Canada's NovaGold to acquire full ownership of Donlin Gold
NG•NovaGold announced a deal to acquire the remaining 40% interest in Donlin Gold, with closing expected by year-end 2026 pending approvals. The company ended Q3 with $343.4 million in cash and term deposits and raised 2026 operating expenditure guidance by $11.5 million to $110 million.
1. Donlin Gold deal
NovaGold announced a deal to acquire the remaining 40% interest in Donlin Gold. The company expects the acquisition to close by year-end 2026, pending approvals.
2. Costs and study timeline
NovaGold reported a Q3 loss per share of $0.08. Higher operating expenditures reflected increased funding for Donlin Gold’s Bankable Feasibility Study and transaction-related professional fees. The study remains on track for completion in 2027.
3. Cash and guidance
NovaGold ended Q3 with $343.4 million in cash and term deposits. It raised 2026 operating expenditure guidance by $11.5 million to $110 million.
