Novagold Resources, Inc. (NG) Reports Q2 Loss of $0.02/sh

Novagold Resources, Inc. (NYSE: NG) reported Q2 EPS of ($0.02), versus ($0.02) reported last year.

2020 Outlook

We anticipate spending approximately $31 million in 2020, which includes $20 million to fund our share of expenditures at the Donlin Gold project, the majority earmarked for the drill program with the balance for permitting and community engagement, and $11 million for general and administrative costs.

NOVAGOLD’s primary goals in 2020 are to continue to advance the Donlin Gold project toward a construction/production decision; maintain a healthy balance sheet; and continue an effective corporate social responsibility program.

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

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