About NOVAGOLD
A secure and well-financed company managed by the right people, affiliated with the right stakeholders, and focused on the right objectives.
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's treasury remains healthy with $118 million in cash and term deposits as of February 29, 2024, which includes the $25 million note payment received from Newmont in July 2023, keeping NOVAGOLD in a strong financial position to advance the Donlin Gold project up the value chain.
1 Donlin Gold data as per the NI 43-101 Technical Report on the Donlin Gold Project, Alaska, USA with an effective date of June 1, 2021 and the S-K 1300 Technical Report Summary on the Donlin Gold Project, Alaska, USA, November 30, 2021.39Moz refers to mineral resources inclusive of reserves on a 100% basis. Donlin Gold proven and probable reserves of approximately 16.925 Moz grading 2.09 g/t attributable to NOVAGOLD (33.849 Moz on 100% basis) and measured and indicated resources, exclusive of reserves, of approximately 2.749 Moz grading 2.43 g/t attributable to NOVAGOLD (5.497 Moz on 100% basis).
