NOVAGOLD (NYSE-MKT, TSX: NG) is a well-financed precious metals company engaged in the development of mineral properties in North America. The Company's flagship asset, the 50%-owned Donlin Gold project in Alaska, recently commenced permitting, which is a clearly defined process expected to take 3-4 years. Donlin Gold is a uniquely attractive asset which, in terms of size, grade, exploration potential, production profile and jurisdictional safety, is regarded to be the most important gold project in the world today. As per the Feasibility Study, Donlin Gold is expected to produce greater than 1M ounces annually over a 27-year mine life.
NOVAGOLD also owns 50% of the Galore Creek copper-gold-silver project located in northern British Columbia. According to the Pre-Feasibility Study, Galore Creek is expected to be the largest copper mine in Canada and in the top 5% of known gold deposits. The company is currently evaluating opportunities to sell all or a portion of its interest in Galore Creek and will apply the proceeds toward the development of Donlin Gold.
Committed to responsible development and operating to the highest environmental standards, NOVAGOLD acts with a long-term view, creating mutually beneficial relationships with our communities, employees, investors, partners and other people critical to our success and the economic development of Alaska.