Our ESG Approach
Our ESG Approach
Our business is built on the principle that robust financial, social, environmental, and governance performance are equally vital for our success. Embracing strong ESG practices is crucial in achieving our business objectives, generating enduring value for local communities, and meeting the financial expectations of our shareholders. From establishing and fostering relationships with local communities from the start of project planning to implementing socially and environmentally responsible closure practices, sustainability is ingrained in our activities, and NOVAGOLD continually explores innovative ways to enhance stakeholder value.
Our commitment to responsible mining extends throughout our corporate vision and management systems, forming the bedrock of our business. We employ a comprehensive and agile strategy for risk management, which integrates input and output from diverse stakeholders spanning ESG, finance, technology, legal, and overarching business risks. The significance of ESG is acknowledged at the highest levels of the Company, with direct Board engagement in goal setting and performance oversight, encompassing the Company’s actions regarding climate change.
“The Donlin Gold project is a vital opportunity for Calista Corporation, its shareholders, and the Yukon-Kuskokwim communities. We fully support the project because our region needs economic development that preserves subsistence resources and provides jobs and training for our youth. This land has been stewarded by Central Yup’ik and Athabascan peoples for generations, and Calista remains committed to responsible development that honors our legacy. The Donlin Gold project will generate revenues for Calista and valuable jobs for our shareholders, allowing our people to stay in the region and support their families while sustaining their way of life.”
Andrew Guy
President and CEO,
Calista Corporation
ABOUT NOVAGOLD
A 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 partnership with Paulson Advisers LLC. Donlin is positioned to be one of the world’s largest gold mines, with 39 million ounces in measured and indicated mineral resources at an average grade of 2.24 grams per tonne1 on a mineralized trend that occupies just five percent of its land package. We believe it offers investors extraordinary leverage to gold.
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. 39 Moz refers to measured and indicated mineral resources inclusive of mineral resources on a 100% basis, 50% attributable to NOVAGOLD (19.503 Moz). 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).
ABOUT Donlin Gold
The Donlin Gold project is located on private Native land selected by Calista Corporation (“Calista”) and The Kuskokwim Corporation (TKC) for its long-term mineral economic potential more than five decades ago. Donlin Gold LLC holds life-of-mine agreements with Calista, the regional Alaska Native Corporation that owns the subsurface mineral rights and some surface land rights, and TKC, which represents 10 villages and owns most of the surface land. These lands and rights were conveyed to Calista and TKC under the Alaska Native Claims Settlement Act (ANCSA), landmark legislation passed by the U.S. Congress. Donlin Gold LLC works in close partnership with both ANCSA corporations to support and invest in local communities across the region.
With approximately 39 million ounces of gold in the measured and indicated mineral resource categories (541 million tonnes at an average grade of approximately 2.24 grams per tonne in the measured and indicated resource categories on a 100 percent basis)1, inclusive of proven and probable mineral reserves, Donlin Gold is considered one of the largest, highest-grade, and most prospective known open-pit gold deposits in the world. According to our 2021 Technical Report and the S-K 1300 Technical Report Summary (as defined below), once in production, Donlin Gold is expected to produce an average of more than one million ounces per year over a 27-year mine life on a 100 percent basis.
1. Donlin Gold data as per the report entitled “NI 43-101 Technical Report on the Donlin Gold project, Alaska, USA” (“2021 Technical Report”), with an effective date of June 1, 2021, and the report titled “S-K 1300 Technical Report Summary on the Donlin Gold project, Alaska, USA” (“S-K 1300 Technical Report Summary”), dated November 30, 2021. Donlin Gold possesses Measured Resources of approximately 8 Mt grading 2.52 g/t and Indicated Resources of approximately 534 Mt grading 2.24 g/t, each on a 100% basis and inclusive of Mineral Reserves, of which approximately 4 Mt of Measured Resources and approximately 267 Mt of Indicated Resources inclusive of Reserves is attributable to NOVAGOLD through its 50% ownership interest in Donlin Gold LLC. Exclusive of Mineral Reserves, Donlin Gold possesses Measured Resources of approximately 1 Mt grading 2.23 g/t and Indicated Resources of approximately 69 Mt grading 2.44 g/t, of which approximately 0.5 Mt of Measured Resources and approximately 35 Mt of Indicated Resources exclusive of Mineral Reserves is attributable to NOVAGOLD. Donlin Gold possesses Proven Reserves of approximately 8 Mt grading 2.32 g/t and Probable Reserves of approximately 497 Mt grading 2.08 g/t, each on a 100% basis, of which approximately 4 Mt of Proven Reserves and approximately 249 Mt of Probable Reserves is attributable to NOVAGOLD. Mineral Reserves and Resources have been estimated in accordance with NI 43-101 and S-K 1300.