A comprehensive letter to shareholders from our Chairman, Dr. Thomas S. Kaplan, entitled “Modern Monetary Theology for a World in Flux”, explores the dynamics of the current bull market in precious metals and the positive impact of cryptocurrencies for the gold narrative, assesses important geo-political shifts and the state of the gold industry as it relates to scarce Tier-One assets in Tier-One jurisdictions like Donlin Gold, jointly owned by NOVAGOLD and its 50% partner Barrick Gold Corporation, and provides in-depth answers to a broad range of questions frequently asked by our shareholders and other investors in the sector.
Our President and CEO Greg Lang delivers a detailed account of the highly successful 2020 drill program undertaken by Donlin Gold, highlighting the most important achievements including superb safety performance with zero COVID-19 cases or Lost-Time Incidents on site, outstanding assay results from the 85-hole 23,361-meter drill program, in addition to strong and coordinated assistance to the native communities in the region, particularly at a time of need during the pandemic.