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:

"NOVAGOLD is in a unique position in that it has a 50% interest in a huge gold deposit in the Donlin Gold project, located in Alaska, that offers investors not just a sizable resource but a favorable jurisdiction where a mining company can operate. Alaska is resource-development friendly. NOVAGOLD's management has been very pragmatic and studious in their development of Donlin. I think it's going to offer investors a very good return over the long term. We're very much on board with its plans and activities as it goes through the process of permitting and developing Donlin. NOVAGOLD is going through the permitting process for the Donlin Gold project in a very methodical way, while also making sure the community is informed and involved in the project. The U.S. Army Corps of Engineers is overseeing the process for the Environmental Impact Statement and is now reviewing the comments from the public comment period. Various permits are also being advanced with state and federal agencies—such as water discharge, wetlands, air quality, water use and fish habitat permits and other approvals that will give them right-of-way access. Meanwhile, NOVAGOLD has been very engaged in community outreach among local stakeholders. The work and benefit from that effort cannot be underestimated. NOVAGOLD has made it a priority, and rightly so, to involve the local community from early on in the project. That's a good thing for investors waiting to realize the tremendous value that resides in the Donlin Gold resource with its 39 million ounces. And while most of management's effort to realize value is focused on the Donlin Gold project, it appears to us that investors have totally discounted NOVAGOLD’S 50% interest in Galore Creek, which could someday be one of Canada's largest and lowest-cost copper mines." read more >

NOVAGOLD's third quarter financial results show a balance sheet that should be sufficient to complete permitting of the Donlin Gold project in Alaska, according to National Bank Financial.
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Raj Ray, National Bank Financial (10/4/16)
"Permitting for NovaGold Resources Inc.'s Donlin Gold continues as EIS advances; NG announced its fiscal Q3/16 (quarter-ended Aug. 31st) results. Permitting activities for its Donlin Gold project (50% NG, 50% Barrick) in Alaska continue to move forward with the completion of the comment period on the draft environmental impact statement at the end of August 2016. . .NG continues to maintain a strong financial position with cash and term deposits of ~US$108.5M at the end of fiscal Q3/16 (US$112M in Q2/166."

Jonathan Ratner, Financial Post (9/27/16)
"NovaGold Resources Inc. was upgraded to overweight from neutral at J.P. Morgan in anticipation of the Vancouver-based miner receiving permits for its 50 per cent-owned Donlin Gold project next year; analyst John Bridges told clients that with project partner Barrick Gold Corp.'s production trending downward, it will be motivated to push ahead. . .'This should position NovaGold as the 50 per cent owner of one of the few large gold projects,' Bridges said in a research note."

Raj Ray, National Bank Financial (6/28/16)
"Permitting activities for NOVAGOLD's Donlin Gold project in Alaska continue to move forward. . .the company continues to maintain a strong financial position with cash and term deposits of ~US$112M at the end of fiscal Q2/16, expected to be more than sufficient to complete permitting of Donlin Gold. The strong cash balance also provides optionality protection over the next few years. . .We are maintaining a Sector Perform rating and target price of Cdn$8.00."

Jefferson Research (4/1/16)
"NOVAGOLD is showing strong earnings quality, operating efficiency and balance sheet quality, and valuation suggests a lower amount of price risk. . .the company's stock deserves a Buy rating. . .the primary reason the overall rating improved during the last quarter was an improvement in the balance sheet rating due to strengthening receivable and inventory positions. Another factor in the upgraded overall rating was an improved operating efficiency rating."

John Bridges, J.P. Morgan (2/28/16)
"Investors in NOVAGOLD should be well positioned to derive a lot of value from the successful and timely development of Donlin Gold."

More Expert Comments

Experts Following This Company

John Bridges, Analyst – J.P. Morgan
Marc Davis, Editor – Business News Wire
Adrian Day, Founder – Adrian Day Asset Management
Doug Groh, Senior Research Analyst – Tocqueville Asset Management L.P.
John Hathaway, Senior Managing Director – Tocqueville Asset Management L.P.
Brad Mills, Fund Manager/CEO – Plinian Capital
Bob Moriarty, Author 321 Gold
Raj Ray, Analyst – National Bank of Canada
Philip Richards, Fund Manager – RAB Capital Limited

The information provided above is from analysts, newsletters, the company and other contributors.

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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