April 26, 2024

NovaGold Resources Q3 loss narrows to $56.6M

VANCOUVER - NovaGold Resources Inc. (TSX:NG) reported a much smaller third-quarter loss on Thursday, saying the improvement was mainly due to a non-cash asset impairment charge of $ 116.2 million the company suffered in the comparable 2010 period.Vancouver-based NovaGold said its net loss in the three months ended Aug. 31 was $ 56.5 million or 24 … [Read more...]