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Novagold Resources Inc   (NYSE: NG)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials
 
Price: $3.2700 $0.11 3.481%
Day's High: $3.28 Week Perf: -1.8 %
Day's Low: $ 3.12 30 Day Perf: 0.31 %
Volume (M): 1,796 52 Wk High: $ 4.88
Volume (M$): $ 5,872 52 Wk Avg: $3.51
Open: $3.15 52 Wk Low: $2.28



 Market Capitalization (Millions $) 1,066
 Shares Outstanding (Millions) 326
 Employees 44
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -46
 Cash Flow (TTM) (Millions $) 4
 Capital Exp. (TTM) (Millions $) 20,712

Novagold Resources Inc

We operate in the gold mining industry, primarily focused on advancing permitting of the Donlin Gold project in Alaska. The Donlin Gold project is held by Donlin Gold LLC (“Donlin Gold”), a limited liability company owned equally by wholly-owned subsidiaries of NOVAGOLD and Barrick Gold Corporation (“Barrick”). We are also committed to maximizing the value of our interest in the Galore Creek copper-gold-silver project in British Columbia, Canada. The Galore Creek project is held by a partnership owned equally by NOVAGOLD Canada Inc., a wholly-owned subsidiary of NOVAGOLD, and by Teck Resources Limited (“Teck”). We continue to explore opportunities to sell, in whole or in part, our interest in the Galore Creek project.

We do not produce gold or any other minerals, and do not currently generate operating earnings. Funding to explore our mineral properties and to operate the Company was acquired primarily through previous equity financings consisting of public offerings of our common shares and warrants and through debt financing consisting of convertible notes. We expect to continue to raise capital through additional equity and/or debt financings, through the exercise of stock options, and otherwise.

We were incorporated by memorandum of association on December 5, 1984, under the Companies Act (Nova Scotia) as 1562756 Nova Scotia Limited. On January 14, 1985, we changed our name to NovaCan Mining Resources (l985) Limited and on March 20, 1987, we changed our name to NOVAGOLD RESOURCES INC. On May 29, 2013, our shareholders approved the continuance of the corporation into British Columbia. Subsequently, we filed the necessary documents in Nova Scotia and British Columbia and we continued under the Business Corporations Act (British Columbia) effective as of June 10, 2013.

Permitting activities continued at Donlin Gold in 2016 and were mainly focused on providing the U.S. Army Corps of Engineers (the “Corps”), the lead agency for the Donlin Gold Environmental Impact Statement (EIS), with requested input and information as the Corps conducted and completed a six-month public comment period for the draft EIS, including 17 public comment meetings in communities across the Yukon-Kuskokwim (Y-K) region and in Anchorage, Alaska. The EIS is required by the National Environmental Policy Act (NEPA), the act that governs the process by which most major projects in the United States are evaluated. The EIS is also, in large part, a determining factor in the overall permitting timeline which commenced in 2012 for Donlin Gold.



   Company Address: 201 South Main Street, Suite 400 Salt Lake City 84111 UT
   Company Phone Number: 639-0511   Stock Exchange / Ticker: NYSE NG


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
RGLD        1.55% 
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Announcement

Mark Your Calendars NOVAGOLD?s Q3 Financial Results Could Shift Market Gears!

Published Thu, Sep 19 2024 9:05 PM UTC

As the clock ticks towards October, investors find themselves increasingly attuned to significant financial revelations on the horizon. NOVAGOLD Resources Inc. (TSX, NYSE American: NG), a company renowned for its strategic positioning in the gold sector, is set to unveil its third-quarter financial results post-market close on October 2, 2024 . Following this, industry an...

Novagold Resources Inc

National Grid Plc Reports Mixed Results for Second Quarter of 20242.

National Grid Plc stock has seen a significant gain of 9.26% in the past 7 days, while NG stock has dropped by -11.28%. Despite this, National Grid Plc stock is currently trading on the NYSE only -0.8% below its 52-week average. This fluctuation in stock prices comes as no surprise, considering the recent earnings reports from companies in the Natural Gas Utilities sector.
One such company, NG, reported an operating loss of $-11.593 million for the second quarter of 2024. This disappointing result may have contributed to the drop in NG stock prices. Similarly, Novagold Resources Inc reported a net loss of $-13.700 million for the March to May 31, 2024 financial period, a significant decrease from the previous year.










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