Symbol
NYSE AMEX : NG
TSX : NG
NovaGold Resources Inc. (NYSE-AMEX, TSX: NG) is a growth company focused on gold exploration and development in Alaska and British Columbia. NovaGold owns 50% of the Donlin Creek gold project in Alaska, one of the world’s largest gold deposits, in an agreement with Barrick Gold (50%). NovaGold and Teck Resources have created a 50/50 partnership at the Galore Creek copper-gold-silver project in northwestern British Columbia. And NovaGold also owns 100% of the Rock Creek gold project and Ambler, an earlier-stage copper-zinc-gold-silver property in Alaska.
NovaGold has a reserve/resource base comparable to many of the mid-tier producers. When Donlin Creek is in production, NovaGold’s share of production for the first five years is estimated at 800,000 ounces of gold annually, with cash costs in the lower half of the industry.
The Company’s net resource inventory is 17.3 million ounces of Proven & Probable gold reserves, with a Measured and Indicated resource base of 8.2 million ounces of gold, 94 million ounces of silver and 6.0 billion pounds of copper and additional Inferred Resources of 4.5 million ounces of gold, 51 million ounces of silver and 2.7 billion pounds of copper.
NovaGold strongly believes that exploration success is one of the best ways to create shareholder value, and has consistently expanded the Company’s resource base. At total acquisition and discovery costs of less than $4 per ounce of gold, these discovery rates far surpass industry averages and will continue to be a major catalyst for NovaGold’s growth.
With the diversification of three separate multi-million-ounce quality projects, which are at different stages in the production pipeline, NovaGold has one of the strongest production growth profiles in the sector. NovaGold is unhedged and committed to operating to the highest environmental standards at all of its projects. Using industry best practices, we work closely with our local Native Alaskan and First Nations partners to develop projects that provide long-term benefits to those communities, including direct employment and opportunities to build new support-service businesses.
On a current resource valuation, production growth profile and social responsibility basis, we believe you will find that NovaGold offers one of the most compelling gold growth opportunities on the market.
For more detailed technical information on the Company’s projects, please refer to NovaGold’s Reserve/Resource Table.
Head Office
PO Box 24
Suite 2300 – 200 Granville Street
Vancouver, British Columbia
Canada V6C 1S4
Telephone: 604-669-6227
Fax: 604-669-6272
Toll free: 866-669-6227
Email: info@novagold.net