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NOVAGOLD RESOURCES INC. (NG) news centers on the company’s efforts to advance the Donlin Gold project in Alaska, a large development-stage open-pit gold deposit held through Donlin Gold LLC. News releases and related SEC Form 8‑K filings highlight technical progress, permitting developments, ownership changes, and corporate updates that shape the project’s path toward a potential Bankable Feasibility Study.
Investors following NG news will see regular updates on drill programs at Donlin Gold, including reports of high-grade gold intercepts, grid drilling for mine planning, in-pit exploration drilling for resource conversion, and geotechnical drilling to support pit design and infrastructure such as access roads. These results are often tied to the company’s stated goal of strengthening the resource model and providing data for engineering and mine planning.
News flow also covers major corporate milestones, such as NOVAGOLD and funds managed by Paulson Advisers LLC acquiring Barrick Mining’s former interest in Donlin Gold, which resulted in NOVAGOLD holding 60% and Paulson 40% of Donlin Gold LLC. Other announcements include board changes, amendments to the company’s code of business conduct and ethics, and the appointment of a Project Director to Donlin Gold LLC to oversee project planning and execution strategy.
Another key theme in NOVAGOLD news is permitting and infrastructure. Releases describe Donlin Gold’s acceptance into the FAST‑41 federal permitting program, court decisions upholding key state permits, and a non-binding Letter of Intent between Donlin Gold and Glenfarne Alaska LNG, LLC for potential natural gas supply and related infrastructure for the proposed mine. For readers tracking NG, this news page offers a consolidated view of operational, technical, legal, and governance developments affecting the Donlin Gold project and NOVAGOLD’s role in it.
NOVAGOLD Resources (NYSE American, TSX: NG) has announced the pricing of its upsized public offering of 47,850,000 common shares at $3.75 per share, expecting to raise gross proceeds of approximately $179.4 million. The underwriters have a 30-day option to purchase up to 7,177,500 additional shares.
Concurrent with the public offering, NOVAGOLD plans a private placement of 17,173,853 common shares to major shareholders at the same price. The proceeds will fund the acquisition of an additional 10% ownership interest in Donlin Gold LLC and update the feasibility study.
The offering is led by joint book-running managers including Citigroup, RBC Capital Markets, BMO Capital Markets, and Canaccord Genuity, with National Bank of Canada Financial Markets, Scotiabank, and Morgan Stanley also participating.
NOVAGOLD Resources (NYSE American, TSX: NG) has announced a proposed public offering of up to 43.5 million common shares, with an additional 30-day option for underwriters to purchase up to 6.525 million shares. Alongside this, the company plans a private placement of shares to major shareholders at the public offering price.
The proceeds will primarily fund NOVAGOLD's acquisition of an additional 10% ownership interest in Donlin Gold LLC, with remaining funds allocated to general corporate purposes, including updating the feasibility study. Citigroup, RBC Capital Markets, and BMO Capital Markets are serving as joint book-running managers for the public offering.
NOVAGOLD has announced its 2025 Virtual Annual Meeting of Shareholders, scheduled for May 15, 2025, at 1:00 p.m. PDT. The meeting will cover key agenda items including:
- Election of Directors
- Appointment of external auditors
- Non-binding advisory vote on executive compensation
Following the main meeting, Chairman Dr. Thomas Kaplan and CEO Greg Lang will present NOVAGOLD's 2024 achievements and discuss their recent transaction to acquire Barrick Gold's 50% interest in Donlin Gold with partner Paulson Advisers LLC. The meeting will be held entirely virtually, allowing shareholders to participate from any location with internet connectivity. Shareholders can vote by proxy, join the virtual meeting, and submit questions either during the webcast or in advance via email. The company has partnered with Kingsdale Advisors to assist shareholders with the virtual meeting process.
NOVAGOLD (NYSE American, TSX: NG) and Paulson Advisers have announced a $1 billion transaction to acquire Barrick's 50% interest in the Donlin Gold project in Alaska. Under the agreement, NOVAGOLD will increase its ownership from 50% to 60% for $200 million, while Paulson will acquire a 40% stake for $800 million.
The transaction, expected to close in Q2/Q3 2025, includes funding commitments of $170 million from Paulson, The Electrum Group, and Kopernik Global Investors at $3.00 per share, plus warrants. The remaining $30 million will come from NOVAGOLD's treasury.
The Donlin Gold project contains approximately 39 million ounces of gold in Measured and Indicated Mineral Resources, with a grade of 2.24 grams per tonne. Post-closing initiatives include updating the Feasibility Study, shifting focus to reserves and resources conversion, advancing technical work, and maintaining permits.
NOVAGOLD (NYSE American, TSX: NG) has released its 2025 first quarter report, highlighting key developments at its Donlin Gold project. The company reported a treasury position of $93 million in cash and term deposits as of February 28, 2025, with net quarterly cash expenditures of $8.3 million. First quarter earnings showed a loss of $9.1 million ($0.03 per share).
The company has commenced its 2025 field program with approximately 15,000 meters of planned drilling, focusing on grid drilling to develop modifying factors and mine planning parameters. The program involves three rigs and a crew of 45, with 70% being local hires.
The Donlin Gold project, jointly owned with Barrick Gold , contains approximately 39 million ounces of gold in Measured and Indicated Resources at a grade of 2.24 grams per tonne. For fiscal year 2025, NOVAGOLD has budgeted cash expenditures of $37.5 million, including $21.5 million for the Donlin Gold project and $16 million for corporate administrative costs.
NOVAGOLD RESOURCES (NYSE American, TSX: NG) has announced it will release its 2025 first quarter financial report on April 1, 2025, before market open. The company will host a conference call and video webcast at 8:00 am PT (11:00 am ET) on the same day.
During the webcast, CEO Greg Lang and CFO Peter Adamek will present the quarterly results and provide an update on the Donlin Gold project. Stakeholders can submit questions in advance to info@novagold.com or during the live Q&A session. The webcast will be archived on NOVAGOLD's website for one year.
NOVAGOLD has filed its 2024 fiscal year-end report, highlighting a strong treasury position of $101 million in cash and term deposits as of November 30, 2024. The company reported net annual cash expenditures of $24.5 million and earnings of ($45.6) million with ($0.14) per share.
Key achievements in 2024 included substantial completion of metallurgical test work at a pilot plant in Ontario, advancement of an updated resource model, and submission of preliminary design packages for Dam Safety Certification. The Donlin Gold project, jointly owned with Barrick Gold , has approved a $43 million budget (100% basis) for 2025 focusing on camp operations, mine planning, geotechnical engineering, and community relations.
The project boasts over 39 million ounces of gold in Measured and Indicated Resources with a grade of 2.24 grams per tonne, representing twice the industry average. For 2025, NOVAGOLD anticipates expenditures of approximately $37.5 million, including $21.5 million for Donlin Gold and $16.0 million for corporate costs.
NOVAGOLD RESOURCES (NYSE American, TSX: NG) has announced its upcoming 2024 year-end financial report release and conference call schedule. The company will release its annual report before market open on January 23, 2025, followed by a conference call and video webcast at 8:00 am PT (11:00 am ET).
During the webcast, Greg Lang, President and CEO, and Peter Adamek, VP and CFO, will present the company's financial results and provide updates on the Donlin Gold project. Investors can submit questions in advance to info@novagold.com or during the live Q&A session.
The presentation will be accessible via webcast at www.novagold.com/investors/events or by phone (North American: 1-844-763-8274; International: 1-647-484-8814). The webcast recording will remain available on NOVAGOLD's website for one year, and transcripts can be accessed through their presentations page.
NOVAGOLD reported its Q3 2024 financial results and provided an update on the Donlin Gold project. Key highlights include:
1. Advancement of metallurgical test work and resource modeling for Donlin Gold.
2. Submission of Dam Safety Certification preliminary design packages to Alaska authorities.
3. Continued community engagement and environmental initiatives in the Yukon-Kuskokwim region.
4. Appointment of Peter Adamek as new VP and CFO.
5. Strong financial position with $105.6 million in cash and term deposits as of August 31, 2024.
The company remains focused on progressing Donlin Gold through development phases responsibly and effectively. NOVAGOLD emphasizes the project's potential as a Tier One gold development asset in a secure jurisdiction, with approximately 39 million ounces of gold in Measured and Indicated Mineral Resources.