NovaGold Resources Inc. reported consolidated earnings results for the year ended November 30, 2015. For the quarter, loss from operations was $31,696,000 against $38,008,000 a year ago. The decrease resulted from lower general and administrative expense and lower losses from equity investments in the Donlin Gold and Galore Creek projects.

Net loss decreased from $40.5 million or $0.13 per share basic and diluted in 2014 to $32.0 million or $0.10 per share basic and diluted in 2015. The decrease resulted primarily from the $6.3 million reduction in the loss from operations in 2015 compared to 2014.