Novagold Resources (NG) Operating Expenses (2013 - 2026)
Novagold Resources (NG) reported Operating Expenses of $14.9 million for Q1 2026, up 110.04% on a YoY basis from $7.1 million in Q1 2025, and up 5.2% quarter-over-quarter from $14.2 million in Q4 2025.
Novagold Resources (NG) Operating Expenses (2013 - 2026) Analysis & Trends
Novagold Resources has reported Operating Expenses for 14 years, with the latest figure at $14.9 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 110.04% year-over-year to $14.9 million; the trailing twelve-month figure through Feb 2026 stood at $55.1 million (up 54.19% YoY), and the FY2025 full-year result was $47.3 million, up 24.92% from the prior year.
- Operating Expenses for Q1 2026 stood at $14.9 million, up from $14.2 million in the prior quarter.
- The five-year high for Operating Expenses was $14.9 million in Q1 2026, with the low at -$10.1 million in Q1 2023.
- Historically, Operating Expenses has averaged $9.9 million across 5 years, with a median of $11.0 million in 2022.
- Annual changes were most pronounced in 2023 — Operating Expenses plunged 209.38% — and 2024, when it jumped 191.45%.
- Novagold Resources' Operating Expenses 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Seabridge Gold | 2,186.27 Bn | 2,186.17 Bn | - | -4.48 Mn |
| 2 | Barrick Mining | 1,048.41 Bn | 1,051.14 Bn | 3.12 Bn | 155.00 Mn |
| 3 | Wheaton Precious Metals | 429.35 Bn | 428.20 Bn | 699.37 Mn | 76.85 Mn |
| 4 | Alamos Gold | 144.86 Bn | 144.19 Bn | 442.20 Mn | 19.40 Mn |
| 5 | Gold Fields | 136.49 Bn | 134.71 Bn | - | - |
| 6 | Kinross Gold | 110.14 Bn | 107.96 Bn | 1.44 Bn | 83.10 Mn |
| 7 | Newmont | 106.92 Bn | 98.31 Bn | 7.29 Bn | 2.84 Bn |
| 8 | Equinox Gold | 51.34 Bn | 50.84 Bn | - | 300,000.00 |
| 9 | AngloGold Ashanti | 47.89 Bn | 44.92 Bn | 1.94 Bn | 999.00 Mn |
| 10 | Novagold Resources | 2.99 Bn | 2.87 Bn | - | 14.92 Mn |
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 |