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Novagold Resources Inc  (NG)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials
 
Price: $2.3600 $-0.04 -1.667%
Day's High: $2.38 Week Perf: -1.26 %
Day's Low: $ 2.31 30 Day Perf: -20.54 %
Volume (M): 1,883 52 Wk High: $ 6.68
Volume (M$): $ 4,444 52 Wk Avg: $4.34
Open: $2.38 52 Wk Low: $2.23



 Market Capitalization (Millions $) 8,676
 Shares Outstanding (Millions) 3,676
 Employees 13
 Revenues (TTM) (Millions $) 43,318
 Net Income (TTM) (Millions $) 7,776
 Cash Flow (TTM) (Millions $) 18
 Capital Exp. (TTM) (Millions $) 18,975

Novagold Resources Inc

We operate in the gold mining industry, primarily focused on advancing permitting of the Donlin Gold project in Alaska. The Donlin Gold project is held by Donlin Gold LLC (“Donlin Gold”), a limited liability company owned equally by wholly-owned subsidiaries of NOVAGOLD and Barrick Gold Corporation (“Barrick”). We are also committed to maximizing the value of our interest in the Galore Creek copper-gold-silver project in British Columbia, Canada. The Galore Creek project is held by a partnership owned equally by NOVAGOLD Canada Inc., a wholly-owned subsidiary of NOVAGOLD, and by Teck Resources Limited (“Teck”). We continue to explore opportunities to sell, in whole or in part, our interest in the Galore Creek project.

We do not produce gold or any other minerals, and do not currently generate operating earnings. Funding to explore our mineral properties and to operate the Company was acquired primarily through previous equity financings consisting of public offerings of our common shares and warrants and through debt financing consisting of convertible notes. We expect to continue to raise capital through additional equity and/or debt financings, through the exercise of stock options, and otherwise.

We were incorporated by memorandum of association on December 5, 1984, under the Companies Act (Nova Scotia) as 1562756 Nova Scotia Limited. On January 14, 1985, we changed our name to NovaCan Mining Resources (l985) Limited and on March 20, 1987, we changed our name to NOVAGOLD RESOURCES INC. On May 29, 2013, our shareholders approved the continuance of the corporation into British Columbia. Subsequently, we filed the necessary documents in Nova Scotia and British Columbia and we continued under the Business Corporations Act (British Columbia) effective as of June 10, 2013.

Permitting activities continued at Donlin Gold in 2016 and were mainly focused on providing the U.S. Army Corps of Engineers (the “Corps”), the lead agency for the Donlin Gold Environmental Impact Statement (EIS), with requested input and information as the Corps conducted and completed a six-month public comment period for the draft EIS, including 17 public comment meetings in communities across the Yukon-Kuskokwim (Y-K) region and in Anchorage, Alaska. The EIS is required by the National Environmental Policy Act (NEPA), the act that governs the process by which most major projects in the United States are evaluated. The EIS is also, in large part, a determining factor in the overall permitting timeline which commenced in 2012 for Donlin Gold.



   Company Address: 201 South Main Street, Suite 400 Salt Lake City 84111 UT
   Company Phone Number: 639-0511   Stock Exchange / Ticker: NYSE NG
   NG is expected to report next financial results on June 05, 2024.


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CDE   -2.67%    
ELRE   -2.67%    
FCX   -0.29%    
RGLD   -2.47%    
TLRS   -19.52%    
VRDR        17.62% 
• View Complete Report
   



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