NovaGold Resources Inc. reported earnings results for the year ended November 30, 2014. For the period, the company reported loss from operations of $38.01 million compared to $55.78 million a year ago. Loss for the period was $40.48 million or $0.13 per basic diluted share compared to $62.76 million or $0.20 per basic diluted share a year ago.

The company provided capital expenditure guidance for the year 2015. In 2015, the company expects to spend approximately $44.8 million, which includes $15.8 million to repay the principal on the remaining convertible notes; $12.6 million to fund its share of expenditures at the Donlin Gold project to assist the Corps in continuing to advance the permitting process through issuance of the draft EIS, as well as maintain engagement with the stakeholder groups in the Yukon-Kuskokwim region; $1.6 million to fund its share of expenditures at the Galore Creek project to continue to advance technical studies in project mine planning and design, waste rock and water management, environmental monitoring, and site care and maintenance; and $14.8 million for general and administrative costs, interest, and joint Donlin Gold studies with Barrick ($1.5 million 50%-share).