200 GRANVILLE STREET, SUITE 2300, PO BOX 24
VANCOUVER
British Columbia
Canada,
V6C 1S4
Phone: +1 (604) 669-6227
Fax: +1 (604) 669-6272
Toll Free: 1-866-669-6227
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Turning Experience and Opportunity into Gold
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NovaGold Resources Inc. (AMEX, TSX: NG) is a growth company focused on gold exploration, development and mining. NovaGold owns 50% of the Donlin Creek gold project in Alaska, one of the world's largest gold deposits, in an agreement with Barrick Gold (50%). NovaGold and Teck Cominco have created a 50/50 partnership at the Galore Creek copper-gold-silver project in northwestern British Columbia. And NovaGold also owns 100% of Nome Operations, a fully constructed gold mine in Alaska expected to produce 100,000 ounces of gold annually when production can commence.
NovaGold's Donlin Creek property is advancing through permitting toward a construction decision. When built, the mine is expected to produce nearly 1.5 million ounces of gold annually for the first 12 years of a 20+ year mine life, at cash costs in the lower half of the industry.
The Company’s net resource inventory is 15.2 million ounces of Proven & Probable gold reserves, with a Measured and Indicated resource base of 8.8 million ounces of gold, 78.0 million ounces of silver and 5.2 billion pounds of copper and additional Inferred Resources of 5.2 million ounces of gold, 53.5 million ounces of silver and 2.6 billion pounds of copper. This reserve/resource base is comparable to many of the world's most prominent producers.
For more information:
- Contact NovaGold -
Company NewsWednesday, July 15, 2009 NovaGold Resources announced for the three-month period ended May 31, 2009, reported a net loss of $4.8 million (or $0.03 basic and diluted loss per share) compared to net loss of $23.2 million (or $0.22 basic and diluted loss per share) for the corresponding period in 2008. The $18.4 million reduction in losses when comparing the second quarters of 2009 and 2008 is primarily due to the focused of its exploration efforts mainly on the Donlin Creek project and had $4.4 million of exploration expense compared to $16.9 million which relates to exploration activities in the Donlin Creek, Galore Creek, and Rock Creek projects in the same period in 2008. Also a $16.1 foreign exchange gain in the second quarter of 2009 compared to a loss of $0.7 million in the same period of 2008 due primarily to the effect on the Company’s US dollar denominated liabilities of the strengthening of the Canadian dollar against the US dollar. News ReleasesThursday, October 22, 2009 Monday, February 23, 2009 Map Legend: Producer Past Producer  Development  Exploration |
