Novagold Resources, Inc. (NG) Misses Q4 EPS by 9c

Novagold Resources, Inc. (NYSE: NG) reported Q4 EPS of ($0.11), $0.09 worse than the analyst estimate of ($0.02).

2017 Outlook

In 2017, we expect to spend approximately $23 million, including $11 million for general and administrative costs, $10 million to fund our share of permitting expenditures at the Donlin Gold project and $2 million at the Galore Creek project. Funding requirements for our share of joint Donlin Gold studies with Barrick will be determined later in 2017.

NOVAGOLD remains dedicated to five strategic goals: to advance the Donlin Gold project toward a construction/production decision; continue to enhance the value of the Galore Creek project; maintain a healthy balance sheet; maintain an effective corporate social responsibility program; and evaluate opportunities to monetize the value of Galore Creek.

For earnings history and earnings-related data on Novagold Resources, Inc. (NG) click here.

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