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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.
Donlin Gold LLC, co-owned by Barrick Gold and NOVAGOLD (NG), announced positive results from its 2020 drill program, comprising 85 holes and 23,361 meters drilled. The assays exhibited higher grade-thickness than anticipated, enhancing geological modeling confidence. The Board plans additional drilling in 2021 to further investigate mineralization continuity and structure. Key drill intersections included 51.15 m at 4.6 g/t gold. Safety protocols resulted in zero COVID-19 cases on site. Donlin Gold holds approximately 39 million ounces of gold, constituting one of the largest undeveloped gold resources globally.
National Grid plc (LSE: NG, NYSE: NGG) has agreed to acquire Western Power Distribution from PPL Corporation for £7.8 billion. Concurrently, PPL will acquire National Grid’s Narragansett Electric Company in Rhode Island for $3.8 billion (£2.7 billion). This move aims to enhance National Grid's U.K. electricity distribution scale while allowing PPL to broaden its U.S. operations. Both transactions are subject to shareholder and regulatory approvals, expected within 4 months for Western Power and 9-12 months for Narragansett.
National Grid has reached an agreement to acquire Western Power Distribution from PPL Corporation for £7.8 billion. Concurrently, PPL will acquire Narragansett Electric, National Grid's business in Rhode Island, valued at US$3.8 billion (£2.7 billion). This strategic move aims to enhance both companies' growth, enabling National Grid to expand its footprint in the UK electricity distribution sector and PPL to strengthen its presence in the U.S. The acquisition is subject to shareholder and regulatory approvals, expected within 4 to 12 months.
NOVAGOLD RESOURCES INC. (TSX, NYSE American: NG) is set to release its 2021 first quarter financial results after the market closes on March 31, 2021. Following this, a conference call and video webcast will occur on April 1, 2021 at 8:00 am PT (11:00 am ET) to discuss the results. Questions can be submitted via email before the call, with an opportunity for live inquiries during the webcast. Archived access to the event will be available on NOVAGOLD’s website for one year.
NOVAGOLD announced the successful completion of the 2020 drilling program for the Donlin Gold project, co-owned with Barrick Gold. The program involved 85 holes and 23,400 meters of drilling, revealing promising initial assay results, including high-grade gold intervals. As of August 31, 2020, NOVAGOLD maintains a robust treasury of $126.3 million in cash and term deposits, plus $100 million in receivables from Newmont Corp. The ongoing implementation of strict COVID-19 protocols has ensured employee safety, allowing operations to continue effectively.
NOVAGOLD RESOURCES INC. (NG) plans to release its 2020 third-quarter financial results post-market on September 30, 2020. A conference call and webcast for discussing these results is scheduled for October 1, 2020, at 8:00 am PT (11:00 am ET). Investors can access the conference via phone or webcast, with options for North American and international callers provided. The details for the call will also be archived on NOVAGOLD's website for one year.