Financial Performance and Expenditures - NOVAGOLD held a strong treasury of approximately $101 million in cash and term deposits as of November 30, 2024, with net annual cash expenditures of $24.5 million, below the 2024 expenditure guidance of $31.2 million[3] - NOVAGOLD's 2025 expenditure is anticipated to be approximately $37.5 million, including $21.5 million for Donlin Gold and $16.0 million for corporate general and administrative costs[27] - NOVAGOLD reported earnings of ($45.6) million and earnings per share of ($0.14) for the 2024 fiscal year, reflecting expenditures in line with budget[3] - NOVAGOLD has a robust balance sheet to finance its share of current activities at Donlin Gold[31] Donlin Gold Project Development - Donlin Gold's 2025 budget was approved at $43 million (100% basis), focusing on key areas such as camp operations, grid drilling, and mine planning[5] - Donlin Gold submitted preliminary design packages for Dam Safety Certification to ADNR in 2024, with potential issuance expected in 2026/2027[14] - Donlin Gold received an 18-month extension on its air quality permit through July 2026, with other permits administratively extended until renewal[15] - Donlin Gold's resource model was advanced in 2024, with metallurgical test work completed to confirm optimizations to the flowsheet[6][9] - Current activities at Donlin Gold focus on state permitting, engineering studies, and community engagement in preparation for construction and operation[31] - The 2025 outlook includes potential commencement of a new feasibility study for Donlin Gold[33] - NOVAGOLD anticipates expenditures and goals for 2025, including support for key stakeholders and permitting processes[33] - The company is focused on advancing Donlin Gold safely, responsibly, and sustainably to generate value for stakeholders[33] - NOVAGOLD's strategy includes increasing shareholder and stakeholder wealth through the Donlin Gold project[33] - The success of the Donlin Gold community relations plan and exploration drilling outcomes are key forward-looking statements[33] Donlin Gold Resource and Production Estimates - Donlin Gold possesses Measured Resources of approximately 8 Mt grading 2.52 g/t and Indicated Resources of approximately 534 Mt grading 2.24 g/t, with an anticipated life of mine operating cash cost of $635 per gold ounce[21][22] - Donlin Gold is projected to produce over 1.1 million ounces of gold annually over a 27-year mine life, ranking it among the largest gold assets globally[18][22] - Donlin Gold project has approximately 39 million ounces of gold in Measured and Indicated Mineral Resource categories, with 541 million tonnes at an average grade of 2.24 grams per tonne[31] - Donlin Gold is expected to produce an average of approximately 1 million ounces of gold annually over a 27-year mine life[31] - The Donlin Gold open pit currently covers 3 kilometers of an approximately 8-kilometer-long gold-bearing trend[31] Environmental and Community Engagement - Donlin Gold launched a salmon smolt monitoring program in 2024, partnering with local communities to assess smolt health and migration patterns[10]

VANCOUVER, British Columbia, Jan. 23, 2025 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (“NOVAGOLD” or “the Company”) (NYSE American, TSX: NG) today filed its 2024 fiscal year-end report and provided an update on its Tier One1 gold development project, Donlin Gold, which NOVAGOLD owns equally with Barrick Gold Corporation (“Barrick”). Details of the financial results for the year ended November 30, 2024, are presented in the consolidated financial statements and annual report on Form 10-K filed on January 23 ...

Core Viewpoint - NOVAGOLD Resources Inc. is set to release its 2024 year-end report on January 23, 2025, before market opening, followed by a conference call and video webcast to discuss the results [1] Group 1: Financial Results and Updates - The conference call will feature NOVAGOLD's President and CEO, Greg Lang, and CFO, Peter Adamek, who will summarize the company's year-end financial results and provide an update on the Donlin Gold project [2] - Questions can be submitted prior to the call, and there will be an opportunity for live questions during the webcast [2] Group 2: Webcast and Call Details - The video webcast can be accessed at www.novagold.com/investors/events, with specific call-in numbers provided for North American and international callers [3] - The webcast will be archived on NOVAGOLD's website for one year, and a transcript of the call will be available for download [3] Group 3: Company Contacts - Key contacts for NOVAGOLD include Mélanie Hennessey, Vice President of Corporate Communications, and Frank Gagnon, Manager of Investor Relations, with provided contact numbers for inquiries [4]

Novagold Resources Inc. (NG, Financial), a company engaged in mineral exploration and development, recently experienced a notable stock fluctuation, with shares diving by 5.22%. The stock is currently priced at $3.45 per share, with a trading volume of 870,909 shares and a turnover rate of 0.26%, showing an amplitude of 5.49%. Financial reports indicate no operating revenue for the company, a net loss of $10.74 million, an earnings per share (EPS) of -$0.03, a gross profit of -$6,000, and a price-to-earning ...

NovaGold Resources Inc. (NYSE:NG) Q3 2024 Earnings Conference Call October 3, 2024 11:00 AM ET Company Participants Melanie Hennessey - Vice President, Corporate Communications Gregory Lang - President and Chief Executive Officer Peter Adamek - Vice President and Chief Financial Officer Conference Call Participants Fedor Shabalin - B. Riley Securities Operator Thank you for standing by. This is the Conference Operator. Welcome to the NOVAGOLD 2024 Third Quarter Financial Results Conference Call and Webcast. ...

Exhibit 99.1 NEWS RELEASE NOVAGOLD Reports Third Quarter 2024 Financial Results Focused on Progressing the Donlin Gold Project to a Fully Updated Feasibility Study Wide-Ranging Community Involvement and Government Engagement to Sustain Donlin Gold's Social License Strong Treasury of Approximately $106 Million in Cash and Term Deposits October 2, 2024 – Vancouver, British Columbia – NOVAGOLD RESOURCES INC. ("NOVAGOLD" or the "Company") (NYSE American, TSX: NG) today released its 2024 third quarter financial ...

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 August 31, 2024 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 ...

Focused on Progressing the Donlin Gold Project to a Fully Updated Feasibility Study Wide-Ranging Community Involvement and Government Engagement to Sustain Donlin Gold's Social License Strong Treasury of Approximately $106 Million in Cash and Term Deposits VANCOUVER, British Columbia, Oct. 02, 2024 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. ("NOVAGOLD" or the "Company") (NYSE American, TSX: NG) today released its 2024 third quarter financial results and provided an update on its Tier One1 gold development ...

VANCOUVER, British Columbia, Sept. 19, 2024 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (TSX, NYSE American: NG) will release its 2024 third quarter financial results after market close on October 2, 2024. A conference call and video webcast to discuss these results will take place October 3, 2024, at 8:00 am PT (11:00 am ET). During the webcast, NOVAGOLD's President and Chief Executive Officer, Greg Lang; and Vice President and Chief Financial Officer, Peter Adamek, will provide a summary of the company's ...

NovaGold Resources Inc. (NYSE:NG) Q2 2024 Earnings Conference Call June 27, 2024 11:00 AM ET Company Participants Melanie Hennessey - Vice President, Corporate Communications Greg Lang - President & Chief Executive Officer David Ottewell - Vice President & Chief Financial Officer Conference Call Participants Fedor Shabalin - B. Riley Securities Operator Thank you for standing by. This is the conference operator. Welcome to the NOVAGOLD 2024 Second Quarter Financial Results Conference Call and Webcast. As a ...