NovaGold (AMEX:NG) Losses Three Times Worst Than Last Year

NovaGold (AMEX:NG) (TSE:NG) had a poor second quarter, with losses coming in at $15.8 million, over three times the $4.8 million in losses last year.Revenue for the quarter also plunged, dropping to only $100,000, down from $300,000 in the same quarter last year. The company said that was due to declining gravel and land sales. Losses came in at seven cents a diluted share for the latest quarter

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NovaGold (AMEX:NG) Losses Three Times Worst Than Last Year

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