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Novagold Resources Inc (NG)
:NG
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.03Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 23, 2025
|% Change Since: 0.62%
|Next Earnings Date:Apr 02, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted the strong potential and progress of the Donlin Gold project, with significant exploration and financial strengths. However, legal challenges, financial losses, and uncertainties regarding construction timelines pose notable concerns.Company Guidance
During the earnings call for Q4 2024, Greg Lang, President and CEO of NOVAGOLD, provided guidance on the Donlin Gold project, emphasizing its Tier 1 asset status with 39 million ounces at a grade of 2.25 grams per tonne, more than double the industry average. The project has a projected mine life of nearly three decades and is positioned as one of the industry's leading producers. Key activities in 2024 included technical work to update cost estimates, resource modeling, and extensive community engagement. Financially, NOVAGOLD reported a 2024 fiscal year loss of $45.6 million, with a cash and term deposits balance of $101.2 million as of November 30. The Board approved a 2025 budget of $43 million, focusing on drilling, mine planning, and permit defense. The ongoing efforts aim to enhance the project's value, with significant exploration potential and a strong social license through partnerships with Calista and TKC.Donlin Gold Project's Tier 1 Status
With 39 million ounces at a grade of 2.25 grams per tonne, more than double the industry average, and a projected mine life of nearly 3 decades, Donlin promises long-term, stable, and low-cost operating conditions.
Strong Partnerships and Permitting Success
Donlin Gold has secured all necessary federal permits and the majority of state permits, with strong partnerships with Calista and TKC reinforcing its social license.
Significant Exploration Potential
Donlin's existing resource occupies just 5% of its land package, highlighting the opportunity to increase ounces and extend the mine's life through further exploration.
Financial and Operational Milestones
Completed metallurgical test work and a pilot plant in Ontario, Canada, and ongoing technical work will serve as inputs into an updated feasibility study.
Strong Treasury and Budget for 2025
NOVAGOLD's treasury remains strong with $101.2 million in cash and term deposits as of November 30, with a 2025 budget of $43 million approved for advancing the Donlin Gold project.
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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
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NG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 23, 2025 | $3.22 | $3.15 | -2.17% |
| Oct 02, 2024 | $4.20 | $3.64 | -13.33% |
| Jun 26, 2024 | $3.39 | $3.63 | +7.08% |
| Apr 03, 2024 | $3.31 | $3.04 | -8.16% |
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.
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FAQ
When does Novagold Resources Inc (NG) report earnings?
Novagold Resources Inc (NG) is schdueled to report earning on Apr 02, 2025, TBA Not Confirmed.
What is Novagold Resources Inc (NG) earnings time?
Novagold Resources Inc (NG) earnings time is at Apr 02, 2025, TBA Not 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 2025 (Q1) is -0.04.
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