NOVAGOLD RESOURCES INC
Business
NOVAGOLD RESOURCES INC operates as a mineral exploration and development company focused on advancing the Donlin Gold project in Alaska through a joint venture. The company holds a substantial ownership interest in Donlin Gold and does not currently generate operating earnings or produce gold commercially. NOVAGOLD funds its activities through equity and debt financings, with strategic focus on project engineering, permitting, community engagement, and feasibility studies to position the asset toward eventual mine construction.
Summary from 10-K filed 2026-01-22
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-11-30 | FY 2024 2024-11-30 | FY 2023 2023-11-30 | FY 2022 2022-11-30 | FY 2021 2021-11-30 |
|---|---|---|---|---|---|---|
| General and administrative (Note 13) | 25 | 25 | 22 | 20 | 20 | |
| Equity loss Donlin Gold (Note 5) | 22 | 13 | 19 | 28 | 17 | |
| Operating Expenses | 47 | 38 | 40 | 48 | 37 | |
| Loss from operations | −47 | −38 | −40 | −48 | −37 | |
| Warrant expense (Note 11) | 40 | 0 | 0 | — | — | |
| Interest expense - promissory note | −15 | −15 | −13 | −8 | −6 | |
| Interest and dividend income | 5 | 5 | 6 | 2 | 458,000 | |
| Accretion of notes receivable (Note 4) | 0 | 0 | 579,000 | 849,000 | 3 | |
| Remediation expense | 0 | −339,000 | −541,000 | −366,000 | 938,000 | |
| Other income, net (Note 12) | 2 | 3 | 782,000 | 784,000 | 282,000 | |
| Loss before income taxes | −95 | −45 | −47 | −53 | −40 | |
| Income tax expense | 0 | −724,000 | −39,000 | 33,000 | −137,000 | |
| Net loss | −95 | −46 | −47 | −53 | −41 | |
| Foreign currency translation adjustments | 60,000 | −635,000 | −54,000 | −1 | 587,000 | |
| Comprehensive loss | −95 | −46 | −47 | −54 | −40 | |
| Net loss per common share basic and diluted (in dollars per share) | −0.25 | −0.14 | −0.14 | −0.16 | −0.12 | |
| Basic and diluted (thousands) (in shares) | 375 | 334 | 334 | 333,236 | 331,546 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-11-30 | FY 2024 2024-11-30 | FY 2023 2023-11-30 | FY 2022 2022-11-30 | FY 2021 2021-11-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 110 | 42 | 46 | 64 | 91 | |
| Term deposits | 5 | 59 | 80 | 62 | 78 | |
| Other assets (Note 6) | 2 | 2 | 1 | 2 | 327,000 | |
| Current assets | 117 | 103 | 127 | 153 | 169 | |
| Investment in Donlin Gold (Note 5) | 213 | 3 | 3 | 4 | 4 | |
| Other assets (Note 6) | 5 | 4 | 3 | 3 | 2 | |
| Assets | 336 | 110 | 133 | 159 | 199 | |
| Accounts payable and accrued liabilities | 2 | 1 | 703,000 | 769,000 | 682,000 | |
| Accrued payroll and related benefits | 3 | 2 | 3 | 3 | 3 | |
| Income taxes payable | 0 | 220,000 | 0 | — | — | |
| Other liabilities (Note 9) | 301,000 | 413,000 | 404,000 | 1 | 1 | |
| Current liabilities | 5 | 4 | 4 | 5 | 4 | |
| Promissory note (Note 7) | 166 | 152 | 137 | 124 | 116 | |
| Other liabilities (Note 9) | 885,000 | 1 | 859,000 | 1 | 464,000 | |
| Liabilities | 172 | 157 | 142 | 129 | 121 | |
| Common Shares Authorized 1,000 million shares, no par value Issued and outstanding 406.9 and 334.6 million shares, respectively | 2,252 | 1,989 | 1,987 | 1,984 | 1,979 | |
| Contributed surplus | 137 | 93 | 89 | 83 | 82 | |
| Accumulated deficit | −2,200 | −2,105 | −2,059 | −2,013 | −1,959 | |
| Accumulated other comprehensive loss | −25 | −25 | −24 | −24 | −23 | |
| Equity, Attributable to Parent | 164 | −47 | −8 | 30 | 78 | |
| Liabilities and Equity | 336 | 110 | 133 | 159 | 199 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-11-30 | FY 2024 2024-11-30 | FY 2023 2023-11-30 | FY 2022 2022-11-30 | FY 2021 2021-11-30 |
|---|---|---|---|---|---|---|
| Share-based compensation | 7 | 7 | 9 | 8 | 8 | |
| Gain on sale of mineral property | 0 | −743,000 | −556,000 | 0 | −200,000 | |
| Change in fair value of marketable securities | −2 | −1 | −269,000 | −189,000 | −418,000 | |
| Foreign exchange (gain) loss | 132,000 | −516,000 | 43,000 | −595,000 | 336,000 | |
| Other operating adjustments | 20,000 | 35,000 | 49,000 | −44,000 | 7,000 | |
| Other assets | 842,000 | 100,000 | −694,000 | — | — | |
| Accounts payable and accrued liabilities | 610,000 | 708,000 | −62,000 | — | — | |
| Accrued payroll and related benefits | 173,000 | −309,000 | 268,000 | — | — | |
| Income taxes payable | −220,000 | 226,000 | 0 | — | — | |
| Remediation liability | −220,000 | −157,000 | −1 | — | — | |
| Net cash used in operating activities | −14 | −13 | −8 | −12 | −10 | |
| Proceeds from term deposits | 59 | 140 | 148 | 148 | 142 | |
| Purchases of term deposits | −5 | −119 | −166 | −132 | −159 | |
| Funding of Donlin Gold | −22 | −12 | −18 | −28 | −18 | |
| Investment in Donlin Gold (Note 5) | −210 | 0 | 0 | — | — | |
| Proceeds from note receivable | 0 | 0 | 25 | 0 | 75 | |
| Proceeds from disposal of equity securities (Note 15) | 952,000 | 59,000 | 0 | — | — | |
| Proceeds from sale of mineral property | 0 | 743,000 | 556,000 | 0 | 200,000 | |
| Other | 0 | 0 | −132,000 | 73,000 | 0 | |
| Net cash provided from investing activities | −178 | 9 | −10 | −12 | 40 | |
| Equity issuances (Note 11) | 271 | 0 | 0 | — | — | |
| Equity issuance costs (Note 11) | 11 | 0 | 0 | — | — | |
| Withholding tax on share-based compensation | 81,000 | 174,000 | 0 | 2 | −731,000 | |
| Net cash used in financing activities | 260 | −174,000 | 0 | −2 | −731,000 | |
| Effect of exchange rate changes on cash and cash equivalents | 7,000 | −64,000 | −19,000 | −387,000 | 420,000 | |
| Net change in cash and cash equivalents | 68 | −4 | −18 | −27 | 30 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is NOVAGOLD RESOURCES INC's CIK number?
NOVAGOLD RESOURCES INC's SEC CIK number is 0001173420 (1173420). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find NOVAGOLD RESOURCES INC's SEC filings?
All of NOVAGOLD RESOURCES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did NOVAGOLD RESOURCES INC last report earnings?
NOVAGOLD RESOURCES INC (NG) most recently filed an earnings 8-K with the SEC on Jun 24, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001171843-26-004278). This is NOVAGOLD RESOURCES INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is NOVAGOLD RESOURCES INC's most recent earnings 8-K?
NOVAGOLD RESOURCES INC's latest earnings 8-K (Item 2.02) was filed Jun 24, 2026 under accession 0001171843-26-004278. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View NOVAGOLD RESOURCES INC's latest earnings 8-K →
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