December 8, 2010
NovaGold is a precious metals company engaged in the exploration and development of mineral properties in North America. NovaGold is focused on advancing its two core properties, Donlin Creek and Galore Creek, with the objective of becoming a low-cost million-ounce-a-year gold producer. When Donlin Creek is in production, NovaGold’s share of production for the first five years is estimated at 800,000 ounces of gold annually, with cash costs in the lower half of the industry. Galore Creek will add additional gold, copper and silver to NovaGold’s annual production.
NovaGold’s management team brings decades of experience in all aspects of exploration, development, finance and project management. Rick Van Nieuwenhuyse, President & CEO, founded NovaGold in 1998 with the objective of creating a mid-tier gold-producing company. NovaGold’s business model focuses on four main steps: Identifying high-quality assets and making strategic, timely acquisitions; using exploration expertise to expand existing deposits; advancing the projects to a feasibility level to bring reserves to the Company and value to shareholders; and creating strong partnerships with well-respected senior producers to advance the projects to production. By systematically executing this four-step business model, NovaGold has three world-class assets in its portfolio, two of which are advancing toward production with senior partnerships in place, and one that provides an exciting exploration opportunity for NovaGold’s team.
With the diversification of three separate multi-million-ounce quality projects at different stages in the production pipeline, NovaGold has one of the strongest production growth profiles in the sector. NovaGold is unhedged and committed to operating to the highest environmental standards at all of its projects. Using industry best practices, we work closely with our local Alaskan Native and First Nations partners to develop projects that provide long-term benefits to those communities, including direct employment and opportunities to build new support-service businesses.
Stock Symbol: NG (AMEX)