The mining newspaper for Alaska and Canada's North

All in the timing

Novagold pinches pennies through permitting; Donlin input costs drop

With roughly US$150 million of working capital, Novagold Resources Inc. is among a rare few non-producing mining companies that has no need to squeeze money out of a market reluctant to dole funds to the mining sector. This has allowed management to focus on the task at hand - moving the 39-million-ounce Donlin Gold project through permitting to a development decision.

"Our healthy financial posit...

 

Reader Comments(0)

 
 
Rendered 12/03/2024 11:44