NOVAGOLD Resources Inc. advances the Donlin Gold project, a federally permitted gold development asset in Alaska held through Donlin Gold LLC. Recent company news centers on project advancement, Bankable Feasibility Study activity, project leadership, infrastructure and energy-supply planning, community engagement, and environmental stewardship.
Coverage also includes NOVAGOLD's operating and financial results, capital actions, shareholder meeting matters, proxy voting topics, equity-based compensation plan proposals, and governance updates tied to its public-company status on the NYSE American and TSX under the symbol NG.
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.
Summary not available.
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.
NOVAGOLD Resources reported robust results from the 2021 Donlin Gold drill program, confirming high-grade intercepts that uphold the current resource estimates. With a strong treasury of $155 million and another $25 million receivable in July 2023, the company is positioned to advance the project. The 2022 drill program, budgeted at $60 million, will focus on preparing feasibility studies and conducting approximately 34,000 meters of drilling. The project aims to harness approximately 39 million ounces of gold, showcasing significant exploration potential.
NOVAGOLD has published its 2021 Annual Report, highlighting significant milestones in its Donlin Gold project, including a successful 79-hole drill program that produced some of the industry's best assay results. The company achieved top safety standards with no on-site incidents, reinforcing its ESG principles. President and CEO Greg Lang outlined 2022 goals while emphasizing strong relationships with local Native Corporations. The report also features a discussion on gold market trends by Chairman Dr. Thomas Kaplan and fund manager John Hathaway, available for viewing on NOVAGOLD's media gallery.
NOVAGOLD RESOURCES INC. (NYSE American: NG) plans to disclose its 2022 first quarter financial results on April 5, 2022, after market close. A conference call and video webcast to discuss these results will occur on April 6, 2022, at 8:00 am PT (11:00 am ET). The company’s leadership, including Chairman Dr. Thomas Kaplan and CEO Greg Lang, will provide insights into the results and updates on the Donlin Gold project. Participants can submit questions beforehand via email and ask more during the webcast. The details for accessing the webcast are available on NOVAGOLD’s website.
Donlin Gold LLC, co-owned by Barrick Gold and NOVAGOLD, announced positive results from its 2021 drill program, completing 79 holes over 24,264 meters. The program highlighted multiple high-grade gold intercepts, supporting existing resource estimates. The 2022 project budget of $60 million, the largest in over a decade, aims to advance the project towards feasibility studies. Local community initiatives and minimal COVID-19 cases during drilling enhance project credibility. The results position Donlin Gold as a significant player in Alaska's gold production with 39 million ounces of gold resources.
NOVAGOLD Resources announced the successful completion of a 79-hole, 24,264-meter drilling program at the Donlin Gold project in 2021, yielding multiple high-grade gold intercepts. The results, representing 65% of the drilling length, support the global resource estimate. As of November 30, 2021, NOVAGOLD reported a cash position of $169.1 million, bolstered by a $75 million payment from Newmont. The 2022 budget for Donlin Gold is projected at $60 million, focusing on further geological studies and exploration. The company continues to prioritize stakeholder engagement and health protocols amid the ongoing pandemic.