NG:CC - NovaGold Resources GAAP EPS of -$0.04 misses by $0.01
- NovaGold Resources press release ( NYSE: NG ): Q2 GAAP EPS of -$0.04 misses by $0.01 .
- Building on the success of the 2021 drill program, drilling commenced in February 2022 with four drill rigs operating for 34,000 meters of planned drilling.
- NOVAGOLD’s robust balance sheet of $142 million in cash and term deposits as of May 31, 2022, with additional funds of $25 million due in July 2023 from Newmont Corporation, should be sufficient to advance Donlin Gold to a construction decision.
- 2022 Outlook: We anticipate spending approximately $46 million in 2022, which includes $13 million for corporate general and administrative costs; $3 million for withholding taxes on PSUs and other working capital; and $30 million to fund our share of expenditures at the Donlin Gold project.
- Shares -0.19% AH.
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NovaGold Resources GAAP EPS of -$0.04 misses by $0.01