Tuesday, NovaGold Resources Inc. (NG.TO,NG) reported a third-quarter net loss of C$18.1 million or C$0.10 per share, compared to net income of C$1.6 million or C$0.02 per share in the year ago quarter.
Net revenues for the quarter were C$0.3 million, down from C$1.4 million in the comparable quarter last year. The decline was primarily due to lower interest income from lower interest rates.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.