About NOVAGOLD
A secure and 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 equal partnership with Barrick Gold. Donlin is positioned to be one of the world’s largest gold mines, with 39 million ounces in measured and indicated mineral resources at a high average grade of 2.24 grams per tonne1 on a mineralized trend that occupies just 5 percent of its land package. We believe it offers investors extraordinary leverage to gold.
NOVAGOLD is in the enviable position of being well-funded with a cash balance of $107.6 million as of May 31, 2021, expected to be sufficient to continue advancement on the Donlin Gold project and fulfill all of its current financial obligations towards a construction decision.
1 Donlin Gold data as per the NI 43-101 Technical Report on the Donlin Gold Project, Alaska, USA (as defined herein). Donlin Gold 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. Mineral resources have been estimated in accordance with NI 43-101.
