Novagold Resources Inc (NG) |
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Price: $2.6300
$-0.12
-4.364%
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Day's High:
| $2.79
| Week Perf:
| 6.05 %
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Day's Low: |
$ 2.61 |
30 Day Perf: |
3.95 % |
Volume (M): |
1,347 |
52 Wk High: |
$ 6.68 |
Volume (M$): |
$ 3,541 |
52 Wk Avg: |
$4.16 |
Open: |
$2.78 |
52 Wk Low: |
$2.23 |
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Market Capitalization (Millions $) |
9,668 |
Shares
Outstanding (Millions) |
3,676 |
Employees |
13 |
Revenues (TTM) (Millions $) |
43,318 |
Net Income (TTM) (Millions $) |
7,776 |
Cash Flow (TTM) (Millions $) |
18 |
Capital Exp. (TTM) (Millions $) |
18,975 |
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
NG is expected to report next financial results on June 05, 2024. |
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Customers recorded net loss |
Customers recorded net loss |
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Stock Performances by Major Competitors |
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Nevada Canyon Gold Corp
Nevada Canyon Gold Corp, a company in the Metal Mining industry, has recently experienced a decline in its shares. The shares are currently trading at -1% below its 52-week average, which indicates a decrease in investor confidence. During the earnings season of October to December 31, 2023, many companies, including Nevada Canyon Gold Corp, have reported their financial numbers. Unfortunately, NGLD published an operating shortfall of $-3.075799 million for the three-month period ending December 31, 2023. This is a significant decrease compared to the operating surplus of $0.469586 million in the fourth quarter of 2022.
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Mcewen Mining Inc
McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) has recently released its exploration update, highlighting the positive progress made at its Stock project. The company's aggressive exploration efforts have shown promising results and are expected to contribute to a bright future at this important site. In terms of production, McEwen Mining has demonstrated a significant improvement compared to previous years. In the fourth quarter of 2023, the company achieved consolidated production of 49,850 gold equivalent ounces (GEOs), with a total production of 154,600 GEOs for the entire year. These figures are in line with the company's latest forecasts and fall within its guidance range.
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Franco Nevada Corporation
Franco-Nevada Corp, a metal mining company, has seen a solid gain of 5.07% in its stock over the last five trading days. However, it experienced a significant drop of 7.51% in March 2024. Currently, the stock is trading just 12.4% above its 52-week low. In the financial period ending December 31, 2023, Franco-Nevada Corp reported a loss per share of $-2.43. This is a notable decrease from the previous period's earnings of $1.83 per share. Despite this loss, the company's revenue surged by an impressive 44.37% to reach $1.22 billion, compared to $844.10 million in the previous reporting period.
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Iamgold Corporation
Iamgold Corporation, a metal mining company, recently released their fourth quarter financial report for 2023 and the results were promising. Despite facing fading revenue, the company managed to turn their income positive to $0.19 per share, a significant improvement from the $-0.88 loss in the same quarter a year ago. The company saw a decrease in revenue by -7.34% to $987.10 million from $1.07 billion in the fourth quarter of 2023 compared to the same period a year ago. However, the net profits for the company in the fourth quarter of 2023 were $103.80 million, a substantial improvement from the net loss of $-398.00 million in the same reporting period a year ago. Overall, Iamgold Corporation reported income of $103.80 million and revenue of $987.10 million for the financial year 2023, with earnings per share of $0.19 compared to $-0.88 in the preceding financial year. Looking at the market and stock performance of Iamgold Corporation, it is evident that investors are responding positively to the company's financial results. The stock has gained 10.56% over the last five trading days, extending year-to-date gains to 28.69%. Additionally, the stock is trending higher and is just 5.8% short of its 52-week high. With these positive trends in stock performance, investors may continue to be optimistic about the company's future prospects.
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B2gold Corp
The recent financial report from B2Gold Corp., a Canadian metal mining company, presents a mixed bag of results for the company. The company announced earnings per share of $0.01 and revenue of $0.00 million for the fourth quarter of 2023, showing a significant decline in earnings compared to the previous financial period ending December 31, 2022. Despite this decrease in earnings, B2Gold Corp. saw its revenue rise by an impressive 67.354% in the same period. The fourth quarter of 2023 showed a substantial improvement in the company's top-line performance compared to its peers in the Metal Mining sector, which only saw an average revenue growth of 2.87% during the same period. However, earnings for B2Gold Corp. fell sharply by -86.83% to $41.588 million in the fiscal year ending December 31, 2023, from $315.841 million in the corresponding period a year before.
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Per Share |
Current |
Earnings (TTM) |
2.06 $ |
Revenues (TTM) |
11.78 $
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Cash Flow (TTM) |
0 $ |
Cash |
0.06 $
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Book Value |
8.04 $
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Dividend (TTM) |
1.31 $ |
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Per Share |
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Earnings (TTM) |
2.06 $
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Revenues (TTM) |
11.78 $ |
Cash Flow (TTM) |
0 $ |
Cash |
0.06 $
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Book Value |
8.04 $ |
Dividend (TTM) |
1.31 $ |
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