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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 are situated at approximately 62-degree North latitude and 158-degree West longitude, which is 450 kilometers (km) west of Anchorage and 250 km northeast of Bethel up the Kuskokwim River. The project is held by Donlin Gold LLC (Donlin Gold), which is owned 50% by the Company's wholly owned subsidiary, NOVAGOLD Resources Alaska Inc., and 50% by Barrick Gold Corporation's wholly owned subsidiary, Barrick Gold U.S. Inc.


TSX:NG - Post by User

Post by Value2020on Nov 16, 2020 12:06pm
814 Views
Post# 31906916

MJS.V Q3 Another Blowout Quarter

MJS.V Q3 Another Blowout Quarter

Trading at .06c

                       Sept/19        Sept/20           

Revenue        7.10 M          13.90 M    *up 96% 
 

Net Income   1.80 M           4.7 M       *up 261% 


Gold Sold      5,524 oz        8,301 oz   *up 50%   


Avg. Price      $1,280           $1,667     *up 30%


AISC               $838              $650        *down 29%


EBITDA          3.0 M            8.5 M        *up 283%

Produced       6,273            
9,235        
*up 47%


Grade             .62                .74             *up 19%


CASH             24M             19.5M                   

* Paid 10 million for the 10 year license extention
* Paid 5.7 million in debt
* Spent 13 million on purchase of property, plant and equipment, showing up in increased production
 

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