NOVAGOLD RES INC

Ticker: NG CUSIP: 66987E206 Class: Common Stock

Ruffer LLP's Holding History (CIK: 0001426859)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 152,710 Value ($000) $1,425 Avg Close $9.27 Range $7.67 - $10.90

Q3 2025

Shares 140,480 Value ($000) $1,236 Avg Close $6.12 Range $4.07 - $9.06

Q2 2025

Shares 423,670 Value ($000) $1,733 Avg Close $3.74 Range $2.26 - $5.06

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	152,710	$1,425	$9.27	$7.67 - $10.90
Q3 2025	140,480	$1,236	$6.12	$4.07 - $9.06
Q2 2025	423,670	$1,733	$3.74	$2.26 - $5.06