NOVAGOLD Resources Inc.

NOVAGOLD is a well-financed precious metals company engaged in the exploration and development of mineral properties in North America. The company is focused on permitting and developing its 50%-owned flagship property, Donlin Gold, one of the world's largest known undeveloped gold deposits. The Donlin Gold project commenced permitting in 2012, a clearly defined process expected to take approximately five years. NOVAGOLD is also committed to maximizing value of its non-core assets and is currently exploring opportunities to sell its interest in the Galore Creek copper-gold-silver project in British Columbia, Canada.

Expert Comments:

The final environmental report from the U.S. Army Corps of Engineers is expected to be delivered in 2018.
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Zacks Equity Research (6/26/17)
"NOVAGOLD Resources Inc. and its partner Barrick Gold said that Donlin Gold has approved a drill program geared to further optimize the Donlin gold project in Alaska. . .NOVAGOLD and Barrick came to the conclusion that the potential exists to enhance the project economics through a more cost effective project execution plan that could considerably minimize upfront capital. To support this, the companies have approved an $8M budget for a drill program to collect geologic and geotechnical data in 2017." -Zacks Equity Research

Jefferson Research (5/19/17)
"NOVAGOLD Resources Ltd. is showing strong earnings quality, balance sheet quality and operating efficiency, and valuation suggests a lower amount of price risk. . .when combined, the company deserves a Buy rating."

Jefferson Research (4/21/17)
"NOVAGOLD Resources Inc. is showing strong earnings quality, balance sheet quality and operating efficiency, and valuation suggests a lower amount of price risk. . .when combined, the company deserves a Buy rating. . .the earnings quality for NOVAGOLD remains the strongest."

Raj Ray, National Bank of Canada (4/4/17)
"Permitting activities for NOVAGOLD Resources Inc.'s Donlin gold project (50% NOVAGOLD, 50% Barrick) in Alaska continue to move forward. . .the company continues to maintain a strong financial position with cash and term deposits of $98M at the end of Q1 FY17 ($105M at the end of Q4 FY16), which we believe is sufficient to complete permitting of Donlin gold."

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Experts Following This Company

Raj Ray, Vice President, Equity Research, Metals & Mining – Desjardins Securities

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Investing Highlights
High-grade deposits with excellent production profiles and exploration upside
Safest leverage to gold, assets located in top-rated mining jurisdictions
Supportive, loyal and engaged stakeholders