Novagold Resources (NG) Tax Rate (2014 - 2024)
Novagold Resources' (NG) quarterly Tax Rate came in at 7.23% in Q4 2024, down 11423.0% YoY from N/an in Q4 2023, and up 590.34% on a QoQ basis from 1.47% in Q3 2024.
Novagold Resources (NG) Tax Rate (2014 - 2024) Analysis & Trends
Novagold Resources (NG) has 11 years of Tax Rate data on file, last reported at 7.23% in Q4 2024.
- Quarterly Tax Rate fell 11423.0% year-over-year to 7.23% in Q4 2024, while the trailing twelve-month figure through Aug 2025 was 0.9% (down 2580.0% YoY) and the FY2024 annual result came in at 0.09%, down 2709.0% from the prior year.
- Tax Rate climbed to 7.23% in Q4 2024, from 1.47% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 121.46% in Q4 2023 to a low of 16.89% in Q4 2020.
- A 5-year average of 7.13% and a median of 0.98% in 2024 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2023 — Tax Rate jumped 12215 bps — and 2024, when it slumped 11423 bps.
- Tracing NG's Tax Rate over 5 years: stood at 16.89% in 2020, then soared by 102 bps to 0.36% in 2021, then tumbled by 292 bps to 0.69% in 2022, then soared by 17671 bps to 121.46% in 2023, then sank by 94 bps to 7.23% in 2024.
- The last three Tax Rate figures came in at 7.23% (Q4 2024), 1.47% (Q3 2024), and 4.57% (Q2 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 140.55 Bn | 131.54 Bn | 4.03 Bn | 31.74% |
| 2 | Agnico Eagle Mines | 108.81 Bn | 105.35 Bn | 2.43 Bn | 31.10% |
| 3 | Barrick Mining | 78.94 Bn | 73.02 Bn | 2.90 Bn | 27.90% |
| 4 | Wheaton Precious Metals | 71.20 Bn | 71.10 Bn | 687.86 Mn | 15.78% |
| 5 | AngloGold Ashanti | 61.13 Bn | 58.30 Bn | 1.70 Bn | -28.19% |
| 6 | Gold Fields | 42.67 Bn | 40.89 Bn | - | - |
| 7 | Pan American Silver | 22.23 Bn | 20.66 Bn | 457,000.00 | -36.98% |
| 8 | Coeur Mining | 21.92 Bn | 20.87 Bn | 535.85 Mn | 43.35% |
| 9 | Royal Gold | 21.91 Bn | 21.73 Bn | 390.45 Mn | 19.69% |
| 10 | Novagold Resources | 3.85 Bn | 3.85 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Nov 30, 2024 | 7.23% |
| Nov 30, 2024 | 7.23% |
| Nov 30, 2024 | 7.23% |
| Aug 31, 2024 | -1.47% |
| Aug 31, 2024 | -1.47% |
| Aug 31, 2024 | -1.47% |
| May 31, 2024 | -4.57% |
| May 31, 2024 | -4.57% |
| May 31, 2024 | -4.57% |
| Feb 29, 2024 | -0.98% |
| Feb 29, 2024 | -0.98% |
| Feb 29, 2024 | -0.98% |
| Nov 30, 2023 | 121.46% |
| Nov 30, 2023 | 121.46% |
| Nov 30, 2023 | 121.46% |
| Feb 28, 2023 | -0.71% |
| Feb 28, 2023 | -0.71% |
| Feb 28, 2023 | -0.71% |
| Nov 30, 2022 | -0.69% |
| Nov 30, 2022 | -0.69% |