NG:CC - NovaGold Resources GAAP EPS of -$0.04

2023-06-28 00:40:11 ET

• NovaGold Resources press release ( NYSE: NG ): Q2 GAAP EPS of -$0.04.
• "With $109 million in cash and term deposits as of May 31, 2023, and another $25 million due in July 2023 from Newmont, we believe that we have sufficient resources to cover anticipated costs to fund our share of the Donlin Gold project through an updated feasibility study," the company said in a statement.
• 2023 Outlook: "We anticipate spending approximately $31 million in 2023, which includes $17 million to fund the Donlin Gold project, $13 million for corporate general and administrative costs, and $1 million for working capital and other items."

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