Novagold Resources (NG) Operating Expenses (2013 - 2026)
Novagold Resources' (NG) quarterly Operating Expenses came in at $14.9 million in Q1 2026, up 110.04% YoY from $7.1 million in Q1 2025, and up 5.2% on a QoQ basis from $14.2 million in Q4 2025.
Novagold Resources (NG) Operating Expenses (2013 - 2026) Analysis & Trends
Novagold Resources (NG) has 14 years of Operating Expenses data on file, last reported at $14.9 million in Q1 2026.
- Quarterly Operating Expenses rose 110.04% year-over-year to $14.9 million in Q1 2026, while the trailing twelve-month figure through May 2026 was $42.8 million (up 17.56% YoY) and the FY2025 annual result came in at $47.3 million, up 24.92% from the prior year.
- Operating Expenses grew to $14.9 million in Q1 2026, from $14.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $14.9 million in Q1 2026 to a low of -$10.1 million in Q1 2023.
- A 5-year average of $9.9 million and a median of $11.0 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses plunged 209.38% — and 2024, when it jumped 191.45%.
- Tracing NG's Operating Expenses over 5 years: stood at $11.0 million in 2022, then fell by 27.63% to $7.9 million in 2023, then rose by 14.87% to $9.1 million in 2024, then jumped by 55.63% to $14.2 million in 2025, then gained by 5.2% to $14.9 million in 2026.
- The last three Operating Expenses figures came in at $14.9 million (Q1 2026), $14.2 million (Q4 2025), and $13.7 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 136.03 Bn | 127.02 Bn | 4.03 Bn | 3.02 Bn |
| 2 | Agnico Eagle Mines | 106.09 Bn | 102.63 Bn | 2.43 Bn | 119.48 Mn |
| 3 | Barrick Mining | 77.15 Bn | 71.23 Bn | 2.90 Bn | 165.00 Mn |
| 4 | Wheaton Precious Metals | 68.18 Bn | 68.08 Bn | 687.86 Mn | 11.33 Mn |
| 5 | AngloGold Ashanti | 58.68 Bn | 55.85 Bn | 1.70 Bn | 1.06 Bn |
| 6 | Gold Fields | 40.68 Bn | 38.90 Bn | - | - |
| 7 | Pan American Silver | 21.86 Bn | 20.29 Bn | 457,000.00 | -18,000.00 |
| 8 | Coeur Mining | 21.72 Bn | 20.67 Bn | 535.85 Mn | 869.08 Mn |
| 9 | Royal Gold | 21.39 Bn | 21.20 Bn | 390.45 Mn | 173.18 Mn |
| 10 | Novagold Resources | 3.80 Bn | 3.80 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 14.92 Mn |
| Nov 30, 2025 | 14.18 Mn |
| Aug 31, 2025 | 13.73 Mn |
| May 31, 2025 | 12.28 Mn |
| Feb 28, 2025 | 7.10 Mn |
| Nov 30, 2024 | 9.11 Mn |
| Aug 31, 2024 | 7.93 Mn |
| May 31, 2024 | 11.59 Mn |
| Feb 29, 2024 | 9.22 Mn |
| Nov 30, 2023 | 7.93 Mn |
| Aug 31, 2023 | 9.22 Mn |
| May 31, 2023 | 13.08 Mn |
| Feb 28, 2023 | -10.08 Mn |
| Nov 30, 2022 | 10.96 Mn |
| Aug 31, 2022 | 14.28 Mn |
| May 31, 2022 | 13.81 Mn |
| Feb 28, 2022 | 9.22 Mn |
| Nov 30, 2021 | 8.72 Mn |
| Aug 31, 2021 | 11.63 Mn |
| May 31, 2021 | 9.19 Mn |