NovaGold Resources Inc. (AMEX:NG) Third Quarter Loss Widen

NovaGold Resources Inc. (AMEX:NG) reported third quarter earnings after the bell today.

On a GAAP basis, NG reported net loss of $ 88.63 million or 27 cents per share, compared with loss of $ 10.39 million or 3 cents per share, a year ago period.

NovaGold President commented, After more than six years of diligent work focused on the strategy of taking NOVAGOLDs assets up the value chain, I could not be more pleased with the major milestones the Company achieved in the third quarter.

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