Permit for Large, Undeveloped Open-Pit Gold Deposit | NOVAGOLD Resources
NOVAGOLD has obtained key permits for one of the world’s largest, undeveloped open-pit gold deposits, Donlin Gold. Well-funded with a healthy cash balance. NOVAGOLD’s Alaskan project is in a safe jurisdiction, welcoming new responsible development.
NOVAGOLD RESOURCES INC. (TSX, NYSE American: NG) offers an unrivaled opportunity for investors seeking leverage to gold. Our 50 percent-owned flagship Donlin Gold project is a uniquely attractive asset which – in terms of size, grade, exploration potential, production profile, mine life, and jurisdictional safety – is one of the most important gold projects in the world today. NOVAGOLD is in the enviable position of being well-funded with a cash balance of $70 million as of May 31, 2018 with an additional $100 million added to the treasury as a result of the sale of Galore Creek on July 27, 2018, sufficient to take the Donlin Gold project through the permitting process and fulfill all of its current financial obligations.
NOVAGOLD has consistently sought to build strong community partnerships, reach equitable participation agreements with our Alaska Native Corporation and partners, and establish good communication with local communities as well as state and federal regulators.
Maintaining these mutually-beneficial relationships is a key corporate value.
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