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NovaGold Resources Inc.
As of May 30, 2026 at 24:05 UTC
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About NovaGold Resources Inc.
Novagold Resources Inc operates in the gold mining industry, focused on advancing 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). The company includes exploration and development activities of gold and other precious metals.
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Latest News
5 articlesNOVAGOLD Resources will release its Q1 2026 financial results on April 1, 2026, followed by a conference call. The company, along with Donlin Gold Holdings, has awarded engineering contracts to WSP, Worley, and Hatch for key infrastructure work on the Bankable Feasibility Study, and previously selected Fluor as the lead partner for the study.
NOVAGOLD and Paulson Advisers have awarded specialized engineering contracts to WSP, Worley, and Hatch for key components of the Donlin Gold project's Bankable Feasibility Study. WSP will design the 215 MW power plant, Worley will engineer the 316-mile natural gas pipeline, and Hatch will design the pressure oxidation circuit and oxygen plant. These contracts complement Fluor's role as lead engineering firm, with work expected to be completed in 2027.
NOVAGOLD announced the appointment of Frank Arcese as Project Director for Donlin Gold LLC, bringing over 40 years of global mining project leadership. Arcese will oversee project planning and execution strategy as the company advances toward launching a Bankable Feasibility Study. The Donlin Gold project, located in Alaska and owned 60% by NOVAGOLD and 40% by Paulson Advisers, is one of the world's largest gold deposits with approximately 39 million ounces of gold.
NOVAGOLD Resources announced strong results from its 2025 Donlin Gold drill program, delivering high-grade gold intercepts across multiple zones with values up to 26.22 g/t. The company also received a positive decision from the Alaska Supreme Court. Management will discuss these developments and progress toward the Bankable Feasibility Study during a conference call on January 22, 2026.
Federal Reserve Chair Jerome Powell's comments about potential rate cuts have excited gold investors, with the metal staying strong above $3,300. The combination of potential easier monetary policy and geopolitical tensions is creating favorable conditions for gold mining stocks.