The miner reported a Q2 GAAP loss matching estimates, with 2026 operating expenditure guidance unchanged at $98.5 million.
NovaGold Resources reported a Q2 GAAP loss of $0.06 per share, in line with market expectations. The company confirmed its fiscal 2026 operating expenditure guidance remains at $98.5 million, consistent with prior disclosures.
Of the total, $78.8 million is allocated to the Donlin Gold project, while $19.7 million is earmarked for corporate general and administrative costs. The guidance reflects no adjustments from earlier projections.
No immediate market reaction was disclosed in the release.