Novagold Earnings Reports

In Q3 2025, Novagold completed a major acquisition to increase its stake in Donlin Gold and began preparations for a Bankable Feasibility Study. The company ended the quarter with $125 million in cash but posted a net loss of $15.6 million as it remains in the development stage with no production revenue.

NOVAGOLD posted a net loss of $54.3 million in Q2 2025, largely due to a $39.6 million non-cash charge related to expired warrants. The company strengthened its treasury through a $234 million equity raise and expanded its stake in Donlin Gold to 60%.

In Q1 2025, Novagold reported no revenue and a net loss of $9.1 million, in line with expectations for a development-stage company. Cash and cash equivalents decreased due to ongoing project funding and administrative costs. The company remains focused on advancing the Donlin Gold project through field activities and community engagement, with a solid treasury supporting future operations.

NOVAGOLD filed its 2024 fiscal year-end report, holding approximately $101 million in cash and term deposits. The company reported net annual cash expenditures of $24.5 million, including funding for the Donlin Gold project and corporate costs. Earnings for the year were ($45.6) million, with earnings per share of ($0.14).

NOVAGOLD released its 2024 third quarter financial results, highlighting progress on the Donlin Gold project and a strong treasury of approximately $106 million in cash and term deposits.

NOVAGOLD reported its Q2 2024 financial results, showcasing a decrease in net loss compared to the previous year due to lower Donlin Gold expenses, increased interest income, and gains in marketable securities. The company's treasury remains strong at $113 million. NOVAGOLD is focused on advancing the Donlin Gold project towards an updated feasibility study and construction decision.

NOVAGOLD reported its first quarter 2024 financial results, highlighting a strong treasury of $118 million in cash and term deposits. The company is focused on advancing the Donlin Gold project, engaging with local communities, and maintaining permits.

NOVAGOLD reported its fiscal year 2023 financial results, highlighting a strong treasury of $126 million in cash and term deposits and continuous work at the Donlin Gold project to enhance its value and visibility. The company's net loss decreased, and it is focused on advancing the Donlin Gold project with ongoing fieldwork, permitting, and community engagement.

NOVAGOLD reported its Q3 2023 financial results, highlighting the successful completion of the 2023 field program and an increase in cash and term deposits to $130 million. The company continues to advance the Donlin Gold project, focusing on engineering excellence, environmental stewardship, and community engagement.

NOVAGOLD reported its second quarter 2023 financial results, highlighting advancements in the Donlin Gold project and a strong treasury position. Activities focused on updating geologic and resource models, analyzing project assumptions, and advancing fieldwork and geotechnical drilling. The company also maintained support among stakeholders and progressed permit applications.

NOVAGOLD reported a net loss of $10.7 million for Q1 2023. The Donlin Gold project camp re-opened in the first quarter of 2023 to continue fieldwork. The company's treasury remains robust with $116.2 million in cash and term deposits as of February 28, 2023.

NOVAGOLD released its 2022 fiscal year financial results, highlighting the successful 2022 drill program at Donlin Gold and a healthy treasury of $126 million in cash and term deposits.

NOVAGOLD released its 2022 third quarter financial results, highlighting the advancement of the Donlin Gold project and a robust treasury of $132 million in cash and term deposits, with $25 million of receivables in 2023.

NOVAGOLD released its Q2 2022 financial results and provided an update on its Donlin Gold project, highlighting the largest drill program in over 10 years and a strong treasury with $142 million in cash and term deposits.

NOVAGOLD reported a net loss of $10.0 million for the first quarter of 2022, compared to a net loss of $8.0 million for the comparable period in 2021. The increase in net loss is primarily attributed to the earlier commencement of the Donlin Gold drilling program in 2022, and reduced accretion income. The Company's treasury remained strong with $155 million in cash and term deposits as of February 28, 2022.

NOVAGOLD reported a net loss of $10.3 million for the fourth quarter of 2021, compared to a net loss of $7 million for the same period in 2020. The company's cash position as of November 30, 2021, was $91.1 million, with term deposits of $78 million, for a total of $169.1 million.

NOVAGOLD released its 2021 third quarter financial results and an update on its Donlin Gold project. The Donlin Gold LLC Board approved an additional $3 million for 2021 to advance studies and increase staffing needed to lay the foundation for a new feasibility study. As of the end of the third quarter, NOVAGOLD had more than $170 million in cash and term deposits.

NOVAGOLD released its 2021 second quarter financial results and an update on its Donlin Gold project, highlighting the progress of the 2021 drill program, expanded community support, secured key permits, and maintained a robust financial position.

NOVAGOLD reported its Q1 2021 financial results, highlighting the successful completion of the 2020 drill program at Donlin Gold with outstanding assay results and strengthened community engagement. The company has a strong treasury with $114 million in cash and term deposits and expects to receive an additional $75 million in July 2021.

NOVAGOLD released its 2020 year-end financial results, highlighting the successful completion of a comprehensive drill program at Donlin Gold despite challenges posed by the COVID-19 pandemic. The company also emphasized its commitment to supporting local communities and advancing the Donlin Gold project towards a construction decision.

NOVAGOLD released its 2020 third quarter financial results, highlighting the completion of the planned drilling for 2020 at the Donlin Gold project and the maintenance of strict COVID-19 health and safety measures. The company's treasury remains robust due to prudent fiscal management.

NOVAGOLD released its 2020 second quarter financial results and provided an update on its Donlin Gold project. The Donlin Gold drill program was resumed with four re-mobilized rigs, maintaining a strong focus on COVID-19 health and safety measures. The company continues to support communities in the Yukon-Kuskokwim region.

NOVAGOLD released its 2020 first quarter financial results, highlighting achievements at the Donlin Gold project in Alaska, including the initiation of a project optimization drill program and receipt of multiple state permits and authorizations, all while maintaining a strong financial position and implementing COVID-19 precautions.