NAK - Northern Dynasty Minerals Ltd.

NYSE American - NYSE American Delayed Price. Currency in USD
0.5061
-0.0088 (-1.71%)
At close: 3:59PM EDT
Stock chart is not supported by your current browser
Previous Close0.5149
Open0.5100
Bid0.0000 x 1400
Ask0.0000 x 3100
Day's Range0.4901 - 0.5229
52 Week Range0.4100 - 1.1200
Volume1,864,222
Avg. Volume1,558,577
Market Cap175.122M
Beta (3Y Monthly)2.15
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • Bloomberg26 days ago

    Gold Mine With $100 Billion Lode to Get Lifeline From Trump EPA

    (Bloomberg) -- The Trump administration is throwing a lifeline to the massive Pebble Mine planned near Alaska’s Bristol Bay, as regulators move toward undoing Obama-era environmental restrictions that have thwarted the project.The Environmental Protection Agency on Wednesday said it was resuming consideration of the proposed water pollution restrictions that have effectively stalled the project since they were outlined in 2014. Reconsidering the issue -- after a year-and-a-half hiatus -- is a necessary prelude to the EPA officially lifting the restrictions later.The EPA’s action is a significant boost for Northern Dynasty Minerals Ltd. and Pebble LP supporters, who have called on the EPA to lift the Clean Water Act restrictions and let the proposed gold, copper and molybdenum mine move forward.Northern Dynasty rose the most since November on the news. Shares were up 27% in New York trading of 11 million shares, 10 times the three-month daily average.Developers have touted the mine’s potential, saying it aims to tap “the most significant undeveloped copper and gold resource in the world,” with 6.5 billion tons of known minerals and another 4.5 billion tons of assumed minerals. The bounty of gold alone is estimated to be worth more than $100 billion.But that mineral lode has been out of reach largely because of the project’s location in southwestern Alaska, inside an area that drains into Bristol Bay, home to the world’s most productive wild salmon fishery. Conservationists, local activists and fishing operations have fought the project for more than a dozen years, warning it could jeopardize the region’s salmon -- and a flourishing fishery with a catch that topped $281 million last year.The Trump administration action targets the EPA’s 2014 proposal limiting the discharge of mining waste in the Bristol Bay watershed. The proposed restrictions, issued under former President Barack Obama even before project developers submitted a mine plan or formally sought government authorizations, could preclude the company from obtaining essential permits from the U.S. Army Corps of Engineers.The restrictions can’t legally be finalized until 2021 because of a court settlement the EPA reached with Pebble Mine in May 2017. Until then, the EPA has agreed not to impose more permanent restrictions under a section of the Clean Water Act governing the dumping of dredged or fill material.Developers have since sought a permit, and the Army Corps is evaluating the project’s environmental impacts. But confusion about the status of the five-year-old proposed limits casts a cloud over the process, EPA General Counsel Matthew Leopold said in a memo released Wednesday. “By making a decision one way or the other, the region will provide much-needed clarity and transparency to the public,” Leopold said.EPA’s move follows calls to scrap the proposed restrictions from conservative and business groups, including Americans for Tax Reform, Americans for Prosperity and the Competitive Enterprise Institute. The groups argued Obama’s EPA effectively issued a preemptive veto of the project, short-circuiting substantive review of the mine based on assumptions about what it would look like. Pebble also argued its new mine plan is significantly different from what the Obama administration anticipated.Restarting the review doesn’t guarantee the proposed limits will be discarded, though agency officials have criticized the agency’s approach under Obama. Leopold’s memo also encourages the EPA to invoke provisions in the Clean Water Act that would ensure the agency remains involved in the Army Corps’ review of the mine permit application. That so-called “elevation” process can be used to spur negotiations over conflicting views of permitting decisions.The United Tribes of Bristol Bay called the move political, saying it came less than two weeks after EPA officials met with community leaders and said they had no intention of changing course.The project would have “devastating consequences on the watershed, the fishery and the people who depend on it for their livelihoods,” said the consortium of 15 tribal governments by email. “It is a purely political decision designed for a sole purpose: to clear the path for foreign mining interests to plow through a toxic project that no one wants.”The Trump administration has taken an inconsistent approach to the project.First, under former EPA Administrator Scott Pruitt, the agency proposed lifting the Obama water limits before Pruitt made a surprise decision to leave them in place eight months later. Now, the EPA is effectively reinstating the process that was underway before Pruitt’s pivot. Current EPA Administrator Andrew Wheeler has recused himself from any involvement in the issue, because his former law firm Faegre Baker Daniels LLP provided services to Pebble.Northern Dynasty has been raising funds amid the government review. On June 24, the company closed the sale of 12.2 million shares, raising $5 million, saying it needed the money to fund the ongoing environmental impact study of the project and continued “outreach and engagement with political and regulatory offices.” It also sold large blocks of shares in March, raising more than $10 million.The project still faces headwinds -- including stiff political opposition in Congress, where a provision that would temporarily block the project was tucked into a House spending bill earlier this month.(Updates with shares, tribal comment and memo link from fourth paragraph.)\--With assistance from Stephen Lee and Susan Decker.To contact the reporter on this story: Jennifer A. Dlouhy in Washington at jdlouhy1@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, Elizabeth Wasserman, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Top 3 Silver Stocks as of September 2018
    Investopedia2 months ago

    Top 3 Silver Stocks as of September 2018

    Many silver stocks looked beaten up in 2017, either near a bottom or struggling to overcome a resistance price. Silver companies are dependent to some extent on the yield on bank CDs or Treasury bonds.

  • Associated Press4 months ago

    Northern Dynasty: 4Q Earnings Snapshot

    The Vancouver, British Columbia-based company said it had a loss of 3 cents per share. For the year, the company reported that its loss narrowed to $12.3 million, or 4 cents per share. In the final minutes ...

  • Will These 3 Turnaround Stocks Even Survive 2019?
    Motley Fool4 months ago

    Will These 3 Turnaround Stocks Even Survive 2019?

    A specialty petroleum products supplier, a propane distributor, and development-stage gold and copper miner have struggled mightily recently.

  • Why Northern Dynasty Minerals Stock Dropped 11% This Morning
    Motley Fool4 months ago

    Why Northern Dynasty Minerals Stock Dropped 11% This Morning

    There's a small silver lining in this gold miner's latest news.

  • Why Northern Dynasty Minerals Stock Rocked 18% Higher in February
    Motley Fool5 months ago

    Why Northern Dynasty Minerals Stock Rocked 18% Higher in February

    After plummeting in 2018, Northern Dynasty stock is off to an incredible start in 2019...but don't think that the volatility here has ended.

  • Why Northern Dynasty Minerals Stock Popped 13% Wednesday
    Motley Fool5 months ago

    Why Northern Dynasty Minerals Stock Popped 13% Wednesday

    Rarely is paperwork as popular as this.

  • Why Northern Dynasty Minerals Stock Rocketed 37% in January
    Motley Fool5 months ago

    Why Northern Dynasty Minerals Stock Rocketed 37% in January

    Although there wasn't any big news in January, a gold price rally and continued market support were enough to excite speculators.

  • Here's Why Northern Dynasty Minerals Rose 55.5% in November
    Motley Fool7 months ago

    Here's Why Northern Dynasty Minerals Rose 55.5% in November

    Multiple positive updates lifted the stock, but investors shouldn't get too far ahead of themselves.

  • Here's Why Northern Dynasty Minerals Rose as Much as 15.9% Today
    Motley Fool8 months ago

    Here's Why Northern Dynasty Minerals Rose as Much as 15.9% Today

    The pre-commercial gold miner has announced a string of positive updates in November.

  • Newmont Mining (NEM) Catches Eye: Stock Jumps 7.1%
    Zacks9 months ago

    Newmont Mining (NEM) Catches Eye: Stock Jumps 7.1%

    Newmont Mining (NEM) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes.

  • The Zacks Analyst Blog Highlights: Lululemon Athletica, Mountain Province Diamonds, Toronto-Dominion Bank and Northern Dynasty Minerals
    Zacks9 months ago

    The Zacks Analyst Blog Highlights: Lululemon Athletica, Mountain Province Diamonds, Toronto-Dominion Bank and Northern Dynasty Minerals

    The Zacks Analyst Blog Highlights: Lululemon Athletica, Mountain Province Diamonds, Toronto-Dominion Bank and Northern Dynasty Minerals

  • Canadian Economy Trumps Growth Expectations: 4 Great Picks
    Zacks10 months ago

    Canadian Economy Trumps Growth Expectations: 4 Great Picks

    Unexpected growth in Canada's GDP in July reflects the country's resilience to harsh winters and global economic downturns.

  • The Zacks Analyst Blog Highlights: Blue Hills, Berkshire Hathaway, Apple, Tecnoglass and Northern Dynasty
    Zacks10 months ago

    The Zacks Analyst Blog Highlights: Blue Hills, Berkshire Hathaway, Apple, Tecnoglass and Northern Dynasty

    The Zacks Analyst Blog Highlights: Blue Hills, Berkshire Hathaway, Apple, Tecnoglass and Northern Dynasty

  • Barrick Gold (ABX) Surges: Stock Moves 5.4% Higher
    Zacks10 months ago

    Barrick Gold (ABX) Surges: Stock Moves 5.4% Higher

    Barrick Gold (ABX) shares rose more than 5% in the last trading session, amid huge volumes.

  • Gold Likely to Rebound Aided By India Market: 4 Top Picks
    Zacks10 months ago

    Gold Likely to Rebound Aided By India Market: 4 Top Picks

    Gold prices are likely to recover as India gears up for the wedding season and major festivals, when gold buying is considered auspicious.

  • The Zacks Analyst Blog Highlights: Lululemon, Canada Goose, Algonquin Power, Mountain Province and Northern Dynasty
    Zacks10 months ago

    The Zacks Analyst Blog Highlights: Lululemon, Canada Goose, Algonquin Power, Mountain Province and Northern Dynasty

    The Zacks Analyst Blog Highlights: Lululemon, Canada Goose, Algonquin Power, Mountain Province and Northern Dynasty

  • Zacks10 months ago

    NAFTA Talks Remain at Negotiating Table: 5 Top Picks

    Following negotiations between officials of the United States and Canada, and the Canadian economy's stable growth, Canada's stocks are expected to garner investor attention

  • The Zacks Analyst Blog Highlights: Northern Dynasty Minerals, Vista Gold and Kirkland Lake Gold
    Zacks11 months ago

    The Zacks Analyst Blog Highlights: Northern Dynasty Minerals, Vista Gold and Kirkland Lake Gold

    The Zacks Analyst Blog Highlights: Northern Dynasty Minerals, Vista Gold and Kirkland Lake Gold

  • Falling Gold Prices Put These 3 Stocks in Focus
    Zacks11 months ago

    Falling Gold Prices Put These 3 Stocks in Focus

    Gold prices have been falling since the beginning of the year for several reasons, but it might have achieved a tentative bottom. So, bargain-hunting investors should watch these 3 stocks.

  • The Zacks Analyst Blog Highlights: Timmons Gold, Northern Dynasty Minerals, New Gold, Sibanye Gold and Pershing Gold
    Zacks11 months ago

    The Zacks Analyst Blog Highlights: Timmons Gold, Northern Dynasty Minerals, New Gold, Sibanye Gold and Pershing Gold

    The Zacks Analyst Blog Highlights: Timmons Gold, Northern Dynasty Minerals, New Gold, Sibanye Gold and Pershing Gold

  • Gold Nears 19-Month Low: 5 Worst Stocks YTD
    InvestorPlace11 months ago

    Gold Nears 19-Month Low: 5 Worst Stocks YTD

    After a blockbuster start to the year, gold has fallen out of investors’ favor, thanks to rising interest rates and a strong dollar. The yellow metal logged in the sixth consecutive weekly decline and the worst weekly drop since December, shedding 2.2% last week. This followed the metal’s fourth consecutive monthly decline in July that represents the longest stretch of losses since 2013.Source: Bullion Vault via Flickr (Modified)