Novagold Q4 2021 Earnings Report

Released its 2021 year-end financial results and an update on its Tier One gold development project, Donlin Gold.

Key Takeaways

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.

Drill program was successful with assay results returning significant high-grade intercepts.

Largest Planned Budget in 2022 for Donlin Gold in Over a Decade

Donlin Gold project was successful in securing a third extension of the air quality permit issued by the State of Alaska.

NOVAGOLD established the NOVAGOLD Mining and Geological Engineering Scholarship at the University of Alaska

Previous year: -$0.02

+50.0%

Cash and Equivalents