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Due to the remote location of Donlin Gold, infrastructure required to support the mine and process operations include a marine cargo port near Bethel, an upriver port near Jungjuk Creek, ocean and river barging operations, an access road from the upriver port to site, a permanent camp, an airstrip, power generation facilities, fuel storage facilities, water management facilities, and a natural gas pipeline.

Donlin Gold is proposing to build a buried natural gas pipeline to serve as the energy source for on-site power generation. The 315 mile-long (507 km), 14 inch-diameter (356 mm) steel pipeline would transport natural gas from the Cook Inlet region to the project site.

This natural gas pipeline is a better economic alternative over the life of mine to the previously considered barging of diesel fuel. Operating costs assume a delivered gas pricing which includes importing liquefied natural gas (LNG) to Anchorage; total delivery costs associated with purchase, transportation, and regasification of the LNG; delivery through the Cook Inlet pipeline network (existing 20 inch-diameter (508 mm) natural gas pipeline near Beluga); and operating costs for the Cook Inlet-to-Donlin Gold pipeline.

The total estimated initial capital cost to design and build the Donlin Gold project is $7.4 billion per the the NI 43-101 Technical Report on the Donlin Gold Project, Alaska, USA, effective June 1, 2021 and the S-K 1300 Technical Report Summary on the Donlin Gold Project, Alaska, USA, November 30, 2021.

The sustaining capital cost estimate for the life of the mine totals $1.7 billion, or $57 per ounce of gold sold.

Operating costs at Donlin Gold, estimated in the NI 43-101 Technical Report on the Donlin Gold Project, Alaska, USA, effective June 1, 2021 and the S-K 1300 Technical Report Summary on the Donlin Gold Project, Alaska, USA, November 30, 2021, are generally categorized into mining, processing, general and administrative (G&A), and land & royalty payments. Mine operating costs are expected to total approximately $8.4 billion over the life of mine (LOM), or $2.58 per tonne mined. Process operating costs are expected to total $6.9 billion over the LOM, or $13.70 per tonne processed. G&A costs are expected to total $1.8 billion over the LOM, or $3.49 per tonne processed. Royalty and land use costs are expected to total $2.2 billion over the LOM at a gold price of $1,500 per ounce. Total operating costs over the LOM are estimated to be $19.3 billion or $38.21 per tonne processed or $635 per gold ounce sold (based on LOM operating costs of $19.2 billion and 30.4 million ounces of gold sold). Significant drivers of operating costs include diesel fuel, natural gas (for generating electric power), labor, processing reagents and consumables, explosives, tires, fixed and mobile maintenance supplies, and consulting and contracting services.

Source: Donlin Gold Project NI 43-101 Technical Report entitled “NI 43-101 Technical Report on the Donlin Gold Project, Alaska, USA” effective June 1, 2021 and the “S-K 1300 Technical Report Summary on the Donlin Gold Project, Alaska, USA”, November 30, 2021. A copy of the Donlin Gold Technical Report is available here as well as at www.sedarplus.ca or www.sec.gov.