# NovaGold Resources Inc. (NG)

**Exchange:** NYSE  
**Sector:** Basic Materials  
**Market cap:** $2.88B  
**Price:** $7.07 (+3.97%)

> NovaGold Resources Inc. is a precious metals development company focused primarily on gold. Headquartered in Salt Lake City, Utah and founded in 1984, the company is centered on advancing the large-scale Donlin Gold project in southwestern Alaska. NovaGold holds an ownership interest in Donlin Gold LLC, a joint venture that aims to develop one of the world’s largest known undeveloped open-pit gold deposits, with substantial proven and probable reserves and additional measured and indicated resources. Operating in the non-energy minerals sector, NovaGold concentrates on project development rather than operating multiple producing mines, providing a pure-play exposure to the gold development segment. The company emphasizes jurisdictional advantages, as the Donlin project is located in a politically stable, mining-friendly region with established infrastructure and regulatory frameworks. NovaGold’s role in the market is to progress the Donlin asset through technical, permitting, environmental, and community engagement work, positioning it as a key participant in the North American gold development landscape.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | — | — | -$47M | -$95M | — |
| 2024 | — | — | -$38M | -$46M | — |
| 2021 | — | — | -$37M | -$41M | — |
| 2020 | — | — | -$33M | -$34M | — |
| 2019 | — | — | -$27M | -$28M | — |
| 2018 | — | — | -$27M | -$113M | — |
| 2017 | — | — | -$32M | -$39M | — |
| 2016 | — | — | -$29M | -$34M | — |
| 2015 | — | — | -$32M | -$32M | — |
| 2014 | — | — | -$38M | -$40M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $336M | $172M | $164M | $110M | — |
| 2024 | $110M | $157M | -$47M | $42M | — |
| 2021 | $199M | $121M | $78M | $91M | — |
| 2020 | $224M | $114M | $111M | $61M | — |
| 2019 | $246M | $108M | $138M | $68M | — |
| 2018 | $261M | $100M | $161M | $21M | — |
| 2017 | $399M | $115M | $284M | $28M | — |
| 2016 | $408M | $108M | $300M | $30M | — |
| 2015 | $434M | $104M | $329M | $42M | $80M |
| 2014 | $525M | $119M | $405M | $70M | $15M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$14M | — | — |
| 2024 | -$13M | — | — |
| 2023 | -$8M | — | — |
| 2022 | -$12M | — | — |
| 2021 | -$10M | — | — |
| 2020 | -$10M | — | — |
| 2019 | -$6M | — | — |
| 2018 | -$10M | — | — |
| 2017 | -$8M | — | — |
| 2016 | -$9M | — | — |
| 2015 | -$11M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/NG)