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

Novagold can afford patience at Donlin

North of 60 Mining News – October 5, 2018

 

Last updated 9/25/2020 at 6:45am

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.

The...



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