NG Earnings Prediction
The chart below shows how NG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NG sees a -1.70% change in stock price 10 days leading up to the earnings, and a -0.35% change 10 days following the report. On the earnings day itself, the stock moves by -0.67%. This data can give you a slight idea of what to expect for the next quarter's release.
NG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
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Gross Margin
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Operating Margin
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Net Margin
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EPS
-0.03
-0.00%
-25.00%
No Data Available
NG Earnings Analysis
NovaGold Resources Inc. Corporation (NG.A) Earnings Conference Call
Positive
Gold Reserves and Quality: Donlin Gold boasts 39 million ounces of gold at an average grade of 2.25 grams per tonne, more than double the industry average.
Long-Term Mine Stability: The projected mine life of nearly three decades promises long-term, stable, and low-cost operation, positioning Donlin Gold as a leading producer in the industry.
Permit Acquisition Success: Donlin Gold has secured the necessary federal permits and the majority of state permits, demonstrating readiness for successful advancement.
Net Loss Analysis: The company reported a net loss of $10.7 million in Q3 2024, a $0.4 million decrease from the comparative prior year quarter, primarily due to lower stock-based compensation expense.
Strong Liquidity Position: NOVA Gold's financial position includes cash and cash equivalents of $45.6 million and term deposits of $60 million, ensuring sufficient liquidity for ongoing project advancement.
Negative
Net Loss Analysis: We reported a net loss of $10.7 million in the third quarter of 2024, a $0.4 million decrease from the comparative prior year quarter, primarily due to lower stock-based compensation expense related to forfeiture of options and performance share units and lower Donlin Gold Project costs with no field program this year.
Increased Expenses Impacting Profitability: This was partially offset by increased interest expense on the promissory note, lower interest income on cash and term deposits, and increased general and administrative costs due to hiring of additional staff along with higher professional and consulting fees.
Cash and Term Deposits Decline: In the third quarter of 2024, cash and term deposits decreased by $7 million, primarily due to corporate administrative expenses and our share of Donlin Gold funding, partially offset by interest income and changes in working capital.
Budget Alignment Update: Year-to-date, NOVAGOLD's corporate G&A costs and Donlin Gold funding are in line with our 2024 budget.
Projected Annual Expenditure: For the full year, we continue to expect to spend approximately $31 million including approximately $17 million for corporate G&A and $14 million for Donlin Gold.
