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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.
NOVAGOLD RESOURCES (NG) will release its 2021 year-end financial results on January 26, 2022, post-market close. A conference call and video webcast will follow on January 27, at 8:00 am PT (11:00 am ET) featuring key executives discussing the results and updates on the Donlin Gold project.
Participants can submit questions in advance or during the event. The webcast will be archived on NOVAGOLD's website for a year.
Donlin Gold LLC, co-owned by Barrick Gold and NOVAGOLD, reports advancements from a September workshop in Alaska, along with new drill assay results. The 2021 drill program encompassed 79 holes over 24,264 meters, with strong results supporting resource estimates. Notably, significant high-grade gold intersections were identified in drilling, reinforcing confidence in the project’s potential. The management teams re-emphasized a commitment to sustainable practices and community engagement. A feasibility study update is planned for 2022, contingent on upcoming drill results.
Donlin Gold LLC's board has approved an additional $3 million for 2021 funding to support new feasibility studies following a successful drill program. Initial results from 29 holes, totaling 7,500 meters, revealed significant high-grade gold intercepts, indicating potential feeder zones. The company has strengthened its financial position with $173.3 million in cash. Key permits are advanced, with all federal and major state permits obtained. NOVAGOLD expects to spend approximately $32 million in 2021, focusing on progressing the Donlin Gold project while maintaining health and safety protocols amidst the COVID-19 pandemic.
NOVAGOLD RESOURCES INC. (NG) will release its 2021 Q3 financial results after market close on September 29, 2021. A conference call and video webcast to discuss these results is scheduled for September 30, 2021, at 8:00 am PT (11:00 am ET). Key executives, including Chairman Dr. Thomas Kaplan and CEO Greg Lang, will present a summary of the financial results and updates on the Donlin Gold project. The webcast will be archived for one year on NOVAGOLD's website.
Donlin Gold LLC, co-owned by Barrick Gold and NOVAGOLD, announced promising initial assay results from its 2021 drilling program, with significant high-grade gold intercepts identified at the Donlin Gold project in Alaska. The drill program has expanded to include 80 holes over 24,000 meters, enhancing confidence in geological models and aiming to validate mineralization continuity. Notable intercepts include 92.02m grading 7.8 g/t gold. The results support the project’s feasibility study and highlight Donlin Gold's substantial resource potential, with approximately 39 million ounces of gold grading 2.24 g/t.
NOVAGOLD Resources Inc. (NG) announced a second payment of $75 million from Newmont Corporation as part of a $275 million agreement for NOVAGOLD's 50% interest in the Galore Creek project. This payment increases NOVAGOLD's cash reserves, enhancing its financial position to support its 50%-owned Donlin Gold project in Alaska. The company expects to manage its business plan without raising additional capital until construction decisions are made for Donlin Gold. Total cash on hand is now over $150 million, bolstering NOVAGOLD’s capabilities for future developments.
Donlin Gold's 2021 drill program progresses with 28 of 64 planned holes completed, totaling 8,650 meters drilled. Key federal and state permits secured, including 401 Certification upheld amidst an ongoing appeal. NOVAGOLD holds $107.6 million in cash and term deposits, expecting $75 million from Newmont soon. Although community engagement is strong, operational losses increased to $10.5 million in Q2 2021. The project, a partnership with Barrick, boasts significant mineral resources yet faces challenges, including a legal appeal concerning environmental permits.
Donlin Gold LLC, jointly owned by Barrick Gold and NOVAGOLD, has encountered an appeal regarding the 401 Certification for its project, filed by Earthjustice on behalf of the Orutsararmiut Native Council. This appeal challenges the June 2021 decision by Alaska's ADEC Commissioner to uphold the certification, which is crucial for project advancement. Donlin Gold asserts that the decision confirms compliance with environmental standards and emphasizes its commitment to sustainable development. The project contains significant gold reserves, with approximately 39 million ounces.
NOVAGOLD RESOURCES INC. (NYSE American: NG) will announce its 2021 Q2 financial results on June 29, 2021, after market close. A conference call and video webcast to discuss these results is scheduled for June 30, 2021, at 8:00 am PT (11:00 am ET). CEO Greg Lang and CFO David Ottewell will present the financial summary and updates on the Donlin Gold project. The session will include a Q&A segment, providing an opportunity for investor inquiries.
NOVAGOLD Resources announced the results of its Annual and Special Meeting held on May 12, 2021. A total of 237,189,817 shares, representing 71.58% of the outstanding shares, participated in the voting. All four proposals, including the election of directors and appointment of auditors, received overwhelming approval.
The election of directors saw votes ranging from 94.71% to 99.63% in favor. The appointment of PricewaterhouseCoopers as auditors was approved with 98.87% support. Shareholder engagement improved corporate governance practices, reflecting the company's commitment to transparency.