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Novagold Resources New ( (TSE:NG) ) has provided an announcement.
On May 6, 2025, the Alaska Superior Court upheld the Alaska Department of Environmental Conservation’s (ADEC) water quality certification for Donlin Gold’s proposed mine. This decision affirmed ADEC’s previous conclusions that the mine would not violate Alaska’s water quality standards, following a series of legal challenges and reviews initiated by Earthjustice on behalf of the Orutsararmiut Native Council.
Spark’s Take on TSE:NG Stock
According to Spark, TipRanks’ AI Analyst, TSE:NG is a Underperform.
NovaGold Resources’ stock score is primarily driven by its poor financial performance, marked by no revenue and negative equity. While technical momentum is strong, it’s offset by significant risks, including litigation and project delays. Valuation is weak due to negative earnings and no dividend yield.
To see Spark’s full report on TSE:NG stock, click here.
More about Novagold Resources New
Average Trading Volume: 366,727
Technical Sentiment Signal: Buy
Current Market Cap: C$1.94B
Find detailed analytics on NG stock on TipRanks’ Stock Analysis page.