Post-Earnings Analysis - NOVAGOLD RESOURCES

LONDON, April 23, 2015 /PRNewswire/ --

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Investor-Edge.com has issued free post-earnings analysis on NOVAGOLD Resources Inc. (NYSEMKT: NG). On March 31, 2015, the company reported its Q1 FY15 financial results (period ended February 28, 2015), and also announced updates for its flagship 50%-owned Donlin Gold project in Alaska and its 50%-owned Galore Creek copper-gold-silver project in British Columbia. Click on http://get.Investor-Edge.com/pdf/?c=NOVAGOLD%20RESOURCES&d=23-Apr-2015&s=NG to read our free earnings review on NOVAGOLD Resources Inc. (NovaGold). President and CEO of NovaGold, Gregory A. Lang, expressed his pleasure with the progress the company has achieved permitting Donlin Gold to date. Considering that NovaGold and its partners have been advancing steadily, surely, and without interruption, in what is clearly the most important gold development project in the world, unique in its combined quality and magnitude, the process has been exceptionally smooth, he added. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=NOVAGOLD%20RESOURCES&d=23-Apr-2015&s=NG

Earnings Overview  

During Q1 FY15, NovaGold's loss from operations decreased to $11.29 million from $11.33 million in Q1 FY14. The company's general and administrative (G&A) expense increased by $0.80 million to $8.50 million in Q1 FY15, primarily due to higher share-based compensation costs as a result of the Company's higher share price compared to the prior year. Further, the increased G&A expense was offset by decreased losses in equity investments in the Donlin Gold and Galore Creek projects.

In Q1 FY15, NovaGold's share of losses at the Donlin Gold project decreased by $0.36 million to $2.50 million as FY15 activities continued to focus primarily on permitting. Furthermore, as a result of severance costs incurred in Q1 FY14, the company's share of losses at the Galore Creek project decreased by $0.64 million to $0.13 million in Q1 FY15. Free research on NG can be downloaded in PDF format at:

http://get.Investor-Edge.com/pdf/?c=NOVAGOLD%20RESOURCES&d=23-Apr-2015&s=NG

For Q1 FY15, NovaGold's loss for the period stood at $9.30 million, or $0.03 loss per diluted share, compared to loss for the period of $10.69 million, or $0.03 loss per diluted share in Q1 FY14. NovaGold's net loss decreased primarily due to an increase in foreign exchange gain. Analysts from Bloomberg had expected the company to report loss for the reported period of $7.86 million, or $0.02 loss per diluted share.

In Q1 FY15, Donlin Gold permitting advanced further with the submission of six cooperating agencies' comments on the initial draft Environmental Impact Statement (EIS) to the lead agency, the U.S. Army Corps of Engineers, who continue to anticipate publishing the draft EIS by year-end 2015. During Q1 FY15, NovaGold also advanced on other Donlin Gold major permit applications with state and federal permitting agencies such as air quality, water discharge and usage, pipeline plan of development, wetlands and dam safety. Further, NovaGold continued to sponsor, volunteer and participate in local community activities in Alaska and Northern British Columbia in Q1 FY15. Sign up and read the free analyst's notes on NG at:

http://get.Investor-Edge.com/pdf/?c=NOVAGOLD%20RESOURCES&d=23-Apr-2015&s=NG

As of February 28, 2015, NovaGold had $156.96 million in cash and term deposits. NOVAGOLD's cash and term deposits for Q1 FY15 decreased by $8.37 million as a result of $5.6 million used in operating activities for administrative costs which include reductions in accounts payable, $2.4 million to fund Donlin Gold, $0.2 million to fund Galore Creek, and a $0.2 million foreign exchange impact on cash held in Canadian dollars.

In its FY15 outlook, NovaGold expects to spend approximately $45 million. The expenditures will include $16 million towards repayment of principal on the remaining convertible notes, $13 million to fund expenditures at the Donlin Gold project, $1.6 million to fund expenditures at the Galore Creek project, $1.5 million for joint Donlin Gold studies with Barrick, and $13 million for G&A costs, interest working capital and other corporate purposes. Visit Investor-Edge and access the latest research on NG at:

http://get.Investor-Edge.com/pdf/?c=NOVAGOLD%20RESOURCES&d=23-Apr-2015&s=NG

Stock Performance 

On the day following the earnings release, April 01, 2015, shares of NovaGold ended the session at $3.14, up 6.08 %. Since then, the stock has moved both ways with gains outperforming losses. However, on the last close, Wednesday, April 22, 2015, the stock finished at $3.56, which is 1.93% below its previous day's closing price of $3.63. The stock vacillated between $3.55 and $3.67 during the session. A total of 1.65 million shares were traded which was below their three months average volume of 1.90 million shares. Over the last one month and since the beginning of 2015, the company's shares have gained 16.72% and 20.68%, respectively. Shares in NovaGold are trading above their 50-day and 200-day moving averages of $3.41 and $3.35, respectively.

Sneak Peek to Corporate Insider Trading 

In the last one month, there were 4 corporate insider transactions done by 4 individuals. On March 31, 2015, a total of 8,003 shares were purchased at an average price of $3.55 per share and for a total value of $28,411. The following are some of the abovementioned transactions: Gregory A. Lang and Executive Vice President and General Counsel at NovaGold, David Deisley, bought 3,767 and 2,372 shares, respectively, at an average price of $3.55 per share. On April 20, 2015, Gillyeard J. Leathley, Director at NovaGold, disposed 20,000 shares worth $89,584 at an average price of $4.48 per share. Complimentary in-depth research on NG is available at:

http://get.Investor-Edge.com/pdf/?c=NOVAGOLD%20RESOURCES&d=23-Apr-2015&s=NG

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