Short answer
NOVAGOLD RESOURCES INC (NG) filed its Q2 2026 10-Q quarterly report on Jun 24, 2026 for the quarter ended May 31, 2026. Quarterly revenue was $0 with net income of −$25M.
Q2 2026 key financials · XBRL
- Revenue
- $0
- Net income
- −$25M
- +53.0% YoY · −65.2% QoQ
- EPS (diluted)
- −$0.06
- +62.5% YoY · −50.0% QoQ
Source: XBRL data from the NOVAGOLD RESOURCES INC (NG) Q2 2026 10-Q on SEC EDGAR. USD.
NOVAGOLD RESOURCES INC Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net loss $25.5M, versus $54.3M YoY; loss per share $0.06 versus $0.15
- Operating loss increased $10.4M YoY from higher Donlin Gold BFS expenditures
- Donlin Gold funding $16.3M in Q2; fiscal 2026 guidance unchanged at $78.8M
- Cash resources $371.4M at May 31, 2026, including cash, term deposits, and marketable securities
- Private placement generated $310.2M gross proceeds; management expects additional capital for detailed engineering
Risk Factors
- Newly added risk: elevated energy prices tied to Iran-related geopolitics and Strait of Hormuz shipping disruptions
- Most materially updated risk: Donlin Gold cost estimates exposed to persistent inflation and higher energy prices
- Project economics risk: increased input costs could require additional financing or delay construction
- Operational risk: energy-cost inflation affecting transportation, equipment operation, labor, materials and contractors
- Market risk: prolonged global energy-supply disruptions could sustain higher oil and fuel prices
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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