Novagold Resources (NG) Interest Expenses (2012 - 2026)
Novagold Resources' (NG) quarterly Interest Expenses came in at $30.5 million in Q2 2026, up 723.87% YoY from $3.7 million in Q2 2025, and down 60.2% on a QoQ basis from $76.7 million in Q1 2026.
Novagold Resources (NG) Interest Expenses (2012 - 2026) Analysis & Trends
Novagold Resources (NG) has 15 years of Interest Expenses data on file, last reported at $30.5 million in Q2 2026.
- Quarterly Interest Expenses rose 723.87% year-over-year to $30.5 million in Q2 2026, while the trailing twelve-month figure through May 2026 was $30.5 million (up 107.09% YoY) and the FY2025 annual result came in at $312.0 million, up 2012.03% from the prior year.
- Interest Expenses fell to $30.5 million in Q2 2026, from $76.7 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $76.7 million in Q1 2026 to a low of $1.7 million in Q2 2022.
- A 5-year average of $10.4 million and a median of $3.7 million in 2024 frame the typical range for Interest Expenses.
- Annual changes were most pronounced in 2022 — Interest Expenses tumbled 96.84% — and 2026, when it surged 2051.71%.
- Tracing NG's Interest Expenses over 5 years: stood at $2.6 million in 2022, then surged by 35.28% to $3.5 million in 2023, then increased by 4.84% to $3.6 million in 2024, then rose by 0.88% to $3.7 million in 2025, then soared by 731.27% to $30.5 million in 2026.
- The last three Interest Expenses figures came in at $30.5 million (Q2 2026), $76.7 million (Q1 2026), and $3.7 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 140.62 Bn | 131.61 Bn | 4.03 Bn | - |
| 2 | Agnico Eagle Mines | 108.63 Bn | 105.17 Bn | 2.43 Bn | 16.04 Mn |
| 3 | Barrick Mining | 79.52 Bn | 73.59 Bn | 2.90 Bn | - |
| 4 | Wheaton Precious Metals | 71.66 Bn | 71.56 Bn | 687.86 Mn | 31.10 Mn |
| 5 | AngloGold Ashanti | 61.94 Bn | 59.11 Bn | 1.70 Bn | - |
| 6 | Gold Fields | 42.80 Bn | 41.02 Bn | - | - |
| 7 | Pan American Silver | 22.38 Bn | 20.82 Bn | 457,000.00 | 10.00 Mn |
| 8 | Royal Gold | 22.01 Bn | 21.83 Bn | 390.45 Mn | 10.01 Mn |
| 9 | Coeur Mining | 21.75 Bn | 20.70 Bn | 535.85 Mn | - |
| 10 | Novagold Resources | 3.82 Bn | 3.82 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 30.54 Mn |
| May 31, 2026 | 30.54 Mn |
| Feb 28, 2026 | 76.73 Mn |
| Feb 28, 2026 | 76.73 Mn |
| Nov 30, 2025 | 3.67 Mn |
| Nov 30, 2025 | 3.67 Mn |
| Aug 31, 2025 | 16.84 Mn |
| Aug 31, 2025 | 16.84 Mn |
| May 31, 2025 | 3.71 Mn |
| May 31, 2025 | 3.71 Mn |
| Feb 28, 2025 | 3.57 Mn |
| Feb 28, 2025 | 3.57 Mn |
| Nov 30, 2024 | 3.64 Mn |
| Nov 30, 2024 | 3.64 Mn |
| Aug 31, 2024 | 3.83 Mn |
| Aug 31, 2024 | 3.83 Mn |
| May 31, 2024 | 3.70 Mn |
| May 31, 2024 | 3.70 Mn |
| Feb 29, 2024 | 3.60 Mn |
| Feb 29, 2024 | 3.60 Mn |