Revenue distribution by industry: 100% from mining (gold production)

TOP 3 markets:

1. USA: 60%
2. Canada: 25%
3. Europe: 15%

NovaGold Resources Inc. focuses entirely on gold mining, particularly on the development and production of gold projects. The majority of revenues are generated in the USA, attributed to the significant Donlin Gold project in Alaska. Canada and Europe follow as other important markets, with investments and partnerships in these regions contributing to revenue distribution.

Production Sites: No active production (as of 2025)

NovaGold Resources Inc. is an exploration company focusing on the development of gold projects. Currently, the company has no active production. NovaGold's main project is the Donlin Gold project in Alaska, which is still in the development phase.

The company is working to secure the necessary permits and investments to start production in the future. Until then, NovaGold remains a company specializing in the exploration and development of gold deposits.

Focus on Donlin Gold Project: Main Growth Strategy
Partnership with Barrick Gold: Strategic Collaboration
Sustainability and Environmental Friendliness: Long-term Orientation

NovaGold Resources Inc. is strongly focused on the development of the Donlin Gold Project in Alaska, which is considered one of the largest undeveloped gold deposits in the world. The company is working closely with Barrick Gold to efficiently utilize resources and advance project development.

Another important aspect of the growth strategy is the emphasis on sustainability and environmental friendliness. NovaGold is committed to upholding the highest standards of environmental compatibility and social responsibility to secure long-term permits and support from local communities.

In addition, the company plans to reduce costs and increase profitability through technological innovations and optimized operational processes. These strategic measures are intended to help NovaGold grow steadily in a volatile market environment.

Main Commodity: Gold

NovaGold Resources Inc. primarily focuses on the exploration and development of gold projects, particularly the Donlin Gold Project in Alaska, USA.

As NovaGold is primarily an exploration and development company, it does not import commodities for production. Instead, the company focuses on the development of gold deposits. The materials and equipment needed for exploration and development activities are typically sourced from the USA or other countries with strong mining equipment.

Main Equipment Supply Countries: USA, Canada

The specific countries from which materials and equipment are imported may vary depending on availability and delivery terms. Generally, these originate from countries with an established mining industry.

Market Position: Strong in gold exploration
Project Focus: Donlin Gold Project, Alaska
Resource Base: Over 39 million ounces of gold (estimated)

NovaGold Resources Inc. has a significant competitive advantage through its involvement in the Donlin Gold Project, which is considered one of the largest undeveloped gold deposits in the world. The strategic partnership with Barrick Gold, one of the largest gold producers, further enhances this advantage.

The company benefits from a strong resource base and a favorable geographical location in a politically stable area. These factors provide NovaGold with a solid foundation for future growth and potentially high profitability once the project goes into production.

However, the competitive advantage also depends on successful development and future gold prices. The ability to efficiently develop the project and control costs will be crucial for long-term competitiveness.

Institutional Investor Share: approx. 65% (2025, estimated) Insider Buys/Sells: No significant changes reported (2025, estimated)

The institutional investor share in NovaGold Resources Inc. remains relatively high, indicating the trust of large investment funds and institutional investors in the company. These investors typically appreciate the company's long-term prospects and strategic direction.

Regarding insider buys or sells, there are no significant transactions indicating a change in management's confidence in the company's development. This could suggest that the management is satisfied with the current corporate strategy and future prospects.

Market share of NovaGold Resources Inc.: Estimate: <1% (2025)

Main competitors and their market shares:

1. Barrick Gold Corporation: ~10% (2025)
2. Newmont Corporation: ~9% (2025)
3. AngloGold Ashanti Limited: ~5% (2025)
4. Kinross Gold Corporation: ~4% (2025)
5. Gold Fields Limited: ~3% (2025)

NovaGold Resources Inc. is a relatively small player in the global gold market. Their market share is below 1%, which is attributed to their focus on specific projects like the Donlin Gold Project.

NovaGold's moat mainly consists of the strategic location and potentially high gold reserves of the Donlin Gold Project, which represents one of the largest undeveloped gold deposits in the world. This could provide a significant advantage in the future, especially if gold prices rise or production commences.

In comparison, larger companies like Barrick Gold and Newmont Corporation have a stronger moat due to their diversified and established production facilities, larger financial resources, and global presence. These factors enable them to better cushion economic fluctuations and benefit from economies of scale.

In summary, NovaGold currently does not have a significant moat compared to larger, established gold producers. Their potential advantage lies in the future development of their projects, which, however, come with risks and uncertainties.

Market Capitalization: $2.5 billion USD (estimated 2025)
Project Development: Advanced phase in the Donlin Gold Project
Gold Reserves: Estimated at 39 million ounces (2023)

NovaGold Resources Inc. is focused on the development of the Donlin Gold Project in Alaska, which is considered one of the largest undeveloped gold deposits in the world. The advanced phase of project development is a positive indicator, as it suggests a possible start of production in the near future.

The estimated 39 million ounces of gold reserves provide a solid foundation for future growth potential. This is particularly relevant in an environment where gold is seen as a safe haven in times of economic uncertainty.

However, investors should also consider the risks associated with the development of large projects, including regulatory challenges and the need for significant capital investments. In the long term, NovaGold could benefit from rising gold prices, which would increase the attractiveness of the stock.

Dividend: None (2025)

NovaGold Resources Inc. does not pay a dividend. The company is primarily engaged in the exploration and development of gold projects, particularly the Donlin Gold Project in Alaska.

Companies in the exploration and development phase, like NovaGold, often focus on using capital for the development of their projects rather than paying dividends to shareholders. The reliability of a dividend payment is therefore not guaranteed, as the main focus is on project development and achieving production goals.