)

NovaGold Resources (NG) investor relations material
NovaGold Resources Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Completed a transformative $1 billion transaction with Paulson, acquiring Barrick's stake in Donlin Gold and establishing a 60/40 ownership structure, which drove a 155% share price increase since April 2025.
Raised $286 million through an upsized public offering and private placement, strengthening the treasury and supporting project advancement.
Donlin Gold advanced technical, permitting, and community engagement milestones, positioning it as a leading undeveloped gold project with significant exploration upside.
Issued RFP for Donlin Gold's Bankable Feasibility Study (BFS), with contract award and commencement expected before year-end.
Enhanced community engagement and environmental initiatives, including habitat restoration and educational programs in the Yukon-Kuskokwim region.
Financial highlights
Q3 2025 net loss was $15.6 million, up from $10.7 million in Q3 2024, mainly due to higher field and G&A expenses.
Ended Q3 2025 with $125.2 million in cash and term deposits, after significant investment in Donlin Gold.
Cash equivalents decreased by $235.6 million in Q3, mainly due to the Donlin Gold transaction and term deposit purchases.
Year-to-date Donlin Gold project expenditures of $24 million and corporate G&A of $18 million.
Pro-rata share of Donlin Gold's $43 million 2025 budget increased to $24 million after the acquisition.
Outlook and guidance
Bankable Feasibility Study contract to be awarded by year-end, with completion expected in 18–24 months.
Construction decision targeted for 2027, with commercial operations anticipated by 2031, contingent on positive BFS and permitting.
Ongoing evaluation of financing options, including potential royalty or streaming deals.
Corporate G&A costs for 2025 expected to rise to $18 million.
Additional drill results and exploration program updates anticipated.
Next NovaGold Resources earnings date

Next NovaGold Resources earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage