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Bullboard - Stock Discussion Forum NovaGold Resources Ord Shs T.NG

Alternate Symbol(s):  NG

NOVAGOLD Resources Inc. is a precious metals company, which is focused on the development of its 50%-owned Donlin Gold project in Alaska. The Donlin Gold project is a development-stage gold project. The Donlin Gold property is located in the Kuskokwim region of southwestern Alaska on private, Alaska Native-owned mineral and surface land and Alaska state mining claims. The Donlin Gold deposits... see more

TSX:NG - Post Discussion

NovaGold Resources Ord Shs > NOVAGOLD Reports First Quarter 2022 Financial Results
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Post by Betteryear2 on Apr 05, 2022 7:17pm

NOVAGOLD Reports First Quarter 2022 Financial Results

Final Results from 2021 Donlin Gold Drilling Program Continued to
Deliver High-Grade Intercepts as expected, Supporting the Modelled Resource Estimate

2022 Donlin Gold Drill Program is Largest in more than a Decade, Focused on Advancing Preparation for Feasibility Work

Robust $155-Million Treasury with 2023 Receivable of $25 Million

  • The success of the expanded 2021 Donlin Gold drill program delivered on its objectives to validate recent geologic modelling concepts to support future feasibility work and test for extensions of high-grade zones. The results support the existing global resource estimate, the recent modelling concepts, and strategic mine planning work.
  • With the largest project budget in more than a decade, a plan is in place to advance Donlin Gold up the value chain in 2022 and position the project to be able to proceed with the preparation of an updated feasibility study, subject to Donlin Gold LLC Board approval.
  • NOVAGOLD’s treasury remained strong with $155 million in cash and term deposits as of February 28, 2022, with another $25 million due in July 2023 from Newmont, the total being more than sufficient to advance Donlin Gold up the value chain.

VANCOUVER, British Columbia, April 05, 2022 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (“NOVAGOLD” or “the Company”) (NYSE American, TSX: NG) today released its 2022 first quarter financial results and an update on its Tier One1 gold development project, Donlin Gold, which NOVAGOLD owns equally with Barrick Gold Corporation (“Barrick”).

NOVAGOLD Reports First Quarter 2022 Financial Results

 
 
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