Barrick Gold Corporation (USA) (ABX): NovaGold Resources Inc. (USA) (NG) Earnings: An Early Look

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Meanwhile, NovaGold Resources Inc. (USA) (NYSEMKT:NG)’s capital structure is becoming more precarious. Earlier this month, the company sent notice to its convertible bond holders that they could exercise their rights to sell the bonds back to NovaGold at par. NovaGold has enough cash to cover its repurchase of any bonds that investors offer, but with no revenue, it definitely needs to conserve its financial resources.

In its earnings report, NovaGold needs to demonstrate a viable future strategy for its mining properties. Until conditions in the industry change, however, NovaGold Resources Inc. (USA) (NYSEMKT:NG) appears likely to continue hibernating for the foreseeable future.

The article NovaGold Earnings: An Early Look originally appeared on Fool.com is written by Dan Caplinger.

Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool has no position in any of the stocks mentioned.

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