NG, CA66987E2069

NovaGold stock: NovaGold reports a USD 36.0 million loss. Donlin vote tests NovaGold stock

Published on 10/23/2026 at 04:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NovaGold reported a USD 36.0 million loss on October 8, 2026. NovaGold stock faces a November 3, 2026 vote on Donlin Gold ownership.

Donlin ownership vote approaches

NovaGold reported a USD 36.0 million loss for the third quarter on October 8, 2026.
Cash and term deposits stood at USD 343.4 million as of August 31, 2026.
Shareholders face an October 30, 2026 proxy deadline and a November 3, 2026 special meeting.

NG, CA66987E2069, Illustration mit AI erstellt.

NovaGold Resources (ISIN CA66987E2069) reported a USD 36.0 million net loss for the third quarter of 2026 and is approaching a November 3, 2026 vote on full ownership of Donlin Gold. The company also held USD 343.4 million in cash and term deposits as of August 31, 2026, according to Yahoo Finance.

Donlin ownership is the central vote

On October 5, 2026, NovaGold filed and mailed materials for a special meeting seeking approval to acquire Paulson Advisers' 40 percent interest in Donlin Gold. The transaction would raise NovaGold's ownership from 60 percent to 100 percent, while the company said the meeting would take place on November 3, 2026, according to GlobeNewswire.

The proposed consolidation comes with a higher spending burden. Third-quarter earnings per share were a loss of USD 0.08, compared with a consensus loss of USD 0.07, while the net loss widened from USD 15.6 million in the year-earlier quarter to USD 36.0 million, according to MarketBeat and Yahoo Finance.

What does the loss mean for funding?

NovaGold increased fiscal 2026 operating expenditure guidance by USD 11.5 million to approximately USD 110.0 million, while Donlin Gold funding guidance remained USD 78.8 million. The company said additional professional fees and transaction costs are expected as the ownership change moves toward completion.

Three steps led to the vote

On July 22, 2026, NovaGold announced the proposed acquisition of Paulson's 40 percent Donlin interest. On October 5, 2026, it filed the meeting materials and set the shareholder process in motion. On October 8, 2026, the company filed its third-quarter report and reiterated that the transaction is expected to close by year-end, subject to approvals.

Dates that matter next

The proxy voting deadline is October 30, 2026, at 10:00 a.m. Vancouver time. The special shareholder meeting follows on November 3, 2026, at 10:00 a.m. Vancouver time, according to GlobeNewswire.

Donlin scale meets higher costs

The investment case now rests on whether full Donlin ownership can justify the near-term financial pressure. The project is expected to produce 1.3 million ounces of gold annually during its first 10 full years once in production, while the bankable feasibility study remains targeted for completion in 2027.

NovaGold is listed on NYSE American and the Toronto Stock Exchange under NG. The company is a development-stage gold business centered on Donlin Gold in Alaska, so the November vote and the funding path are the next concrete tests for the project narrative.

NovaGold Resources has reported a USD 36.0 million third-quarter loss, with the November 3, 2026 shareholder meeting as its next major corporate date. The further course of trading is shown by the continuously updated real-time quote of NovaGold stock.