Workflow
NOVAGOLD(NG)
icon
Search documents
NOVAGOLD Announces Appointment of New Director
GlobeNewswire News Room· 2025-07-21 23:40
Company Overview - NOVAGOLD RESOURCES INC. has appointed Ali Erfan to its Board of Directors, filling the vacancy left by Diane Garrett's departure [1][2] - Ali Erfan is a long-standing Vice-Chairman of The Electrum Group, which is NOVAGOLD's largest shareholder and a leader in precious metals mining [2] - The company is focused on the development of the Donlin Gold project in Alaska, which is recognized as one of the largest and highest-grade open-pit gold deposits globally [4] Board Member Background - Mr. Erfan has extensive experience in capital markets and has been with Electrum since 2007, contributing to significant investments in the mining sector [2] - He was a founding board member of Leor Energy, which was sold to Encana for $2.6 billion in 2007 [2] - His previous roles include being a senior partner at 3i Group plc and involvement in several early-stage technology companies that achieved successful IPOs and M&A exits [3] Donlin Gold Project Details - The Donlin Gold project has approximately 39 million ounces of gold in the Measured and Indicated Mineral Resource categories, with Proven and Probable Mineral Reserves of 541 million tonnes at an average grade of approximately 2.24 grams per tonne [4][7] - Once in production, the project is expected to produce over one million ounces of gold annually over a mine life of 27 years [4] - The project possesses Proven Reserves of approximately 8 million tonnes grading 2.32 grams per tonne and Probable Reserves of approximately 497 million tonnes grading 2.08 grams per tonne [8]
NovaGold Resources Inc. (NG) Q2 2025 Earnings Conference Call Transcript
Seeking Alpha· 2025-06-25 20:05
Core Viewpoint - NovaGold Resources Inc. is reintroducing itself into the gold development space, highlighting its strategic focus on the Donlin Gold project and its financial results for Q2 2025 [5]. Group 1: Company Overview - The conference call features key company executives including the Chairman, President and CEO, and CFO, indicating a comprehensive update on company performance and future plans [3]. - The call is part of NovaGold's efforts to communicate its financial results and project updates to stakeholders [2]. Group 2: Financial Results - The Q2 2025 financial results are a focal point of the conference, suggesting that the company is in a critical phase of its financial performance assessment [2]. - The presentation includes forward-looking statements, indicating the company's commitment to transparency regarding its projections and goals [4]. Group 3: Project Focus - The Donlin Gold project is emphasized as a key area of focus for NovaGold, reflecting the company's strategic direction in the gold sector [3].
NOVAGOLD(NG) - 2025 Q2 - Quarterly Results
2025-06-25 12:06
Exhibit 99.1 NEWS RELEASE NOVAGOLD FILES SECOND QUARTER 2025 REPORT June 25, 2025 – Vancouver, British Columbia – NOVAGOLD RESOURCES INC. ("NOVAGOLD" or "the Company") (NYSE American, TSX: NG) today filed its 2025 second quarter report and provided an update on its Tier One gold development project, Donlin Gold, which is owned 60 percent by NOVAGOLD and 40 percent by funds managed by Paulson Advisers LLC ("Paulson"). Details of the financial results for the quarter ended May 31, 2025, are presented in the c ...
NOVAGOLD Files Second Quarter 2025 Report
Globenewswire· 2025-06-25 12:05
Announced a pivotal transaction with Paulson Advisers – NOVAGOLD acquired an additional 10% economic interest increasing its stake to 60% in Donlin Gold LLC to advance the project to the next phase of an updated Feasibility Study.Strengthened the Company’s treasury by completing a public equity offering and a private placement of 65 million shares, resulting in approximately $234 million in net proceeds.Advanced the Donlin Gold 15,000-meter drill program now focused on converting and expanding reserves and ...
NOVAGOLD(NG) - 2025 Q2 - Quarterly Report
2025-06-25 12:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended May 31, 2025 OR NOVAGOLD RESOURCES INC. (Exact Name of Registrant as Specified in Its Charter) British Columbia N/A (State or Other Jurisdiction of Incorporation or Organization) 201 South Main Street, Suite 400 Salt Lake City, Utah, USA 84111 (Address of Principal Executive Offices) (Zip Code) (I.R.S. Emplo ...
NOVAGOLD Releases 2024 Sustainability Report
Globenewswire· 2025-06-16 15:35
Core Viewpoint - NOVAGOLD Resources Inc. has published its 2024 Sustainability Report, highlighting its commitment to environmental responsibility, health and safety, social engagement, and corporate governance in line with GRI standards and TCFD recommendations [1][8]. Group 1: Sustainability and ESG Practices - The company emphasizes the evolution of its ESG practices, focusing on collaboration with local communities in the Yukon-Kuskokwim region to minimize environmental impacts and foster economic activity [2][5]. - Transparency is a key aspect of NOVAGOLD's approach, ensuring clear communication of sustainability priorities and ESG performance metrics since 2020 [6][8]. Group 2: Donlin Gold Project - NOVAGOLD is focused on advancing the Donlin Gold project, which is regarded as one of the largest and highest-grade open-pit gold deposits globally, with approximately 39 million ounces of gold in the Measured and Indicated Mineral Resource categories [9][13]. - The project is expected to produce an average of over one million ounces of gold per year over a 27-year mine life once in production [9]. Group 3: Community Engagement and Governance - The company highlights its ongoing commitment to community investments and stakeholder interactions, aiming to deliver lasting economic and social benefits through responsible development [5][8]. - NOVAGOLD aligns its sustainability efforts with the recommendations of TCFD and TNFD, as well as the GRI framework, to ensure comprehensive governance [8].
SAVE THE DATE: NOVAGOLD 2025 Second Quarter Report, Conference Call and Video Webcast
Globenewswire· 2025-06-13 21:15
Group 1 - NOVAGOLD Resources Inc. will release its 2025 second quarter report before market open on June 25, 2025 [1] - A conference call and video webcast will follow the report release at 8:00 am PT, featuring updates from the Chairman and CEO on recent transactions and strategic implications [2] - The CFO will present a summary of the second quarter financial results during the webcast [2] Group 2 - Questions can be submitted prior to the call via email, and there will be an opportunity for live questions during the webcast [3] - The video webcast will be archived on NOVAGOLD's website for one year, and a transcript will be available for download [4]
NOVAGOLD Announces Full Exercise and Closing of Underwriters' Option
GlobeNewswire News Room· 2025-06-05 20:03
All amounts are in U.S. dollars unless otherwise stated VANCOUVER, British Columbia, June 05, 2025 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (“NOVAGOLD” or “the Company”) (NYSE American, TSX: NG) announces the full exercise and closing of the underwriters’ option to purchase an additional 7,177,500 of our common shares at the public offering price of $3.75 per common share, less underwriting discounts and offering expenses. The exercise of the underwriters’ option closed today. After giving effect to the ...
NOVAGOLD and Paulson Advisers Complete $1 Billion Acquisition of Barrick Mining's 50% Interest in Donlin Gold
Globenewswire· 2025-06-03 22:09
Paulson Advisers acquires a 40% ownership interest in Donlin GoldNOVAGOLD increases ownership interest in Donlin Gold from 50% to 60%Financial public offering and concurrent private placement raised sufficient funding for NOVAGOLD’s acquisition and for the Donlin Gold Feasibility Study update All amounts are in U.S. dollars unless otherwise stated VANCOUVER, British Columbia, June 03, 2025 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (“NOVAGOLD”) (NYSE American, TSX: NG) and Paulson Advisers LLC (“Paulson”) ...
NOVAGOLD Announces Election of Directors and Voting Results from 2025 Virtual Annual General Meeting of Shareholders
Globenewswire· 2025-05-20 21:05
Core Points - NOVAGOLD Resources Inc. announced the results of its Annual General Meeting of Shareholders held on May 15, 2025, where all proposals were approved and all director nominees were elected [1][5] - A total of 275,809,182 shares, representing 82.41% of the Company's issued and outstanding shares, were represented at the Meeting [1][5] Shareholder Engagement - During the proxy outreach, NOVAGOLD contacted shareholders owning over 50,000 shares, who collectively hold approximately 89.92% of the Company's voting shares [2][5] - The input from shareholders has contributed to improvements in the Company's governance and compensation practices year-over-year [2] Shareholder Voting Results Proposal 1 – Election of Directors - All nominees listed in the Management Information Circular were elected as Directors, with the following vote outcomes: - Dr. Elaine Dorward-King: 93.96% votes for [3] - Dr. Diane Garrett: 99.54% votes for [3] - Dr. Thomas Kaplan: 99.34% votes for [3] - Hume Kyle: 99.27% votes for [3] - Gregory Lang: 99.74% votes for [3] - Kalidas Madhavpeddi: 85.04% votes for [3] - Kevin McArthur: 98.30% votes for [3] - Daniel Muñiz-Quintanilla: 94.03% votes for [3] - Ethan Schutt: 99.63% votes for [3] - Dawn Whitaker: 97.95% votes for [3] Proposal 2 – Appointment of Auditors - The appointment of PricewaterhouseCoopers LLP as auditors was approved [4] Proposal 3 – Advisory Approval of Executive Compensation ("Say-on-Pay") - The advisory vote on executive compensation received the following results: - Votes For: 180,443,860 (70.65%) - Votes Against: 73,007,164 (28.58%) - Abstentions: 1,939,929 (0.75%) [6]