A jewel in one of the world’s safest mining jurisdictions
NOVAGOLD offers an excellent opportunity for investors seeking leverage to gold. The company’s 50 percent-owned flagship Donlin Gold project is a uniquely attractive asset. Additionally, in terms of size, grade, exploration potential, production profile, mine life, and jurisdictional safety it’s one of the most important, in the ground, gold projects in the world today. NOVAGOLD is also in the position of being well-funded with a cash balance of $126.3 cash + term deposits as of August 31, 2020. Further, this is expected to be sufficient to continue advancement on the Donlin Gold project. It should also fulfill all of its current financial obligations towards a construction decision. Moreover, NOVAGOLD was the only mining company added to the Russell 2000 Index in 2019.
More About Donlin Gold
The Donlin Gold project is located in the historic Kuskokwim Gold Belt of Southwest Alaska. It’s managed by Donlin Gold LLC, which is owned equally by subsidiaries of NOVAGOLD and Barrick Gold Corporation. Donlin Gold’s unique status is defined by six distinguishing characteristics. This includes exceptional reserve size and production capability, high grade for large-scale open-pit mining, significant exploration upside, leverage to higher gold prices, location in a favorable jurisdiction, and strong Alaska Native Corporation and community partnerships.
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