NOVAGOLD reports $36.0M Q3 loss and raises 2026 spending guidance by $11.5M
NOVAGOLD reported a net loss of $36.0 million, or ($0.08) per share, for the quarter ended August 31, 2026, a period in which it had no production. It raised its fiscal 2026 operating expenditure guidance by $11.5 million to approximately $110.0 million, citing legal and professional fees tied to its pending all-share deal to acquire Paulson's 40% interest in Donlin Gold, which would give it 100% ownership. That deal is expected to close by year-end, subject to shareholder approval at a special meeting on November 3, 2026.
Key points
- Q3 ended August 31, 2026: net loss of $36.0 million and EPS of ($0.08); the company is development-stage with no production.
- Fiscal 2026 operating expenditure guidance raised $11.5 million to approximately $110.0 million; Donlin Gold funding guidance unchanged at approximately $78.8 million.
- Cash and term deposits were $343.4 million as of August 31, 2026, down from $370.2 million as of May 31, 2026.
- Paulson 40% Donlin Gold stake acquisition expected to close in the fourth calendar quarter of 2026; special shareholder meeting set for November 3, 2026.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 08, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.