), with selection expected in the first quarter of 2026.
- The Donlin Gold project is anticipated to produce an average of more than one million ounces of gold per year over a 27-year mine life once in production.
Jan 9, 2026, 6:18 AM
Quarterly earnings call transcripts for NOVAGOLD RESOURCES.
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