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Novagold Resources Inc New (NG)
:NG
Earnings Data
Report Date
Apr 07, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.03Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents significant operational and strategic progress: increased ownership and alignment with a deep-pocketed partner (Paulson), strong on-site activity (18,000 m drilling, local hiring, high-grade results), a robust treasury after recent financings, finalized tailings design and validated permitting work to date. Key near-term catalysts include announcing the BFS engineer and completing an ~18 month BFS. Major risks include fiscal 2025 net losses (including a $39.6M one-time noncash charge), a court-mandated supplemental EIS that adds permitting work and potential timing risk, slightly higher strip ratio noted in the technical update, and substantial 2026 expenditures (~$98.5M) with further large-scale financing required to build the project. On balance the positives around asset scale, jurisdiction, partner support, technical progress and funding activity outweigh the near-term financial and regulatory challenges.Company Guidance
Increased Ownership and Strategic Partnership
NovaGold now holds a 60% interest in Donlin Gold following the transaction with Barrick and Paulson; John Paulson invested significantly and the partnership provides strategic depth and enhanced access to financing opportunities.
Strong Treasury and Financing Activity
Treasury increased by $13.9 million during fiscal 2025 to $115.1 million year-end; company closed a public offering and private placement generating net proceeds of $259.6 million.
Major On-Site Activity and Drilling Program
Completed an 18,000 meter drill program in 2025 with impeccable safety performance; program produced high-grade results including intercepts over 26 g/t and will support resource conversion and design inputs.
Large, High-Quality Resource with Strong Production Profile
Donlin hosts ~40–45 million ounces in total resources (company references both 40 and 45 million ounces) at a robust grade of ~2.25 g/t; projected production averages over 1 million ounces per year with first 10 years averaging ~1.3 million oz/year and a multi-decade mine life.
Permitting Progress and Legal Validation
Federal permitting is complete (with a court remand for supplemental study) and state permitting is substantially complete; court rulings to date have validated that agencies prepared thorough EIS and permit documentation.
Tailings Design is Finalized and State Submissions Made
Tailings dam designed as a downstream rock structure, fully lined and anchored to bedrock (company states the design is finalized and submitted to the state), reducing anticipated material design risk.
Local Hiring and Community Engagement
More than 80% of site employees were hired from nearby villages; company finalized shared value statements with additional villages bringing the total to 20 and completed local restoration work, demonstrating strong community involvement.
Near-Term Technical and Project Execution Plans
Expect to announce the engineering firm for the bankable feasibility study (BFS) within weeks; BFS expected to take ~18 months; Frank Arquise hired as project manager; exploration optionality remains (only ~5% of land package explored, 95% unexplored).
Institutional Support and Concentrated Shareholder Base
Top 10 shareholders represent almost two-thirds (~66%) of outstanding stock, providing stable, long-term institutional backing.
Fiscal Discipline vs Guidance
2025 cash expenditures were $41.2 million, which was $0.8 million (800k) below 2025 guidance.
NG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 22, 2026 | $9.99 | $10.49 | +5.01% |
Oct 01, 2025 | $8.80 | $10.12 | +15.00% |
Jun 25, 2025 | $3.90 | $3.70 | -5.13% |
Apr 01, 2025 | $2.92 | $2.98 | +2.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Novagold Resources Inc New (NG) report earnings?
Novagold Resources Inc New (NG) is schdueled to report earning on Apr 07, 2026, After Close (Confirmed).
What is Novagold Resources Inc New (NG) earnings time?
Novagold Resources Inc New (NG) earnings time is at Apr 07, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NG EPS forecast?
NG EPS forecast for the fiscal quarter 2026 (Q1) is -0.05.