NOVAGOLD Announces Third Quarter 2012 Financial Results and Permitting Progress at Donlin Gold
- Permitting at Donlin Gold Project Commenced with the Submission of the Plan of Operations and Permit Application Under the U.S. Clean Water Act
- Management Team Further Strengthened with Senior Industry Leaders to Advance Donlin Gold Through Permitting, Construction and Beyond
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 11, 2012) - NOVAGOLD RESOURCES INC. (TSX:NG)(NYSE MKT:NG)(NYSE Amex:NG) ("NOVAGOLD" or "the Company") today announced results for the third quarter ended August 31, 2012 along with an update on the advancement of its flagship 50%-owned Donlin Gold project ("Donlin Gold") in Alaska and its 50%-owned Galore Creek project ("Galore Creek") in British Columbia. The most significant milestone in the third quarter was the commencement of permitting at Donlin Gold with the submission of the Plan of Operations and Permit Application, under Section 404 of the U.S. Clean Water Act which was announced on August 7, 2012. Donlin Gold is owned equally by a wholly-owned subsidiary of NOVAGOLD and a wholly-owned subsidiary of Barrick Gold Corporation ("Barrick").
The Company also reported on the status of the divestiture of its Rock Creek property in Alaska. Details of the Company's financial results are described in the consolidated financial statements and Management's Discussion and Analysis ("MDA") which, together with further details on each of the Company's projects, including resource and reserve estimates, will be available on the Company's website at www.novagold.com, on SEDAR at www.sedar.com, and on EDGAR at www.sec.gov. All amounts are in Canadian dollars unless otherwise stated and all resource and reserve estimates are shown on a 100% project basis.
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NovaGold Resources Inc
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PRODUCER |
CODE : NG.TO |
ISIN : CA66987E2069 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
NovaGold Res. is a gold development stage company based in Canada. NovaGold Res. develops gold, copper and silver in Canada, and holds various exploration projects in Argentina and in Canada. Its main asset in production is ABO in Canada, its main assets in development are ROCK CREEK (NOME) and GALORE CREEK in Canada and its main exploration properties are SEVERANCE, GALORE CREEK - COPPER CANYON and SADDLE in Canada and DONLIN CREEK, AMBLER, BIG HURRAH and SAN ROQUE in Argentina. NovaGold Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.4 billions as of today (US$ 991.0 millions, € 929.7 millions). Its stock quote reached its lowest recent point on March 02, 2001 at CA$ 0.13, and its highest recent level on April 01, 2022 at CA$ 9.99. NovaGold Res. has 321 649 984 shares outstanding. |