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NovaGold Resources NG Equity Method Investments

Equity Method Investments at other companies

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NewmontNEM
$3.71B-16.8%
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$106.42M-0.5%
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Idaho Strategic ResourcesIDR
$0
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Contango Silver & GoldCTGO
$50.87M-13.6%
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Hecla MiningHL
$158.48M

Other financials

Income statement

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Revenue-
Operating income-$11.8M-24.9%
Net income-$25.5M-7.7%
EPS (diluted)-$0.03

Balance sheet

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Cash & equivalents$78.2M-73.4%
Total debt$173.6M+9.4%
Total equity$421.0M+155%
Total assets$598.7M+81.8%

Cash flow

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Operating cash flow-$6.4M-293%
CapEx--100%
Free cash flow-$4.0M-181%

Valuation

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Market cap$3.33B+41.6%
Enterprise value$3.43B+54.5%

Returns & leverage

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Return on equity-30.1%
Debt / equity0.4×-0.5×
Current ratio112.8×+36.1×

Where this comes from

Reported directly by NovaGold Resources in its filing.

Tagged under the XBRL concept us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures.

The source filing: NovaGold Resources’s 10-Q, filed June 24, 2026.

Filed
Jun 24, 2026, 8:00 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001171843-26-004279
Line itemAs of May 31, 2026As of November 30, 2025
Term deposits292,0005,000
Other assets (Note 6)5,8232,344
Current assets376,039117,487
Investment in Donlin Gold (Note 5)221,990213,202
Other assets (Note 6)7155,224
$598,744$335,913
LIABILITIES
Accounts payable and accrued liabilities$1,380$1,981

Item 1. Financial Statements[](#)

FAQ

What is NovaGold Resources's equity method investments?
NovaGold Resources (NG) reported equity method investments of $221.99M in Q1 2026.
How has NovaGold Resources's equity method investments changed year-over-year?
NovaGold Resources's equity method investments increased by 5125.8% year-over-year, from $4.25M to $221.99M.
What is the long-term trend for NovaGold Resources's equity method investments?
Over 5 years (2020 to 2025), NovaGold Resources's equity method investments has grown at a 141.2% compound annual growth rate (CAGR), from $2.61M to $213.2M.
What does equity method investments mean?
Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.

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