NovaGold 2025: Is This Upstart Set to Strike Gold?
NovaGold and Paulson completed a US$1 billion purchase of Barrick Gold’s 50% stake in the Donlin Gold project in mid-2025, giving NovaGold 60% and Paulson 40%. NovaGold reported a Q3 net loss of US$15.6 million with US$125 million in cash. NG shares rose about 138% over 12 months, hitting a US$8.09 high in September. Analysts set 12-month price targets between US$7 and US$11.