Dahlman Rose & Co. Provides NovaGold Resources Update Following 3Q Results

NovaGold Resources, Inc. NG reported a net loss of $147.6 million ($0.66 per share) and received $6.7 million in cash from the exercise of warrants during the third quarter, Dahlman Rose & Co. reports. “Combined with the $175.0 million in cash raised from an equity offering during the second quarter of 2010, the company is financed to meet its existing obligations at its core projects for the next two years, with the additional flexibility to consider other opportunities,” Dahlman Rose & Co. writes. NovaGold currently trades for $8.61.