)
Overview
<ul>
<li>Canada gold developer’s fiscal Q1 net loss widens as Donlin Gold BFS activities ramp up</li>
<li>Company raised $294 mln in private placement, ending Q1 with $393 mln in cash and term deposits</li>
<li>Fluor named lead engineering firm for Donlin Gold BFS; key infrastructure contracts awarded</li>
</ul>
Outlook
<ul>
<li>NovaGold maintains 2026 operating expenditure guidance at $98.5 mln, unchanged from prior forecast</li>
<li>Company expects pro-rata share of Donlin Gold expenditures to increase over next 18 to 24 months</li>
<li>NovaGold targets completion of Donlin Gold Bankable Feasibility Study in 2027</li>
</ul>
Result Drivers
<ul>
<li>HIGHER PROJECT SPENDING - Increased expenditures at Donlin Gold due to commencement of Bankable Feasibility Study and hiring for key roles</li>
<li>INCREASED ADMIN COSTS - Higher general and administrative expenses contributed to the wider net loss Company press release:</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
<h3>Q1 EPS -$0.04</h3>
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 4 “strong buy” or “buy”, no “hold” and no “sell” or “strong sell”</li>
<li>The average consensus recommendation for the gold peer group is “buy”</li>
<li>Wall Street’s median 12-month price target for NovaGold Resources Inc is $13.00, about 44.8% above its March 31 closing price of $8.98 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</li>
</ul>

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VanEck Junior Gold Miners ETF

Canada's NovaGold Q1 net loss widens as Donlin Gold spending rises