Welcome to our dedicated page for Novagold Rscs news (Ticker: NG), a resource for investors and traders seeking the latest updates and insights on Novagold Rscs stock.
NOVAGOLD RESOURCES INC. (NG) news centers on the company’s efforts to advance the Donlin Gold project in Alaska, a large development-stage open-pit gold deposit held through Donlin Gold LLC. News releases and related SEC Form 8‑K filings highlight technical progress, permitting developments, ownership changes, and corporate updates that shape the project’s path toward a potential Bankable Feasibility Study.
Investors following NG news will see regular updates on drill programs at Donlin Gold, including reports of high-grade gold intercepts, grid drilling for mine planning, in-pit exploration drilling for resource conversion, and geotechnical drilling to support pit design and infrastructure such as access roads. These results are often tied to the company’s stated goal of strengthening the resource model and providing data for engineering and mine planning.
News flow also covers major corporate milestones, such as NOVAGOLD and funds managed by Paulson Advisers LLC acquiring Barrick Mining’s former interest in Donlin Gold, which resulted in NOVAGOLD holding 60% and Paulson 40% of Donlin Gold LLC. Other announcements include board changes, amendments to the company’s code of business conduct and ethics, and the appointment of a Project Director to Donlin Gold LLC to oversee project planning and execution strategy.
Another key theme in NOVAGOLD news is permitting and infrastructure. Releases describe Donlin Gold’s acceptance into the FAST‑41 federal permitting program, court decisions upholding key state permits, and a non-binding Letter of Intent between Donlin Gold and Glenfarne Alaska LNG, LLC for potential natural gas supply and related infrastructure for the proposed mine. For readers tracking NG, this news page offers a consolidated view of operational, technical, legal, and governance developments affecting the Donlin Gold project and NOVAGOLD’s role in it.
Donlin Gold LLC, a joint venture between Barrick Gold and NOVAGOLD, has announced positive results from its 2022 drill program in Alaska. The project achieved early completion with significant assay results from 141 drill holes totaling 42,331 meters. Notably, drill hole DC22-2068 revealed a remarkable 42.28 meters grading 30.68 g/t gold. These results bolster confidence in the project's resource model, advancing steps towards a feasibility study. The 2022 budget is set at $64 million to refine geological models and continue environmental studies, while permitting efforts proceed smoothly.
NOVAGOLD reported its third-quarter results, emphasizing a robust treasury with $132 million in cash and $25 million receivables expected in July 2023. The company concluded a significant drill program at Donlin Gold, completing 141 holes over 42,334 meters, yielding high-grade gold intercepts. The drilling supports an updated feasibility study and geologic modeling, with further assay results anticipated. The project, anticipated to produce over 1 million ounces annually for 27 years, demonstrates strong potential despite ongoing permitting challenges in Alaska.
NOVAGOLD RESOURCES INC. (NYSE American: NG) will announce its 2022 third quarter financial results on October 4, 2022, post-market. A conference call and video webcast will follow on October 5, 2022, at 8:00 am PT (11:00 am ET), featuring insights from CEO Greg Lang and CFO David Ottewell regarding the results and updates on the Donlin Gold project. Investors can submit questions ahead of the call via email. The event will be archived on NOVAGOLD's website for one year.
Donlin Gold LLC, co-owned by Barrick Gold and NOVAGOLD, has reported initial assay results for its 2022 drill program, significantly ahead of schedule with 26,800 meters drilled from an anticipated 34,000 meters. The drilling results indicate high-grade gold intercepts, supporting recent modeling and strategic planning efforts. With a 2022 budget of $60 million, the project is advancing towards a feasibility study decision. The company emphasizes local hiring, community engagement, and environmental stewardship as top priorities, with promising outcomes for the mining potential at Donlin Gold.
Donlin Gold has launched its largest drill program in over a decade, targeting 34,000 meters and achieving over 70% completion as of mid-June 2022. The project benefits from a strong treasury of $142 million in cash and term deposits, with an additional $25 million receivable from Newmont in July 2023. The company aims to update its resource model and commence a feasibility study in the latter half of 2022. Despite increased operating expenses, the Donlin Gold project is positioned for significant long-term growth, with a projected annual production of 500,000+ ounces and a mine life exceeding 27 years.
NOVAGOLD RESOURCES INC. (NYSE American: NG) will announce its second-quarter financial results on June 29, 2022, after market close. A conference call and video webcast are scheduled for July 6, 2022, at 8:00 am PT (11:00 am ET), featuring insights from CEO Greg Lang and CFO David Ottewell. The call aims to provide a comprehensive overview of the financial results and updates on the Donlin Gold project. Participants can submit questions in advance via email, and the webcast will be archived for a year on the company’s website.
NOVAGOLD RESOURCES INC. (NG) announces the untimely passing of director Igor Levental on June 10, 2022. Levental served as an independent director since 2010, significantly contributing to the company and the North American gold mining sector. He played a key role in the company’s reorganization in 2012 and had over 30 years of mining experience. The company emphasizes its commitment to advancing the Donlin Gold project, which holds approximately 39 million ounces of gold and is considered one of the most prospective deposits globally.
NOVAGOLD Resources Inc. announced the results of its Annual General Meeting held on May 18, 2022, where 83.43% of issued shares were represented. All four proposals, including the election of eleven directors, were approved. Kevin McArthur was elected to the Board, bringing over 40 years of mining industry experience. The company engaged shareholders holding approximately 86% of its shares during the proxy season, enhancing corporate governance practices. The detailed voting results for all proposals, including the appointment of auditors and advisory approval of executive compensation, were overwhelmingly positive.
NOVAGOLD will hold its Annual General Meeting of Shareholders on May 18, 2022, at 1:00 p.m. PT, in a virtual format to enhance accessibility. Shareholders can vote by proxy and participate in discussions via a live webcast. The company is nominating Kevin McArthur, an industry veteran with over 40 years of experience, to its Board of Directors. His expertise is expected to benefit NOVAGOLD as it progresses its 50%-owned Donlin Gold project toward feasibility studies and eventual mine development.
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