NORTHERN DYNASTY MINERALS LTD
NAK · Gold and Silver Ores · EDGAR filings ↗
Grade
D45Pre-revenue mineral explorer (Pebble project) burning cash with deeply negative returns and a single binary, permitting-blocked asset.
Strengths
- ~$40M cash provides near-term runway for a non-operating explorer
- Net loss narrowed year-over-year (income growth 83rd pct, off a negative base)
Risks
- No revenue; ROE -5.9 (3rd pct), ROA -86%, interest coverage -327 and current ratio 0.55 (12th pct)
- Binary regulatory/funding risk concentrated in the long-contested Pebble project
Notable findings
- No interest coverageInterest coverage -327.10 (cannot cover interest)
- Weak liquidityCurrent ratio 0.55 (<1)
Key metrics
Return on equity
-588.7%
Return on assets
-86.3%
Interest coverage
-327.1×
Current ratio
0.6×
Tangible book value
$13M
Cash & investments
$40M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-03-31 | 2025-12-31 | 0001654954-26-003025 ↗ |
| 40-F | 2025-03-28 | 2024-12-31 | 0001654954-25-003461 ↗ |
| 40-F | 2024-04-02 | 2023-12-31 | 0001654954-24-004069 ↗ |
| 40-F | 2023-04-03 | 2022-12-31 | 0001654954-23-004217 ↗ |
| 40-F | 2022-04-04 | 2021-12-31 | 0001654954-22-004500 ↗ |
| 40-F | 2021-04-01 | 2020-12-31 | 0001654954-21-003677 ↗ |
| 40-F | 2020-03-31 | 2019-12-31 | 0001493152-20-005442 ↗ |
| 40-F | 2019-04-01 | 2018-12-31 | 0001493152-19-004626 ↗ |
| 40-F | 2018-03-30 | 2017-12-31 | 0001493152-18-004214 ↗ |
| 40-F | 2017-03-31 | 2016-12-31 | 0001062993-17-001576 ↗ |
| 20-F | 2016-05-02 | 2015-12-31 | 0001062993-16-009358 ↗ |
| 20-F | 2015-05-15 | 2014-12-31 | 0001062993-15-002901 ↗ |