NOVAGOLD Files Second Quarter 2026 Report Advancing Key Donlin Gold Workstreams Up the Value Chain to Build America’s Largest Gold Mine
NOVAGOLD reported Q2 2026 financial results with $370.2 million in cash and term deposits, confirming sufficient liquidity to complete the Donlin Gold Bankable Feasibility Study (BFS) and prepay the Barrick note. The company reiterated 2026 operating expenditure guidance of $98.5 million as project engineering workstreams led by Fluor advance toward a targeted BFS completion in 2027.
Key figures
- Guidance
- FY2026 operating expenditures approximately $98.5 million
- Q2 earnings
- -$25.5 million
- Average grade
- 2.22 grams per tonne
- Bfs completion target
- 2027
- Cash and term deposits
- $370.2 million
- Expected annual production
- >1 million ounces
- Measured indicated resources
- 40 million ounces
- Donlin gold project ownership
- 60%
- Q2 operational cash expenditure
- $22.7 million
AI analysis
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