NYSE$NG
Novagold Resources Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported third quarter financial results and provided an update on the advancement of the Donlin Gold project.
NOVAGOLD released its 2020 third quarter financial results, highlighting the completion of the planned drilling for 2020 at the Donlin Gold project and the maintenance of strict COVID-19 health and safety measures. The company's treasury remains robust due to prudent fiscal management.
- Completed the planned 2020 drilling program at Donlin Gold with 85 core holes encompassing approximately 23,400 meters.
- Implemented stringent health and safety measures due to the COVID-19 pandemic, allowing safe operation of drill rigs.
- Advanced state permitting for the Donlin Gold project, with key federal permitting milestones already completed.
- Maintained a strong balance sheet with $126.3 million in cash and term deposits as of August 31, 2020.
Headline financials
Revenue & EPS history
Novagold · Revenue · Quarterly
$0
Forward guidance
NOVAGOLD anticipates spending approximately $31 million in 2020 and is focused on advancing the Donlin Gold project, maintaining a healthy balance sheet, sustaining an effective corporate social responsibility program, and promoting a strong safety, sustainability, and environmental culture.
Tailwinds
- Continue to advance the Donlin Gold project toward a construction/production decision.
- Maintain a healthy balance sheet.
- Sustain an effective corporate social responsibility program.
- Promote a strong safety, sustainability, and environmental culture.
- Advance state permitting for the Donlin Gold project.
Headwinds
- Uncertainties involved in the interpretation of drill results and geological tests and the estimation of reserves and resources.
- Changes in mineral production performance, exploitation and exploration successes.
- Changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in the United States or Canada.
- Risks of construction and mining projects such as accidents, equipment breakdowns, bad weather, disease pandemics, non-compliance with environmental and permit requirements, unanticipated variation in geological structures, ore grades or recovery rates.
- Unexpected cost increases, which could include significant increases in estimated capital and operating costs.
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 Q3 2020
-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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