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Novagold Resources Inc New (NG)
NYSE MKT:NG
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.02Last Year’s EPS
-$0.04Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 02, 2024
|% Change Since: -22.14%
|Next Earnings Date:Jan 22, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted the substantial potential and readiness of the Donlin Gold project, backed by strong financials and community engagement. However, there were notable challenges, including legal issues and financial losses, which were addressed with plans for mitigation.Company Guidance
During the NOVAGOLD Q3 2024 earnings call, executives provided detailed guidance on the progress and future plans for the Donlin Gold project. The project boasts 39 million ounces of gold at an average grade of 2.25 grams per tonne, significantly above the industry average, with a projected mine life of nearly 30 years. Financially, NOVAGOLD reported a net loss of $10.7 million in Q3 2024, a $0.4 million decrease from the previous year, with a strong treasury of $105.6 million in cash and term deposits. The company expects to spend approximately $31 million for the full year 2024, with $17 million allocated for corporate G&A and $14 million for Donlin Gold. Executives highlighted the completion of various permitting processes, with the Dam Safety Certification anticipated by 2025, and emphasized ongoing collaborations with local communities to support sustainable development. Looking ahead, NOVAGOLD plans to advance towards an updated feasibility study, considering current high gold prices to maximize Donlin's potential benefits.Donlin Gold Project Potential
The Donlin Gold project is viewed as a Tier 1 asset with 39 million ounces of gold at an average grade of 2.25 grams per tonne, more than double the industry average. It has a projected mine life of nearly 3 decades, promising long-term stable and low-cost operation.
Strong Permitting Status
Donlin Gold has secured the necessary federal permits and the majority of the state permits, reinforcing its readiness for advancement. The project benefits from strong community partnerships, notably with Calista and TKC.
Financial Position
NOVAGOLD has a robust treasury with cash and cash equivalents of $45.6 million and term deposits of $60 million, aligning well with their 2024 budget.
Sustainability and Community Engagement
NOVAGOLD has strong community ties, with initiatives like salmon smolt monitoring and recycling programs that have removed nearly 800,000 pounds of waste since 2018.
Exploration and Economic Potential
Significant exploration opportunities exist beyond the defined resources, with a potential post-tax net present value of over $30 billion at today's gold prices.
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NG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 02, 2024 | $4.20 | $3.64 | -13.33% |
| Jun 26, 2024 | $3.39 | $3.63 | +7.08% |
| Apr 03, 2024 | $3.31 | $3.04 | -8.16% |
| Jan 24, 2024 | $3.17 | $2.97 | -6.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Novagold Resources Inc New (NG) report earnings?
Novagold Resources Inc New (NG) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Novagold Resources Inc New (NG) earnings time?
Novagold Resources Inc New (NG) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NG EPS forecast?
NG EPS forecast for the fiscal quarter 2024 (Q4) is -$0.02.
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