Novagold Resources Inc (TSE:NG)
XASE:NG
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Earnings Data
Report Date
Oct 06, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
-0.09Last Year’s EPS
-0.06Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasizes strong project fundamentals (large, high‑grade resource, long life, >1M oz/year), successful ownership consolidation (60% interest) and clear, tangible progress toward a bankable feasibility study with a targeted H1 2027 completion. The company also reports a robust cash position sufficient to fund near‑term plans and is actively preparing financing. Offsetting these positives are continued quarterly losses, elevated near‑term spending (Donlin costs and professional/G&A fees), and permitting/legal items (supplemental EIS and pending state 401 decision) that introduce timing and regulatory uncertainty. Management expects professional fees to taper and is progressing financing preparations.Company Guidance
Robust Project Scale and Grade
Donlin Gold hosts ~40 million ounces of measured and indicated resources at an average grade of 2.25 g/t (more than double the industry average), with projected average production of over 1 million ounces per year across a 27‑year mine life, underscoring strong long‑term economic potential.
Ownership Simplification and Increased Stake
NovaGold, in partnership with Paulson, acquired Barrick's interest about a year ago and now holds a 60% interest in Donlin Gold, simplifying ownership and consolidating value for shareholders.
Meaningful Progress Toward Bankable Feasibility Study (BFS)
BFS workstreams are advancing under Fluor with specialist contractors (WSP, Worley, Hatch): integration of major work packages, infrastructure engineering (on‑site power plant, natural gas pipeline, pressure oxidation circuit, oxygen plant), geotechnical drilling and materials assessments. Targeted completion is in the first half of 2027.
Strong Treasury Position to Fund Near‑Term Plans
Cash and term deposits of $370.2 million at quarter end (down $22.3 million in Q2) are described as sufficient to complete the BFS in 2027, permit exercise to prepay the Barrick promissory note later this year, and cover corporate G&A for at least the next 12 months.
Improved Net Loss Versus Prior Year
Reported Q2 FY26 net loss of $25.5 million ($0.06 per share). Net loss decreased by $28.8 million year‑over‑year (approximately a 53% reduction versus the prior year period), primarily due to a $39.6 million noncash warrant charge in the prior year and higher interest income in 2026.
Ongoing Permitting and Regulatory Engagement with Permits in Place
Active engagement with state, federal and regional stakeholders; two Alaska Supreme Court cases already ruled favorably and the last case (401 certification) had oral arguments on June 3 with an anticipated decision within ~1 year. All permits remain in force while litigation and supplemental EIS work proceed; Corps/BLM expected to publish draft supplemental EIS in September.
Advancing Financing Preparations
NovaGold and partner Paulson have engaged financial advisers and are conducting financing discussions for Donlin Gold, with an announcement expected in the coming weeks, indicating proactive capital planning for project advancement.
TSE: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
TSE:NG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 24, 2026 | C$10.28 | C$8.80 | -14.40% |
Apr 01, 2026 | C$12.53 | C$12.99 | +3.67% |
Jan 22, 2026 | C$13.79 | C$14.46 | +4.86% |
Oct 01, 2025 | C$12.30 | C$14.15 | +15.04% |
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 (TSE:NG) report earnings?
Novagold Resources Inc (TSE:NG) is schdueled to report earning on Oct 06, 2026, After Close (Confirmed).
What is Novagold Resources Inc (TSE:NG) earnings time?
Novagold Resources Inc (TSE:NG) earnings time is at Oct 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is TSE:NG EPS forecast?
TSE:NG EPS forecast for the fiscal quarter 2026 (Q3) is -0.09.