The earnings call presented a significant positive outlook for the Donlin Gold project with strategic advancements and strong institutional support. However, financial metrics such as increased net loss and decreased treasury present challenges.
Company Guidance
During NovaGold's 2025 Third Quarter Report and Donlin Gold Update call, the company outlined several key financial and operational metrics. NovaGold reported a net loss of $15.6 million, an increase of $4.9 million from the previous year, primarily due to higher field and administrative expenses. The company's treasury decreased by $193.5 million to $125.2 million, mainly due to acquiring an additional 10% interest in Donlin Gold. This acquisition, costing $210.1 million, was offset partly by a $25.5 million gain from the exercise of an over-allotment option. NovaGold's share of Donlin Gold's $43 million 2025 budget increased to $24 million. The company aims to complete a bankable feasibility study by 2026, with a construction decision expected thereafter, targeting production by 2031. Operational highlights included the completion of an 18,000-plus meter drill program and advancements in permitting and litigation processes.
Significant Progress in Donlin Gold Project
NovaGold's chairman, Dr. Thomas Kaplan, announced that the company is on the path to building the largest single gold mine in the United States, with strategic partnerships and funding opportunities. The project is expected to begin construction in 2027 with production targeted for 2030.
Successful Drill Program Completion
The company completed an 18,000+ meter drill program with high-grade intervals up to 23 grams per ton, indicating potential upside in the Donlin ore bodies.
Strong Institutional Shareholder Support
Over 60% of NovaGold shares are held by top institutional investors, indicating strong support and confidence in the company's future prospects.
Novagold Resources New (TSE:NG) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
Oct 01, 2025
C$12.30
C$14.15
+15.04%
Jun 25, 2025
C$5.34
C$5.10
-4.49%
Apr 01, 2025
C$4.20
C$4.25
+1.19%
Jan 23, 2025
C$4.60
C$4.51
-1.96%
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 Jan 28, 2026, After Close (Confirmed).
What is Novagold Resources Inc (TSE:NG) earnings time?
Novagold Resources Inc (TSE:NG) earnings time is at Jan 28, 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.