NOVAGOLD reports strong financials and progress on Donlin Gold project development

From GlobeNewswire: 2024-10-02 17:05:00

NOVAGOLD reported a strong treasury of approximately $106 million in cash and term deposits in their 2024 third quarter financial results. The company provided an update on its Donlin Gold project, including milestones achieved and ongoing activities, emphasizing community involvement and government engagement to sustain the project’s social license.

During the third quarter of 2024, NOVAGOLD focused on finalizing key project activities to advance the Donlin Gold project development. This included advancing metallurgical test work, updating resource modeling, and progressing the Dam Safety Certification. The company remains committed to financial prudence, engineering excellence, and environmental responsibility to drive the project forward.

Donlin Gold LLC has been actively engaging with stakeholders and governments to enhance the project’s social license. The company, in collaboration with Calista and TKC, has made significant strides in local community and government engagement in Alaska and Washington, D.C. This ongoing engagement aims to strengthen relationships, build trust, and uphold transparent partnerships for the project’s development.

NOVAGOLD and Donlin Gold have sustained support and participation in local community and environmental initiatives throughout the Y-K region. The company has been involved in various activities, including fisheries studies, environmental projects, subsistence efforts, and cultural preservation initiatives. Collaborating with Calista and TKC, NOVAGOLD continues to prioritize community wellness and environmental stewardship in the region.



Read more at GlobeNewswire:: NOVAGOLD Reports Third Quarter 2024 Financial Results