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 NewsTuesday, April 28, 2009 NovaGold Resources completed a feasibility study for its Donlin Creek project in Alaska, USA. The Donlin Creek project is owned equally by NovaGold and Barrick Gold U.S. and operated by Donlin Creek LLC, a jointly owned limited liability company. The Donlin Creek mine, once built, is expected to be one of only a handful of gold mines worldwide that is capable of producing over one million ounces of gold annually. The mine has twenty-one-year life of mine at 53,500 tonnes per day throughput. In the first five years of production, an average of 1.6 million ounces of annual gold production is anticpated with total cash costs of $394/oz gold. At current $900/oz gold, pretax net cash flow is $5.9-billion and net present value of cumulative cash flow (NPV, 5% discount rate) is $1.5-billion with
an IRR of 9.4%. News ReleasesMonday, February 23, 2009 Friday, February 13, 2009 Map Legend: Producer Past Producer  Development  Exploration |
