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

By Neha Gupta | October 16, 2025, 4:20 PM

NovaGold Resources Inc. (NYSE:NG) is one of the top stocks to buy as gold rallies. On October 1, the company filed its Q3 2025 report in which it highlighted the impact of its strategic partnership with Paulson Advisers. In June 2025, NovaGold and Paulson Advisers completed a $1 billion transaction to acquire Barrick Gold’s entire 50% stake in the Donlin Gold Project, Alaska. The company increased its ownership from 50% to 60% by buying an additional 10% interest for $200 million, while Paulson Advisers acquired a 40% interest for $800 million. The two now jointly manage the Donlin Gold Project under a 60/40 ownership structure.

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

After the acquisition, NovaGold raised $286 million in public and private offerings. And it announced a treasury position of $125.2 million as of August 31, 2025. The Q3 2025 net loss was $15.6 million, compared to $10.7 million in Q3 2024. The increase was primarily due to a $39.6 million warrant expense related to the financing. NovaGold reported increased funding and operating costs, with $210.1 million spent on the Donlin Gold Project post-acquisition.

NovaGold anticipates the project to become the largest single gold mine in the US. It projects that it could produce 1.1–1.5 million ounces of gold annually for decades.

NovaGold Resources Inc. (NYSE:NG) is a Canadian mining company. It acquires, explores, and develops gold properties, primarily through its 50% interest in the Donlin Gold project in Alaska. The key product is gold bullion.

While we acknowledge the potential of NG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: Top 10 Materials Stocks to Buy According to Analysts and 10 Best Organic Food and Farming Stocks to Buy Now.

Disclosure: None. This article is originally published at Insider Monkey.

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