North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

By Shane Lasley
Mining News 

NovaGold capital requirements top US$6B

Gas pipeline pushes anticipated Donlin capital costs to US$7B; NovaGold considers copper company to gain value from Galore, Ambler


September 25, 2011

Preliminary estimates released by NovaGold Resources Inc. in early September plants an anticipated US$7 billion price tag on building the facilities needed to mine the 38-million-ounce Donlin Creek gold deposit. That is about US$2.5 billion more than was calculated for a feasibility study completed in 2009.

Though the preliminary capital costs seem staggering, both NovaGold and its equal partn...

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