Novagold’s Donlin costs, net value jump in update

An employee works on drilling at the Donlin Gold project in Alaska. Credit: Novagold Resources. Novagold Resources (TSX: NG) says inflationary pressures mean its Donlin Gold project in Alaska will probably cost $9.2 billion – a 25% increase – while the value of the proposed mine has soared 66% on the back of higher commodity prices.Based on a $2,100-per-oz. gold price and a 5% discount rate, Donlin’s net present value is now projected to be $5.1 billion, up from the $3 billion that was calculated in a 2021 ...