NOVAGOLD’s 2025 Donlin Gold Drill Program Yields High-Grade Results

Novagold Resources New ( (TSE:NG) ) has shared an update.

NOVAGOLD Resources Inc. has announced significant progress in its 2025 Donlin Gold drill program, which has returned high-grade gold intercepts, reinforcing the project’s status as a major gold development. The drill program, following a $1 billion transaction with Paulson Advisers LLC, aims to convert resources and support a Bankable Feasibility Study (BFS), marking a critical step toward advancing the project. The results provide essential data for engineering and mine planning, with BFS bids expected from top-tier engineering firms by the fourth quarter of 2025.

The most recent analyst rating on (TSE:NG) stock is a Buy with a C$7.00 price target. To see the full list of analyst forecasts on Novagold Resources New stock, see the TSE:NG Stock Forecast page.

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

NOVAGOLD Resources Inc. operates in the mining industry, focusing on gold development projects. The company is primarily involved in the exploration and development of gold properties, with a significant emphasis on the Donlin Gold project, one of the largest gold development projects in the world, located in a stable and mining-friendly jurisdiction.

YTD Price Performance: 88.53%

Average Trading Volume: 482,023

Technical Sentiment Signal: Buy

Current Market Cap: C$3.81B

See more insights into NG stock on TipRanks’ Stock Analysis page.