NovaGold (NG) Highlights Impact of Paulson Partnership in Q3 Report

Core Insights - NovaGold Resources Inc. is positioned as a top stock to buy amid rising gold prices, bolstered by its strategic partnership with Paulson Advisers [1] - The company completed a significant $1 billion acquisition of Barrick Gold's 50% stake in the Donlin Gold Project, increasing its ownership to 60% [1][2] - NovaGold anticipates that the Donlin Gold Project could become the largest single gold mine in the US, with projected annual production of 1.1–1.5 million ounces of gold for decades [3] Financial Performance - In Q3 2025, NovaGold reported a net loss of $15.6 million, an increase from $10.7 million in Q3 2024, primarily due to a $39.6 million warrant expense [2] - The company raised $286 million through public and private offerings post-acquisition and reported a treasury position of $125.2 million as of August 31, 2025 [2] - Post-acquisition, NovaGold spent $210.1 million on the Donlin Gold Project, reflecting increased funding and operating costs [2]