Notable Quotes
"RV has multiple catalysts from a diversified asset base." (2/3/12) Revolution Resources Corp. - The Gold Report Interview with Joe Mazumdar More >
"SVL moved up to number 2 on our Top 10 List with a potential game changer at La Joya." (2/1/12) SilverCrest Mines Inc. - Greg McCoach, Mining Speculator More >
"HRE's stock has doubled over the past month." (1/31/12) Stans Energy Corp. - The Critical Metals Report Interview with Byron King More >
"Updated resource calculations for BGM's Bonanza Ledge, Cariboo Quartz and B.C. vein zone could be a positive." (1/30/12) Barkerville Gold Mines Ltd. - The Gold Report Interview with Matthew Zylstra More >
"I love the geology and mineralogy at UCU's Bokan Mountain." (1/31/12) Ucore Rare Metals Inc. - The Critical Metals Report Interview with Byron King More >
"Mineable ounces increased 15% at SSP's Toroparu, capex decreased." (1/31/12) Sandspring Resources Ltd. - Jamie Spratt, Clarus Securities More >
"CMA has the potential to really expand the current resource." (1/30/12) Cream Minerals Ltd. - The Gold Report Interview with Matthew Zylstra More >
"GCU intercepted 50m of 7.73 g/t gold at the Portage zone." (1/27/12) Gold Canyon Resources Inc. - Morning Coffee More >
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Experts Commenting on This Company
- Imaru Casanova
- Catherine Gignac
- Doug Groh
- Chen Lin
- Paolo Lostritto
- Brien Lundin
- Charles Oliver
- Lawrence Roulston
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NovaGold Resources Inc.TICKER: NG:TSX; NG:NYSE.A
NovaGold engages in the exploration and development of mineral properties in North America. The company is advancing its two core properties, Donlin Creek and Galore Creek, with the objective to become a low-cost, million-ounce-a-year gold producer. NovaGold's business model is to identify high-quality assets and make strategic, timely acquisitions; expand existing deposits; advance projects to feasibility level to increase reserves and value for shareholders; and create strong partnerships with well-respected senior producers to advance projects to production.
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The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Expert Analysis
Lawrence Roulston, Resource Opportunities (12/21/11) "The second update to NovaGold Resources Inc.'s Donlin Gold feasibility study was recently completed, incorporating enhancements that improve the project economics. The partners now intend to generate power onsite with natural gas, which would be brought to site through a pipeline. The study anticipates that the gas would be imported as liquefied natural gas. There is potential to produce gas from within Alaska, including sources near the proposed pipeline. The study incorporates 2P resources of 33.8 Moz and would produce 1.46 Moz annually for the first five years at a cash cost of $409/oz. . .beyond the 2P reserves, the project has a further 11 Moz of resources and tremendous exploration potential along a trend with demonstrated potential."
Brien Lundin, Gold Newsletter (Jefferson Financial) (12/15/11) "NovaGold Resources Inc.'s new feasibility study projects that its Donlin gold project could produce 1.5 Moz/year gold in its first five years and do so at a cash cost of just $409/oz; over the mine's projected 27-year mine life, annual gold production would average 1.1 Moz and cash costs would average $585/oz. Plus consider this staggering fact: The 2P mineral reserves at Donlin stand at 33.8 Moz and yet, those reserves cover only 3 km of a mineralized corridor that spans fully 8 km. . . based on the positive nature of this study, the company predicts that permitting will begin in early 2012."
Paolo Lostritto, National Bank Financial (12/14/11) "NovaGold Resources Inc.'s additional positive drill results from the Bornite deposit along with the discovery of a new area of mineralization, South Reef, continue to point towards the district scale potential of the Ambler project; the aim of the drill program was to confirm historic drill results and conduct step-out drilling on other targets. Grade and intervals continue to be positive. . .a resource estimate from the Bornite Deposit is expected in H112. This should have a positive impact on the potential valuation of the spin-out NovaCopper, which is expected to contain the Ambler Assets."
The Gold Report Interview with Chen Lin (12/2/11) "NovaGold has a new CEO and plans to sell this Galore Creek deposit. . .it looks like the company has found a deposit and needs to drill more. So, you probably need a little bit more patience to see how it develops, probably into next year. . .NovaGold wants to spin copper projects off and potentially the name could be NovaCopper. We'll have to see what kind of deal it has and what direction that property goes." More >
Morning Coffee (11/17/11) "Divide and conquer: Shares of NovaGold Resources Inc. jumped after the company announced a new CEO along with major changes in the company's corporate structure; as part of the changes, the company announced that Gregory A. Lang will become its new president and CEO, effective January 2012. Former CEO Rick Van Nieuwenhuyse will step down from his current post and become the CEO of a newly formed subsidiary NovaCopper. . .in addition to the NovaCopper spin-out, the board of NovaGold reiterated its objective to unlock the value of NovaGold's copper assets in order to focus on the company's flagship Donlin gold project."
(3/29/11) CEO Rick Van Nieuwenhuyse on Mad Money |
(3/24/11) NG: Advancing Big Projects |
(2/1/11) NovaGold President Talks About Donlin and Galore Creek Gold Deposits |
 (2/12/11) Weekend Show |