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NovaGold Resources Inc.
Nova Gold Overview
NovaGold Resources Inc. (AMEX, TSX: NG) NG has one of the largest resource bases of any exploration or development stage precious metals company. NG is advancingthree of North America's largest undeveloped gold and copper deposits: the Galore Creek gold-silver-copper project, the Donlin Creek gold project in partnership with Placer Dome, the Ambler project in partnership with Rio Tinto, as well as the Company's Nome Operations including: Rock Creek, Big Hurrah and Nome Gold.
NG is listed on the AMEX, and is one of the few multi-project, junior resource companies trading on domestic exchanges. With the combination of achieving near term producer status on its first mine in Nome, Alaska and advancing two additional world class gold and copper deposits through development, significantly differentiates NG from other natural resource companies. NG also has an attractive asset and risk profile compared to other natural resource companies, with all of its projects concentrated in resource development friendly jurisdictions in politically stable North America. In addition, with its most recent equity offering, NG may have sufficient cash to take all three of its most advanced projects to Feasibility. NG has no domestic research coverage and remains relatively undiscovered.
Investors prospecting for solid undiscovered small-cap ideas may find this emerging natural resource producer to have good near and long term investment potential for a reasonable level of risk. The management team’s story is that of bright and experienced entrepreneurs that left positions in larger established natural resource companies. Assembling a number of high potential properties at the bottom of the market, and applying their exploration and development expertise, management has transformed NG into an attractive, multi-project, junior resource company now approaching initial production with an exciting growth profile.
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NovaGold and Teck Committed to Advance Galore Creek
Thursday, January 17, 2008 - 15:00NovaGold and Teck have selected a new management team to advance Galore Creek. Teck has committed an additional $140 million to complete its earn in to 50%.We believe that this demonstrates that both companies place value on the opportunity and are aligned in their focus to advance the Galore Creek project as quickly as possible. See full report.
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NovaGold Regrouping at Galore
Sunday, December 23, 2007 - 00:00NovaGold Resources Inc. (AMEX: NG) and Teck Cominco Ltd. (NYSE: TCK) placed the Galore Creek project in British Columbia on hold until construction costs are brought into balance with conservative long-term copper metal price assumptions. NovaGold’s share price closed down about 50% on the announcement. See full report.
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NovaGold Reports Exceptional Drill Results at Donlin Creek
Wednesday, December 19, 2007 - 08:39NovaGold Resources Inc. (AMEX: NG) reported drill results at Donlin Creek that we believe could be some of the most exceptionaldrill results of any mining company in 2007. The release represents the results of 156,000 meters of drilling completed over nearly two full years.See full report.
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NovaGold's Rock Creek Mine Approaches Production
Sunday, October 14, 2007 - 11:16We recently visited NovaGold’s Rock Creek Project in Nome, Alaska. While the anticipated production of 100,000 to 125,000 is dwarfed by the Company’s Galore Creek Projects, the Nome Gold District is very impressive. Approximately 10 million ounces of gold have been extracted from the beaches of Nome and placers across the Seward Peninsula since 1900. Rock Creek is the second hard rock mine (Big Hurrah being the first) in the area. See full report.
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NovaGold's Rock Creek Mine Approaches Production
Monday, October 1, 2007 - 23:00We recently visited NovaGold’s Rock Creek Project in Nome, Alaska. While the anticipated production of 100,000 to 125,000 is dwarfed by the Company’s Galore Creek Projects, the Nome Gold District is very impressive. Approximately 10 million ounces of gold have been extracted from the beaches of Nome and placers across the Seward Peninsula since 1900. Rock Creek is the second hard rock mine (Big Hurrah being the first) in the area. See full report.
