NovaGold Resources
Developer of the Donlin Gold project in southwestern Alaska.
Something off on this page? Send us feedback.
Profile
Develops Donlin Gold in southwestern Alaska, advancing engineering, permitting, and feasibility work for a proposed gold mine. With no current production or mining revenue, funding comes from capital markets and asset-sale proceeds, while economic exposure is concentrated in this single project.
Develops the Donlin Gold project in southwestern Alaska, a proposed open-pit gold mine and mill owned through Donlin Gold LLC. Corporate staff in Salt Lake City and Vancouver oversee exploration, engineering, permitting, feasibility work, financing, and project evaluation; Donlin Gold is the project operator. There is no producing mine, mining revenue, or product sales.
Progress depends on completing a bankable feasibility study and on capital-market financing for development and construction. The remote design requires a port, access road, gas pipeline, power and processing facilities, while land agreements with Alaska Native owners underpin the mine site. Major permits remain in force alongside supplemental environmental review, a state-court appeal, remaining pipeline land rights, construction-stage permits, and dam-safety work.
Company facts
Key statistics
Year to date −4.9% · Average volume (30d) 5.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| Jul 8, 2026 | Morgan Stanley | Target | $13.60 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 24, 2026Q2 FY26 | −$0.06 | −$0.06 | 0.0% | — | — | — | −0.81% |
| Apr 1, 2026Q1 FY26 | −$0.06 | −$0.04 | +33.3% | — | — | — | −3.21% |
| Jan 22, 2026Q4 FY25 | −$0.04 | −$0.03 | +25.0% | — | — | — | −5.53% |
| Oct 1, 2025Q3 FY25 | −$0.04 | −$0.04 | −13.2% | — | — | — | −4.64% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gross profit | −$5.9K | −$5.1K | −$6.0K | −$8.3K | −$6.0K | −$5.0K | |
| Operating income | −$4.7M | −$6.0M | −$6.3M | −$30.3M | −$14.9M | −$25.8M | |
| Net income | −$9.0M | −$55.5M | −$15.6M | −$14.5M | −$15.4M | −$25.5M | |
| Diluted EPS | −$0.03 | −$0.16 | −$0.04 | −$0.04 | −$0.04 | −$0.06 | |
| Gross margin | — | — | — | — | — | — | |
| Operating margin | — | — | — | — | — | — |
Fiscal years (4-quarter sums)FY24 $0 · FY25 $0
Balance sheet, May 31, 2026Cash & short-term investments $371.4M · Total debt $174.3M · Total assets $598.7M · Shareholders' equity $421.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 438.78M · Float 310.18M · 70.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Thomas S. Kaplan | 104.89M | 23.90% | 13D | Jul 23, 2026 |
| Electrum Group LLC | 92.90M | 21.17% | 13F | Aug 10, 2026 |
| Giovanni Agnelli B.V. | 34.90M | 8.58% | 13G | Aug 11, 2025 |
| Exor Capital LLP | 31.53M | 7.19% | 13F | Jul 29, 2026 |
| Paulson & Co. Inc. | 27.24M | 6.21% | 13F | Aug 14, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Perpetua Resources
U.S. project-finance and build-out rival for development-stage gold assets.
- Skeena Resources
Canadian feasibility-stage peer for capital and execution talent.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| NovaGold Resources | $8.84 | +1.03% | $3.84B | — | — | — | — |
| Perpetua Resources | $25.11 | +0.04% | $3.14B | — | — | — | — |
| Skeena Resources | $33.18 | −0.09% | $4.12B | — | — | — | — |