NovaGold Resources used its second-quarter fiscal 2026 earnings call to emphasize steady advancement of the Donlin Gold project, with the bankable feasibility study on track for completion in the first half of 2027. The company reported a net loss of $25.5 million, or $0.06 per share, in line with the Zacks Consensus Estimate, and ended the quarter with approximately $370.2 million in cash and term deposits. Management highlighted that Donlin funding requirements totaled $16.3 million in the quarter, reflecting expanded ownership exposure and intensified study activity. NovaGold's increased 60% ownership in Donlin Gold following a 2025 transaction significantly raises its exposure to project economics and funding obligations, with the Donlin investment balance standing at approximately $222 million at quarter's end. Executives also noted that all major federal and state permits remain in place despite ongoing litigation, and the company is actively working with advisors to evaluate financing options.
NovaGold Resources IncDonlin Gold project progressing on schedule with bankable feasibility study on track for 2027, and company has strong cash position
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