Novagold Resources (NG) Tax Rate (2014 - 2024)
Novagold Resources (NG) posted Tax Rate of 1.19% for Q4 2024, up 180.89% quarter-over-quarter from 1.47% in Q3 2024, and up 85.0% year-on-year from 0.64% in Q4 2023.
Novagold Resources (NG) Tax Rate (2014 - 2024) Analysis & Trends
Novagold Resources (NG) has reported Tax Rate for 11 consecutive years, with 1.19% the latest figure, recorded in Q4 2024.
- Tax Rate for Q4 2024 came in at 1.19%, up 85.0% year-over-year; the trailing twelve-month figure through Aug 2025 was 0.15% (up 199.0% YoY), and the FY2024 annual result was 1.61%, down 153.0% from the prior year.
- Tax Rate was 1.19% for Q4 2024 at Novagold Resources, up from 1.47% in the prior quarter.
- Over five years, Tax Rate peaked at 1.19% in Q4 2024 and troughed at 8.84% in Q4 2020.
- Average Tax Rate over 5 years is 2.04%, with a median of 0.98% recorded in 2024.
- Year-over-year, Tax Rate slumped 1493 bps in 2020 and soared 906 bps in 2021.
- Over 5 years, Tax Rate stood at 8.84% in 2020, then jumped by 102 bps to 0.22% in 2021, then slumped by 418 bps to 0.69% in 2022, then jumped by 150 bps to 0.34% in 2023, then surged by 246 bps to 1.19% in 2024.
- Per Business Quant data, the three most recent Tax Rate figures were 1.19% in Q4 2024, 1.47% in Q3 2024, and 4.57% in Q2 2024.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | -22.87% |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | 85.30% |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 30.63% |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | -16.06% |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 14.49% |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | -4.28% |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 21.40% |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | -35.21% |
| 10 | Novagold Resources | 2.67 Bn | 2.67 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Nov 30, 2024 | 1.19% |
| Nov 30, 2024 | 1.19% |
| Aug 31, 2024 | -1.47% |
| Aug 31, 2024 | -1.47% |
| May 31, 2024 | -4.57% |
| May 31, 2024 | -4.57% |
| Feb 29, 2024 | -0.98% |
| Feb 29, 2024 | -0.98% |
| Nov 30, 2023 | 0.34% |
| Nov 30, 2023 | 0.34% |
| Feb 28, 2023 | -0.71% |
| Feb 28, 2023 | -0.71% |
| Nov 30, 2022 | -0.69% |
| Nov 30, 2022 | -0.69% |
| Nov 30, 2021 | 0.22% |
| Nov 30, 2021 | 0.22% |
| Aug 31, 2021 | -0.94% |
| Aug 31, 2021 | -0.94% |
| Nov 30, 2020 | -8.84% |
| Nov 30, 2020 | -8.84% |