Project Overview - The Donlin Gold project is a joint venture between NOVAGOLD and Barrick Gold Corporation, focusing on advancing gold mining operations in Alaska [77]. - The Donlin Gold project is a 50% joint venture between the company and Barrick Gold, with a promissory note of approximately $109.8 million as of November 30, 2020, for prior expenditures [200]. - The Donlin Gold project currently has no known reserves as defined under SEC Industry Guide 7 [190]. - The Donlin Gold property hosts an estimated 33.8 million ounces of proven and probable gold reserves, averaging 2.09 grams per tonne [203]. - The project is without known reserves under SEC Industry Guide 7 [247]. Financial Performance and Projections - NOVAGOLD has no current revenue from mining operations, as none of its mineral properties are in production [111]. - The company has a history of net losses and expects to continue incurring losses until the Donlin Gold project commences commercial production and generates sufficient revenues [115]. - The total capital cost estimate for the Donlin Gold project is approximately $6.7 billion, which includes costs related to the natural gas pipeline [117]. - The previous initial capital cost estimate for the Donlin Gold project was $4.5 billion, excluding the natural gas pipeline costs [123]. - The project's estimated after-tax net present value (NPV) at a 5% discount rate is $547 million, with an internal rate of return (IRR) of 6.0% at a gold price of $1,200 per ounce [254]. - Total cash flow after-tax is projected to be $6,197 million, with a payback period of 9.2 years [256]. - Initial capital requirements for mining operations are estimated at $345 million, with total project costs reaching $6,679 million [260]. Exploration and Development Activities - In 2020, Donlin Gold LLC completed an 85-hole drilling program totaling approximately 23,400 meters, the largest campaign since 2008, aimed at validating geological models and testing high-grade zones [95]. - Approximately 1,965 exploration and development drill holes have been completed, totaling 439,181 meters from 1988 through 2020 [224]. - Proven mineral reserves are estimated at 573,000 ounces with a gold grade of 2.32 grams per tonne [244]. - Probable mineral reserves are estimated at 33,276,000 ounces with a gold grade of 2.08 grams per tonne [244]. - Mineralization remains open at depth under the current pit limits, indicating potential for resource expansion [236]. Regulatory and Compliance Issues - The company is subject to various national and local regulations governing mining and environmental standards, and believes it is in compliance with applicable laws [98]. - The company requires various permits for its operations, and delays or failures to obtain these permits could have a material adverse impact [139]. - The company is subject to new SEC mining rules for disclosing mineral resources and reserves starting from the fiscal year ending November 30, 2022 [149]. - Compliance with evolving environmental laws and regulations may require significant capital outlays and could cause material changes or delays in operations [171]. Market Conditions and Risks - The average gold price in 2020 was $1,770 per ounce, with a high of $2,067 and a low of $1,474, indicating significant price volatility [107]. - The market price of gold, which is volatile, significantly affects the company's financial condition and long-term viability [125]. - Competition for financing and technical expertise in the mineral resource sector is intense, with many competitors having greater resources [99]. - The company faces risks related to health epidemics, such as COVID-19, which could disrupt operations and adversely affect financial conditions [131]. - Climate change could impact the feasibility of mining projects and increase operating costs due to potential regulations on energy consumption and emissions [184]. Operational Challenges - Significant infrastructure challenges exist for the Donlin Gold project, including a required 316-mile natural gas pipeline and a 30-mile access road [151]. - Exploration and construction activities may be delayed by inclement weather, impacting the Donlin Gold project's operational timeline [166]. - The company is exposed to various operational risks, including environmental hazards and regulatory compliance, which could lead to significant expenditures [170]. - Ongoing reclamation requirements may impose additional financial burdens, affecting the company's financial position [158]. Workforce and Diversity - As of November 30, 2020, NOVAGOLD had 13 full-time employees, with 46% of the workforce being women, reflecting the company's commitment to diversity [86][88]. - The company is dependent on key executives and skilled personnel, and the loss of these individuals could adversely affect business operations [179]. Shareholder and Financial Structure - The largest shareholder, Electrum, holds 25.52% of the common shares, influencing corporate decisions and potentially affecting market price and liquidity [154]. - Liquidity risk is managed through capital structure and financial leverage, with accounts payable due within one year [161]. - Interest rate risk associated with a promissory note could result in a $1.1 million increase or decrease in interest accrued per annum with a 1% change in the U.S. prime rate [162]. - The company faces credit risk with notes receivable totaling $75 million and $25 million from a subsidiary of Newmont, contingent on project feasibility studies [159].

NovaGold Resources Inc. (NYSE:NG) Q3 2020 Earnings Conference Call October 1, 2020 11:00 AM ET Company Participants Melanie Hennessey - VP, Corporate Communications Thomas Kaplan - Chairman Greg Lang - President and CEO David Ottewell - VP and CFO Conference Call Participants Lucas Pipes - B. Riley FBR Operator Thank you for standing by. This is the conference operator. Welcome to the NovaGold Third Quarter Financial Results Conference Call. As a reminder, all participants are in listen-only mode and the co ...

2020 Third Quarter Results & Project Update TSX, NYSE American: NG | novagold.com | October 1, 2020 NOVAGOLD Third Quarter 2020 Webcast and Conference Call Attendees Introduction Mélanie Hennessey (Vice President, Corporate Communications) Third-Quarter Update Greg Lang (President & Chief Executive Officer) Third-Quarter Financials Update David Ottewell (Vice President & Chief Financial Officer) Corporate Update & Gold Market Commentary Dr. Thomas Kaplan (Chairman) Closing Remarks Greg Lang (President & Chi ...

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 Commission File Number: 001-31913 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. Employer Identific ...

NovaGold Resources Inc. (NYSE:NG) Q1 2020 Earnings Conference Call June 25, 2020 11:00 AM ET Company Participants Melanie Hennessey - Vice President, Corporate Communications Thomas Kaplan - Chairman Greg Lang - President and CEO David Ottewell - Vice President and Chief Financial Officer Conference Call Participants Lucas Pipes - B. Riley FBR John Tumazos - John Tumazos Very Independent Research Operator Thank you for standing by. This is the conference operator. Welcome to the NOvaGold's Second Quarter F ...

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, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number: 001-31913 NOVAGOLD RESOURCES INC. (Exact Name of Registrant as Specified in Its Charter) British Columbia N/A (State or Other Jurisdiction of In ...

World Gold Forum TSX, NYSE American: NG | novagold.com | April 20-23, 2020 NOVAGOLD World Gold Forum - Webcast and Conference Call Attendees Introduction Mélanie Hennessey (Vice President Corporate Communications) Corporate Update & COVID-19 Response Greg Lang (President & Chief Executive Officer) First Quarter Financials Update David Ottewell (Vice President & Chief Financial Officer) Gold Market Commentary Dr. Thomas Kaplan (Chairman) Closing Remarks Greg Lang (President & Chief Executive Officer) Questio ...

NovaGold Resources Inc. (NYSE:NG) Q1 2020 Earnings Conference Call April 2, 2020 11:00 AM ET Company Participants Melanie Hennessey - Vice President, Corporate Communications Thomas Kaplan - Chairman Greg Lang - President and Chief Executive Officer David Ottewell - Vice President and Chief Financial Officer Conference Call Participants Lucas Pipes - B. Riley FBR Operator [Abrupt Start] Quarter Results and Project Update Conference Call. As a reminder, all participants are in listen-only mode and the confer ...

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 February 29, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number: 001-31913 NOVAGOLD RESOURCES INC. (Exact Name of Registrant as Specified in Its Charter) British Columbia N/A (State or Other Jurisdiction ...

NovaGold Resources Inc. (NYSE:NG) Q4 2019 Earnings Conference Call January 23, 2020 11:00 AM ET Company Participants Melanie Hennessey - Vice President of Corporate Communications Thomas Kaplan - Chairman Greg Lang - President & Chief Executive Officer David Ottewell - Vice President & Chief Financial Officer Conference Call Participants Lucas Pipes - B. Riley FBR Operator Thank you for standing by. This is the conference operator. Welcome to the NOVAGOLD 2019 Year-End Financial Results Conference Call and ...