VANCOUVER, British Columbia (AP) _ Novagold Resources Inc. (NG) on Wednesday reported a loss of $7.9 million in its fiscal fourth quarter.
On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 2 cents.
For the year, the company reported that its loss narrowed to $27.8 million, or 9 cents per share.
Novagold shares have dropped 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.86, more than doubling in the last 12 months.