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Add as a preferred source on GoogleNovaGold Resources Posts $0.08 GAAP Loss in Third Quarter
The company held $343.4 million in cash and term deposits as of Aug. 31, while quarterly operational cash expenditures totaled $28.1 million.
NovaGold Resources Inc. posted a third-quarter GAAP loss of $0.08 per share, missing expectations by $0.04 as the mining company reported its latest cash position and operating expenditures.
NovaGold held approximately $343.4 million in cash and term deposits as of Aug. 31, 2026. Net operational cash expenditures totaled $28.1 million during the quarter.
That figure included $24.8 million for NovaGold’s share of funding for Donlin.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.