Novagold Resources (NG) Operating Expenses (2013 - 2026)

Novagold Resources (NG) posted Operating Expenses of $14.9 million for Q1 2026, up 5.2% quarter-over-quarter from $14.2 million in Q4 2025, and up 110.04% year-on-year from $7.1 million in Q1 2025.

Novagold Resources (NG) Operating Expenses (2013 - 2026) Analysis & Trends

Novagold Resources (NG) has reported Operating Expenses for 14 consecutive years, with $14.9 million the latest figure, recorded in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $14.9 million, up 110.04% year-over-year; the trailing twelve-month figure through May 2026 was $42.8 million (up 17.56% YoY), and the FY2025 annual result was $47.3 million, up 24.92% from the prior year.
  • Operating Expenses was $14.9 million for Q1 2026 at Novagold Resources, up from $14.2 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $14.9 million in Q1 2026 and troughed at -$10.1 million in Q1 2023.
  • Average Operating Expenses over 5 years is $9.9 million, with a median of $11.0 million recorded in 2022.
  • Year-over-year, Operating Expenses slumped 209.38% in 2023 and soared 191.45% in 2024.
  • Over 5 years, Operating Expenses stood at $11.0 million in 2022, then slipped by 27.63% to $7.9 million in 2023, then climbed by 14.87% to $9.1 million in 2024, then jumped by 55.63% to $14.2 million in 2025, then grew by 5.2% to $14.9 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $14.9 million in Q1 2026, $14.2 million in Q4 2025, and $13.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Barrick Mining 978.09 Bn 980.39 Bn 3.12 Bn 155.00 Mn
2 Trx Gold 189.48 Bn 189.48 Bn 21.05 Mn -7.01 Mn
3 Newmont 101.22 Bn 92.61 Bn 7.29 Bn 2.84 Bn
4 OR Royalties 53.18 Bn 53.08 Bn 88.84 Mn -19.25 Mn
5 Wheaton Precious Metals 50.59 Bn 48.43 Bn 699.37 Mn 89.82 Mn
6 Aura Minerals 50.25 Bn 50.25 Bn 19.58 Mn -1.16 Mn
7 Franco Nevada 40.21 Bn 39.50 Bn 526.30 Mn 9.20 Mn
8 Gold Fields 30.19 Bn 28.41 Bn - -
9 Kinross Gold 28.01 Bn 25.95 Bn 1.44 Bn 83.10 Mn
10 Novagold Resources 2.67 Bn 2.67 Bn - -

Historic Data

Download Data
DateValue
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