Mon, Mar 10, 11:02 AM (7 days ago)
**Novagold Resources Inc. (NG) - Form 10-K/A Amendment Summary** **Changes Made:** - Corrected a typographical error in the audit report for Donlin Gold LLC's financial statements, ensuring all three fiscal years (2024, 2023, 2022) are included. - No other changes to the original Form 10-K. **Financial Performance (Donlin Gold LLC):** - **Revenue:** Not explicitly stated, but the company is in the exploration and development stage. - **Net Income:** Reported losses for FY 2024, 2023, and 2022 were $25,842,000, $37,057,000, and $56,326,000 respectively. - **Operating Expenses:** Totaled $25,842,000, $37,057,000, and $56,326,000 for FY 2024, 2023, and 2022 respectively. - **Earnings per Share:** Not applicable as the company is in the development stage and has not generated earnings. **Strategic Overview:** - Focused on advancing the Donlin Gold Project in Alaska. - Dependent on Barrick and NOVAGOLD for funding. **Future Outlook:** - Continues to seek permits and address legal challenges. - Awaiting resolution of four active appeals related to project permits. **Risk Factors:** - Dependence on funding from Barrick and NOVAGOLD. - Legal and regulatory challenges related to project permits. - Market fluctuations in gold prices and mining industry conditions. **Financial Condition:** - Total assets: $74,730,000 (2024) and $74,961,000 (2023). - Total liabilities: $5,535,000 (2024) and $4,818,000 (2023). - Total equity: $69,195,000 (2024) and $70,143,000 (2023). **Market Position Changes:** - No significant changes noted in market position. **Note:** All amounts are in thousands of USD.