NOVAGOLD third quarter 2026 loss meets expectations as ownership consolidation in Donlin Gold advances

NOVAGOLD reported a third quarter 2026 net loss of $36.0 million, or $0.08 per share, aligning with consensus estimates. As a development-stage company, the firm remains focused on its ownership consolidation and the 2027 completion of the Donlin Gold Bankable Feasibility Study.

Key Highlights

• The all-share acquisition of Paulson Advisers' 40% interest in Donlin Gold is expected to close by year-end, consolidating ownership to 100%.
• Fiscal 2026 operating expenditure guidance was revised upward to $110 million due to $11.5 million in transaction-related professional fees.
• The company maintains a strong treasury of $343.4 million in cash and term deposits, which is sufficient to fund the BFS and settle a promissory note with Barrick Gold.