NOVAGOLD RESOURCES INC. (TSX, NYSE American: NG) is a pure gold play focused on Alaska’s Donlin Gold project in equal partnership with Barrick Gold. Donlin is positioned to be one of the world’s largest gold mines, with 39 million ounces in measured and indicated mineral resources at a high average grade of 2.24 grams per tonne1 on a mineralized trend that occupies just 5 percent of its land package. We believe it offers investors extraordinary leverage to gold.
NOVAGOLD is in the enviable position of being well-funded with a cash balance of $130 million as of August 31, 2023, including the receipt of a $25 million note payment from Newmont in July 2023. NOVAGOLD is confident in our financial ability to cover projected expenses for our contribution to the Donlin Gold project through an updated feasibility study.
Primary tickers: NYSE:NG, TSX:NG
Stage of development: Development
Primary mineral: Gold - Precious Metals
Project to promote: Donlin Gold Project
Project location: Alaska
Website: www.novagold.com
This was recorded at our 121 Mining Investment London event from 20-21 November 2023. For more information about the event and those who participated, click here: www.weare121.com/121mininginv...