NYSE$NG
Novagold Resources Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Released first quarter 2021 financial results and provided an update on its Tier One gold development project Donlin Gold.
NOVAGOLD reported its Q1 2021 financial results, highlighting the successful completion of the 2020 drill program at Donlin Gold with outstanding assay results and strengthened community engagement. The company has a strong treasury with $114 million in cash and term deposits and expects to receive an additional $75 million in July 2021.
- Donlin Gold completed its COVID-free 2020 drill program with outstanding assay results.
- Drilled grade-thicknesses exceeded previous modeling predictions, with new high-grade extensions identified.
- Community engagement was further strengthened in response to the global pandemic.
- NOVAGOLD has a strong $114 million treasury with a further $75 million due in July 2021.
Headline financials
Revenue & EPS history
Novagold · Revenue · Quarterly
$0
Forward guidance
NOVAGOLD anticipates spending approximately $31 to $35 million in 2021, primarily on the Donlin Gold project and corporate general and administrative costs. The company aims to advance the Donlin Gold project, maintain stakeholder support, promote safety and sustainability, and manage the treasury effectively.
Tailwinds
- Continue to advance the Donlin Gold project toward a construction decision.
- Maintain/increase support for Donlin Gold among the project’s stakeholders.
- Promote a strong safety, sustainability, and environmental culture.
- Maintain a favorable reputation of NOVAGOLD, its governance practices, and its project among shareholders.
- Manage the Company treasury effectively and efficiently, including streamlining the corporate structure.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2021
-1.0%
Avg return
Earnings day
-0.7%
Avg return
5 days after
+1.9%
Avg return
30 days after
51%
28 / 55 earnings
Positive
+14.8%
Q3 2025
Best reaction
-17.0%
Q3 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | +12.5% | -3.2% | — | |
| Q4 2025 | +5.2% | +17.5% | +7.8% | |
| Q3 2025 | +14.8% | +9.8% | -5.8% | |
| Q2 2025 | +0.8% | +9.8% | +21.6% | |
| Q1 2025 | +2.1% | -10.6% | +43.2% | |
| Q4 2024 | -6.8% | -5.0% | -5.6% | |
| Q3 2024 | -12.3% | -19.3% | -16.9% | |
| Q2 2024 | +2.5% | -4.0% | +34.2% | |
| Q1 2024 | -5.6% | -0.6% | -5.9% | |
| Q4 2023 | -14.4% | -19.3% | -30.8% | |
| Q3 2023 | -3.1% | -0.8% | +0.6% | |
| Q2 2023 | -14.1% | -13.4% | -7.4% | |
| Q1 2023 | -5.0% | -4.9% | -10.6% | |
| Q4 2022 | -6.3% | -10.2% | -20.7% | |
| Q3 2022 | -3.7% | -7.5% | -10.8% | |
| Q2 2022 | -11.4% | -9.9% | -10.1% | |
| Q1 2022 | -3.5% | -1.1% | -26.0% | |
| Q4 2021 | -9.8% | -3.2% | +3.5% | |
| Q3 2021 | +2.4% | +5.7% | +8.8% | |
| Q2 2021 | -0.7% | +5.9% | -0.6% | |
| Q1 2021 | +8.9% | +7.6% | +5.1% | |
| Q4 2020 | +5.6% | +6.8% | -6.9% | |
| Q3 2020 | -2.6% | -5.7% | -12.3% | |
| Q2 2020 | -2.1% | +0.5% | +0.2% | |
| Q1 2020 | +11.1% | +19.6% | +54.5% | |
| Q4 2019 | +4.2% | +2.3% | +6.2% | |
| Q3 2019 | +4.4% | +7.1% | +19.9% | |
| Q2 2019 | +5.3% | +1.8% | +14.4% | |
| Q1 2019 | +4.7% | +5.7% | -3.9% | |
| Q4 2018 | -2.2% | +2.8% | +9.5% | |
| Q3 2018 | +6.2% | +8.4% | +13.3% | |
| Q2 2018 | -1.6% | +1.8% | -0.9% | |
| Q1 2018 | -1.5% | +1.8% | +9.8% | |
| Q4 2017 | -2.5% | -4.5% | +2.0% | |
| Q3 2017 | -1.9% | +1.7% | -1.4% | |
| Q2 2017 | +5.3% | -0.2% | +0.2% | |
| Q1 2017 | +0.2% | +0.4% | -17.7% | |
| Q4 2016 | +0.4% | -0.4% | +12.8% | |
| Q3 2016 | -17.0% | -26.2% | -2.7% | |
| Q2 2016 | -5.3% | +6.1% | +4.1% | |
| Q1 2016 | +2.7% | — | — | |
| Q4 2015 | -0.2% | — | — | |
| Q3 2015 | +1.6% | — | — | |
| Q2 2015 | -5.8% | — | — | |
| Q1 2014 | +7.2% | — | — | |
| Q4 2014 | -8.8% | — | — | |
| Q1 2013 | +2.7% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q3 2012 | +0.3% | — | — | |
| Q1 2012 | +0.3% | — | — | |
| Q4 2012 | +0.3% | — | — | |
| Q2 2012 | +0.3% | — | — | |
| Q3 2013 | -6.7% | — | — | |
| Q2 2013 | +0.5% | — | — | |
| Q4 2013 | -9.9% | — | — |
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