NOVAGOLD(US:NG)2026-01-22 12:56Health and Safety - In 2025, NOVAGOLD's Donlin Gold project had no recordable injuries or lost time incidents, reflecting a strong commitment to health and safety[50] Financials and Budget - The fiscal 2026 budget for Donlin Gold is set at $131.4 million, with NOVAGOLD's share being $78.8 million, aimed at advancing the Bankable Feasibility Study (BFS) and securing permits[54] - A 1% change in the U.S. prime rate would result in an increase or decrease of approximately $1.7 million in interest accrued on the promissory note owed to Barrick per annum[476] Project Development - A Request for Proposals (RFP) for a BFS was issued to top-tier engineering firms, with proposals received in October 2025 and a contractor expected to be selected in Q1 2026[51] - An 18,454-meter drill program was completed in 2025, focusing on mine planning, geological modeling, and resource conversion[51] - Frank Arcese was hired as Project Director for Donlin Gold, bringing over 40 years of experience in large-scale mining projects[52] - The company is actively recruiting for critical positions to support the advancement of the BFS and project development[52] Community and Environmental Initiatives - NOVAGOLD has engaged in community and environmental initiatives, including meetings with local stakeholders and government officials to discuss project priorities[53] - Environmental efforts include channel restoration work at Snow Gulch to support aquatic life and restore natural habitat conditions[53] Market Conditions - The average gold price in 2025 was $3,436 per ounce, with a high of $4,482 and a low of $2,632[64]