NovaGold announces Q3 earnings per share of 4 cents, compared to 3 cents in the previous year.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 01 2025
0mins
Project Development and Future Plans: CEO Gregory Long highlighted the new ownership structure and the focus on maximizing Donlin Gold's value, with upcoming milestones including awarding the BFS contract and initiating a drilling program for resource exploration.
Recruitment and Stakeholder Engagement: The company is prioritizing hiring for key roles and actively engaging with government representatives and Alaska Native Corporation landowners to ensure smooth development and operation processes.
Commitment to Transparency: Long emphasized the importance of transparent communication with stakeholders and expressed gratitude for the support received from shareholders, the investment community, and the NOVAGOLD team during a pivotal period.
Partnership and Strategic Goals: The company is excited to advance the Donlin Gold project in collaboration with partners, aiming to accelerate progress and achieve strategic goals with renewed determination.
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Analyst Views on NG
Wall Street analysts forecast NG stock price to rise
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 7.760
Low
10.90
Averages
13.96
High
17.44
Current: 7.760
Low
10.90
Averages
13.96
High
17.44
About NG
NOVAGOLD Resources Inc. is a precious metals company. The Company is focused on the development of the Donlin Gold project. The Donlin Gold property is located in the Kuskokwim region of southwestern Alaska on private, Alaska Native-owned mineral and surface land and Alaska state mining claims. The Donlin Gold deposits are situated at approximately 62 North latitude and 158 West longitude, which is 450 kilometers (km) west of Anchorage and 250 km northeast of Bethel up the Kuskokwim River. The Donlin Gold project is located in the historic Kuskokwim Gold Belt of Southwest Alaska, 10 miles north of the village of Crooked Creek, and is managed by Donlin Gold LLC, which is owned by NOVAGOLD and Paulson Advisers LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
NOVAGOLD Annual Meeting Voting Results Announced
- High Shareholder Engagement: At the 2026 Annual General Meeting, 326,713,666 shares, representing 74.45% of the company's issued shares, participated in the voting, indicating strong shareholder interest and engagement in corporate governance.
- Unanimous Approval of Director Nominations: All director nominees were elected, with Ali Erfan receiving a 99.28% approval rate, reflecting shareholder trust in the management team and facilitating the smooth implementation of future strategic initiatives.
- Auditor Appointment Approved: The appointment of PricewaterhouseCoopers LLP as auditors was approved with a 97.06% support rate, ensuring financial transparency and compliance, which enhances investor confidence in the company.
- Compensation Plan Endorsed: In the advisory vote on executive compensation, 72.30% of shareholders supported the current compensation plan, indicating approval of the company's pay policies, which aids in attracting and retaining top management talent.
See More
Paulson & Co. Increases Amicus Stake, Exits Solstice
- New Investment Moves: Paulson & Co. increased its stake in Amicus Therapeutics (FOLD) by 32,400 shares in Q1 2026, indicating confidence in the company's growth potential and future prospects.
- Divestment Strategy: During the same period, the firm exited its position in Solstice Advanced Materials (SOLS), selling 1.39 million shares, reflecting a cautious outlook on the company's future performance.
- Shareholding Adjustments: Paulson & Co. boosted its holdings in International Tower Hill Mines (THM) from 7.024 million shares to 99.57 million shares, signaling strong optimism about the mining sector, likely based on expectations of rising resource prices.
- Other Holdings Changes: Additionally, the firm added 4.09 million shares to its position in Thryv (THRY), nearly doubling its stake, which underscores its focus on the company's growth potential, while also trimming its investment in Madrigal Pharmaceuticals (MDGL).
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- Upsized Financing: On April 20, 2026, NevGold announced that its previously planned C$25 million financing was upsized to C$42 million due to strong demand, issuing 22,223,946 shares at C$1.90 each, reflecting robust market confidence in its projects.
- Significant Drill Results: On March 19, 2026, NevGold reported a discovery at Resurrection Ridge with 11.42 g/t AuEq over 7.7 meters, indicating substantial potential for the Limousine Butte project, which is expected to drive future mineral resource estimates.
- Successful Metallurgical Testing: Metallurgical tests on April 2, 2026, revealed gold recoveries exceeding 93%, with antimony extraction rates ranging from 54% to 92%, confirming that both metals can be efficiently recovered from the same feed, thereby reducing production costs.
- Upcoming Resource Estimate: NevGold is set to release its maiden Mineral Resource Estimate for Limousine Butte in Q2 2026, which is anticipated to create new production opportunities and further attract investor interest.
See More
NevGold Corp. Secures Financing Amid Mineral Resource Developments
- Upsized Financing: On April 20, 2026, NevGold announced that its previously planned C$25 million financing was upsized to C$42 million due to strong demand, issuing 22,223,946 shares at C$1.90 each, reflecting significant institutional interest, with expected closure around May 12, 2026.
- Significant Drill Results: On March 19, 2026, NevGold reported a drill intercept of 11.42 g/t AuEq at the Resurrection Ridge area, including 2.64% Sb and 1.17 g/t Au, indicating substantial potential for the Limousine Butte project and likely driving future mineral resource estimates.
- Successful Metallurgical Testing: On April 2, 2026, NevGold disclosed Phase II metallurgical test results showing gold recoveries exceeding 93% and acid leach antimony extraction rates ranging from 54% to 92%, confirming the effective recovery of both metals from the same feed, which could lower production costs.
- Upcoming Resource Estimate: NevGold is set to release its maiden Mineral Resource Estimate for Limousine Butte in Q2 2026, which is expected to create new production opportunities and further solidify its position in the U.S. critical minerals market.
See More
Mining Stocks Rally as Gold Prices Surge on Strong Earnings
- Gold Price Surge: Gold's spot price increased by 2.8% to $4,681.23 per ounce, remaining below its January peak of $5,608.35, yet its role as a macro anxiety barometer is becoming increasingly evident, driving a broad rally in mining stocks.
- Earnings Beats: SSR Mining (SSRM) surged 14.4% to $32.33, IAMGOLD (IAG) rose 13.2% to $18.47, and Pan American Silver (PAAS) gained 11% to $56.08, all reporting results that exceeded Wall Street expectations, reinforcing investor confidence that rising gold prices will translate into meaningful earnings.
- Widespread Market Rally: Beyond the major earnings names, NovaGold Resources (NG) climbed 14.3%, Sibanye Stillwater (SBSW) added 13.9%, and Americas Gold and Silver (USAS) rose 13.6%, indicating a broad-based upward trend in mining stocks and improved market sentiment.
- Confidence in Operating Leverage: Mining companies are entering a more favorable phase of the cycle, with SSR Mining up over 45% and Pan American Silver nearly 50% in the past six months, highlighting enhanced profitability despite mixed valuations, which boosts investor confidence in the sector's future.
See More
NOVAGOLD Announces 2026 Virtual Annual General Meeting
- Meeting Announcement: NOVAGOLD will hold its Annual General Meeting on May 14, 2026, at 1:00 p.m. PDT, allowing shareholders to vote by proxy and submit questions during or prior to the meeting, aiming to enhance shareholder engagement and reduce carbon footprint.
- Director Elections and Auditing: The meeting will address the election of directors, appointment of external auditors, and authorization for the Audit Committee to set their remuneration, ensuring transparency and compliance in corporate governance.
- Strategic Insights: Following the meeting, Chairman Dr. Thomas S. Kaplan will discuss gold's strategic role in investment theory, while CEO Greg Lang will review 2025 achievements and highlight key catalysts for 2026, emphasizing the potential of the Donlin Gold project.
- Virtual Meeting Benefits: The meeting will be held virtually only, allowing shareholders to participate from any location, which is expected to enhance accessibility and promote sustainability, reflecting the company's commitment to environmental responsibility.
See More
NOVAGOLD Annual Meeting Voting Results Announced
- High Shareholder Engagement: At the 2026 Annual General Meeting, 326,713,666 shares, representing 74.45% of the company's issued shares, participated in the voting, indicating strong shareholder interest and engagement in corporate governance.
- Unanimous Approval of Director Nominations: All director nominees were elected, with Ali Erfan receiving a 99.28% approval rate, reflecting shareholder trust in the management team and facilitating the smooth implementation of future strategic initiatives.
- Auditor Appointment Approved: The appointment of PricewaterhouseCoopers LLP as auditors was approved with a 97.06% support rate, ensuring financial transparency and compliance, which enhances investor confidence in the company.
- Compensation Plan Endorsed: In the advisory vote on executive compensation, 72.30% of shareholders supported the current compensation plan, indicating approval of the company's pay policies, which aids in attracting and retaining top management talent.
See More
Paulson & Co. Increases Amicus Stake, Exits Solstice
- New Investment Moves: Paulson & Co. increased its stake in Amicus Therapeutics (FOLD) by 32,400 shares in Q1 2026, indicating confidence in the company's growth potential and future prospects.
- Divestment Strategy: During the same period, the firm exited its position in Solstice Advanced Materials (SOLS), selling 1.39 million shares, reflecting a cautious outlook on the company's future performance.
- Shareholding Adjustments: Paulson & Co. boosted its holdings in International Tower Hill Mines (THM) from 7.024 million shares to 99.57 million shares, signaling strong optimism about the mining sector, likely based on expectations of rising resource prices.
- Other Holdings Changes: Additionally, the firm added 4.09 million shares to its position in Thryv (THRY), nearly doubling its stake, which underscores its focus on the company's growth potential, while also trimming its investment in Madrigal Pharmaceuticals (MDGL).
See More
NevGold Corp. Secures Financing Amid Mineral Resource Developments
- Upsized Financing: On April 20, 2026, NevGold announced that its previously planned C$25 million financing was upsized to C$42 million due to strong demand, issuing 22,223,946 shares at C$1.90 each, reflecting robust market confidence in its projects.
- Significant Drill Results: On March 19, 2026, NevGold reported a discovery at Resurrection Ridge with 11.42 g/t AuEq over 7.7 meters, indicating substantial potential for the Limousine Butte project, which is expected to drive future mineral resource estimates.
- Successful Metallurgical Testing: Metallurgical tests on April 2, 2026, revealed gold recoveries exceeding 93%, with antimony extraction rates ranging from 54% to 92%, confirming that both metals can be efficiently recovered from the same feed, thereby reducing production costs.
- Upcoming Resource Estimate: NevGold is set to release its maiden Mineral Resource Estimate for Limousine Butte in Q2 2026, which is anticipated to create new production opportunities and further attract investor interest.
See More
NevGold Corp. Secures Financing Amid Mineral Resource Developments
- Upsized Financing: On April 20, 2026, NevGold announced that its previously planned C$25 million financing was upsized to C$42 million due to strong demand, issuing 22,223,946 shares at C$1.90 each, reflecting significant institutional interest, with expected closure around May 12, 2026.
- Significant Drill Results: On March 19, 2026, NevGold reported a drill intercept of 11.42 g/t AuEq at the Resurrection Ridge area, including 2.64% Sb and 1.17 g/t Au, indicating substantial potential for the Limousine Butte project and likely driving future mineral resource estimates.
- Successful Metallurgical Testing: On April 2, 2026, NevGold disclosed Phase II metallurgical test results showing gold recoveries exceeding 93% and acid leach antimony extraction rates ranging from 54% to 92%, confirming the effective recovery of both metals from the same feed, which could lower production costs.
- Upcoming Resource Estimate: NevGold is set to release its maiden Mineral Resource Estimate for Limousine Butte in Q2 2026, which is expected to create new production opportunities and further solidify its position in the U.S. critical minerals market.
See More
Mining Stocks Rally as Gold Prices Surge on Strong Earnings
- Gold Price Surge: Gold's spot price increased by 2.8% to $4,681.23 per ounce, remaining below its January peak of $5,608.35, yet its role as a macro anxiety barometer is becoming increasingly evident, driving a broad rally in mining stocks.
- Earnings Beats: SSR Mining (SSRM) surged 14.4% to $32.33, IAMGOLD (IAG) rose 13.2% to $18.47, and Pan American Silver (PAAS) gained 11% to $56.08, all reporting results that exceeded Wall Street expectations, reinforcing investor confidence that rising gold prices will translate into meaningful earnings.
- Widespread Market Rally: Beyond the major earnings names, NovaGold Resources (NG) climbed 14.3%, Sibanye Stillwater (SBSW) added 13.9%, and Americas Gold and Silver (USAS) rose 13.6%, indicating a broad-based upward trend in mining stocks and improved market sentiment.
- Confidence in Operating Leverage: Mining companies are entering a more favorable phase of the cycle, with SSR Mining up over 45% and Pan American Silver nearly 50% in the past six months, highlighting enhanced profitability despite mixed valuations, which boosts investor confidence in the sector's future.
See More
NOVAGOLD Announces 2026 Virtual Annual General Meeting
- Meeting Announcement: NOVAGOLD will hold its Annual General Meeting on May 14, 2026, at 1:00 p.m. PDT, allowing shareholders to vote by proxy and submit questions during or prior to the meeting, aiming to enhance shareholder engagement and reduce carbon footprint.
- Director Elections and Auditing: The meeting will address the election of directors, appointment of external auditors, and authorization for the Audit Committee to set their remuneration, ensuring transparency and compliance in corporate governance.
- Strategic Insights: Following the meeting, Chairman Dr. Thomas S. Kaplan will discuss gold's strategic role in investment theory, while CEO Greg Lang will review 2025 achievements and highlight key catalysts for 2026, emphasizing the potential of the Donlin Gold project.
- Virtual Meeting Benefits: The meeting will be held virtually only, allowing shareholders to participate from any location, which is expected to enhance accessibility and promote sustainability, reflecting the company's commitment to environmental responsibility.
See More
