The company said the loss amounted to five cents per share for the quarter ended Feb. 28 compared with a profit of $16.8 million or seven cents per share a year ago when it benefited from a gain on derivatives.
The Donlin Gold project is jointly owned with Barrick Gold Corp (TSX:ABX).
The company said the project has moved to the preliminary draft environmental impact statement after receiving positive and constructive reviews.
In its outlook, the company said it expects a draft environmental impact statement in 2014.
In addition to Donlin Gold, Novagold is developing the Galore Creek project through a 50-50 partnership with Teck Resources Inc. (TSX:TCK.B).