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Novagold Resources Inc New (NG)
:NG
Earnings Data
Report Date
Jun 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.04Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 01, 2025
|% Change Since: -10.62%
|Next Earnings Date:Jun 24, 2025
Earnings Call Sentiment|Positive
The earnings call presents a generally positive outlook with strong asset potential, financial stability, and significant progress in permitting and community engagement. However, ongoing litigation and delays in advancing to a feasibility study pose challenges. The company enjoys substantial institutional support and is well-positioned financially.Company Guidance
During the first quarter of 2025, NovaGold Resources Inc. provided detailed guidance on the Donlin Gold project in Alaska. The project is anticipated to produce over a million ounces of gold annually, with a grade of 2.25 grams per ton, significantly exceeding industry averages. The company's budget for 2025 is $43 million, with $21.5 million allocated to Donlin Gold and $16 million for corporate general and administrative expenses. NovaGold's treasury remains robust, with $93 million in cash and term deposits, ensuring ample funding for ongoing activities. The first quarter saw a decrease in net loss by $1.2 million compared to the previous year, attributed to lower stock-based compensation and Donlin Gold expenditures. The company initiated a 15,000-meter drilling program in March to enhance mine planning and support an updated feasibility study, while also focusing on securing necessary permits and engaging with stakeholders to advance the project.Strong Gold Asset and Production Potential
The Donlin project in Alaska boasts almost 40 million ounces of gold with a high grade of two and a quarter grams, offering a production potential of over a million ounces a year, which is twice the industry average.
Permitting Progress
Federal permits are secured and state permits are nearly complete, with only the tailings dam permit remaining. This demonstrates significant progress in the rigorous U.S. permitting process.
Robust Financial Position
NovaGold maintains a strong treasury with $93 million in cash and term deposits, ensuring the company is well-positioned to fund its activities for the coming years.
Community and Stakeholder Engagement
NovaGold continues to engage with local communities and stakeholders, providing financial assistance for local infrastructure and supporting community events.
Safety and Sustainability Achievements
The Donlin project has maintained a record of no lost time accidents for over a decade, highlighting NovaGold's commitment to safety and sustainability.
Shareholder and Institutional Support
Over 70% of shares are held by top institutional investors, showcasing strong backing for NovaGold's long-term development vision.
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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 |
|---|---|---|---|
| Apr 01, 2025 | $2.92 | $2.98 | +2.05% |
| 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% |
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 New (NG) report earnings?
Novagold Resources Inc New (NG) is schdueled to report earning on Jun 24, 2025, TBA Not Confirmed.
What is Novagold Resources Inc New (NG) earnings time?
Novagold Resources Inc New (NG) earnings time is at Jun 24, 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 (Q2) is -0.04.
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