NOVAGOLD's net loss widened to $36.0M in the fiscal third quarter, which the company attributes to higher expenditures at Donlin Gold due to an acceleration of BFS activities and higher general and administrative expenses at NOVAGOLD primarily driven by ongoing professional fees related to the pending Transactions announced on July 22, 2026, partially offset by higher interest income in 2026.

Filed October 8, 2026 · Period ending August 31, 2026 · Compared to 10-Q Oct 1, 2025 · ~2 min read

Key Changes

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  The company entered into definitive agreements to consolidate full ownership of Donlin Gold under a new parent, New NOVAGOLD, with closing expected in the fourth calendar quarter of 2026.

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  Cash and term deposits totaled $343.4 million as of August 31, 2026, which management believes is sufficient to complete the Donlin Gold BFS, exercise the Company's option to prepay the Barrick promissory note in the fourth calendar quarter of 2026, and cover corporate general and administrative costs for at least the next twelve months.

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  Fiscal 2026 operating expenditure guidance was increased by $11.5 million to $110.0 million, reflecting higher corporate general and administrative costs of approximately $31.2 million, excluding share based compensation, and unchanged Donlin Gold funding guidance of approximately $78.8 million reflecting the Company’s 60% share of the Donlin Gold project expenditures for 2026.

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