NovaGold Resources (NG)
Developer of the Donlin Gold project in southwestern Alaska.
Something off on this page? Send us feedback.
Develops Donlin Gold in southwestern Alaska, advancing engineering, permitting, and feasibility work for a proposed gold mine. With no current production or mining revenue, funding comes from capital markets and asset-sale proceeds, while economic exposure is concentrated in this single project.
Develops the Donlin Gold project in southwestern Alaska, a proposed open-pit gold mine and mill owned through Donlin Gold LLC. Corporate staff in Salt Lake City and Vancouver oversee exploration, engineering, permitting, feasibility work, financing, and project evaluation; Donlin Gold is the project operator. There is no producing mine, mining revenue, or product sales.
Progress depends on completing a bankable feasibility study and on capital-market financing for development and construction. The remote design requires a port, access road, gas pipeline, power and processing facilities, while land agreements with Alaska Native owners underpin the mine site. Major permits remain in force alongside supplemental environmental review, a state-court appeal, remaining pipeline land rights, construction-stage permits, and dam-safety work.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 8, 2026 | Morgan Stanley | Target | Target: — | Target: $13.60 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, May 31, 2026Cash & short-term investments $371.4M · Total debt $174.3M · Total assets $598.7M · Shareholders' equity $421.0M
- Revenue
- $0
- Operating income
- −$25.8M
- Net income
- −$25.5M
No dividends on record.
| Institutions | ≈ 76.08% | 333.84M shares | |
|---|---|---|---|
| 263 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 8.02% | 35.19M shares | |
| 9 holders · as of Sep 3, 2026 | |||
| Other | ≈ 15.90% | 69.76M shares | |
| remainder | |||
438.78M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Electrum Group LLCInstitution | 21.17% | 92.90M | as of Jun 30, 2026 |
Giovanni Agnelli B.V.Insider | 7.95% | 34.90M | filed Aug 11, 2025 |
Exor Capital LLPInstitution | 7.19% | 31.53M | as of Jun 30, 2026 |
Paulson & Co. Inc.Institution | 6.21% | 27.24M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 4.96% | 21.77M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Perpetua Resources
U.S. project-finance and build-out rival for development-stage gold assets.
- Skeena Resources
Canadian feasibility-stage peer for capital and execution talent.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| NovaGold Resources | $7.67 | +4.14% | $3.23B | — | — | — | — |
| Perpetua Resources | $24.45 | +3.25% | $2.96B | — | — | — | — |
| Skeena Resources | $33.02 | +3.84% | $3.95B | — | — | — | — |