NovaGold Resources Inc.
NG.TO
Toronto Stock Exchange8.80
CAD
-1.48
- -
NovaGold Resources Inc.
NG.TO
(Toronto Stock Exchange)
Recent
price
8.80
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- NovaGold Resources Inc. (TSX, NYSE American: NG) is a precious metals exploration and development company focused on advancing the Donlin Gold project in Alaska, one of the world's largest known undeveloped open-pit gold deposits containing approximately 39 million ounces of gold in measured and indicated mineral resources grading 2.24 grams per tonne on a 100% basis. The company holds a 60% interest in Donlin Gold LLC, with the remaining 40% owned by funds managed by Paulson Advisers LLC; Donlin Gold LLC oversees the project's mineral and surface rights held in partnership with Calista Corporation and The Kuskokwim Corporation on private Alaska Native-owned land and state mining claims in the Kuskokwim region of southwestern Alaska. NovaGold engages in gold exploration through geological surveys, drilling programs, resource estimation, and project development activities including engineering, feasibility studies, permitting support, and community engagement to advance the project toward potential production, which envisions average annual output exceeding one million ounces over a 27-year mine life at low operating costs relative to industry peers. Founded in 1984 and headquartered in Vancouver, British Columbia, Canada, with an executive office in Salt Lake City, Utah, NovaGold operates exclusively in North America, concentrating on the Donlin Gold project located 450 kilometers west of Anchorage amid Alaska's stable mining jurisdiction. In June 2025, NovaGold and Paulson Advisers completed a transformative $1 billion acquisition of Barrick Mining Corporation's 50% interest in Donlin Gold LLC, with NovaGold acquiring an additional 10% stake for $200 million to reach 60% ownership and Paulson securing 40%; this transaction, funded partly by a $195.2 million public offering and $64.4 million private placement, established equal governance rights and shifted focus to a new Bankable Feasibility Study with contract award planned before year-end 2025. During 2025, the company completed an 18,454-meter drill program confirming high-grade mineralization up to 23.49 g/t gold, issued a Request for Proposals for the feasibility study to top engineering firms, advanced geotechnical drilling for mine design and access road materials, and enhanced stakeholder engagement including site tours, 19 Shared Values Statements with Yukon-Kuskokwim communities, and environmental restoration at Snow Gulch. NovaGold maintains a strong treasury of approximately $125 million as of August 31, 2025, supporting elevated 2025 expenditures aligned with its 60% funding obligation and positioning for resource expansion, construction decision by 2027, and commercial production around 2031.