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Novagold can afford patience at Donlin


Last updated 10/12/2018 at 4:38am

Donlin Gold mine project Kuskokwim Gold Belt Alaska

Novagold Resources Inc.

With the key federal and state permits in-hand and the balance expected by early 2019, Novagold and Barrick are focused on completing the optimization work ahead of a new feasibility study for the 39-million-ounce gold project in Alaska.

Novagold Resources Inc. Oct. 2 reported that it is well-funded to see the Donlin Gold project in Southwest Alaska to a construction decision but provided very few clues as to when to expect this decision on developing a mine at one of the world's largest gold deposits.

Novagold owns a 50 percent interest in the 39-million-ounce Donlin Gold project, Barrick Gold Corp. owns the other half.


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