Novagold and Paulson Advance Donlin Gold Study With Key Engineering Contracts

Novagold Resources New ( (TSE:NG) ) just unveiled an update.

Novagold Resources and Paulson’s Donlin Gold Holdings have awarded key engineering contracts to WSP, Worley, and Hatch to advance critical infrastructure and processing units for the Donlin Gold project’s updated bankable feasibility study. Fluor Corporation remains the lead engineering firm, coordinating these specialized workstreams into a unified execution framework aimed at optimizing schedule, risk management, and cost accuracy.

WSP will design a dual-fired, approximately 215 MW on-site power plant to supply energy to the proposed open-pit mine, processing facilities, and supporting infrastructure. Worley will engineer a 316-mile buried natural gas pipeline from Cook Inlet to the mine site, expected to provide lower-cost, lower-emission power for the project’s electrification.

Hatch has been tasked with designing the pressure oxidation circuit and on-site oxygen plant, critical for processing refractory, sulfide-hosted gold ore prior to conventional recovery. By assembling a world-class group of engineering firms, Novagold and Paulson aim to strengthen Donlin Gold’s technical foundation, supporting its progression toward development as a major U.S. gold mine and reinforcing its strategic positioning within the gold sector.

The most recent analyst rating on (TSE:NG) stock is a Hold with a C$16.00 price target. To see the full list of analyst forecasts on Novagold Resources New stock, see the TSE:NG Stock Forecast page.

Spark’s Take on TSE:NG Stock

According to Spark, TipRanks’ AI Analyst, TSE:NG is a Neutral.

The score is held back primarily by weak financial performance (no revenue, recurring losses, and cash burn with reliance on financing). This is partly offset by strong technical momentum and a constructive earnings-call outlook centered on Donlin progress and improved strategic positioning, though near-term funding and permitting risks remain significant. Valuation is less supportive due to ongoing losses and no dividend.

To see Spark’s full report on TSE:NG stock, click here.

More about Novagold Resources New

Novagold Resources Inc. is a precious metals development company focused on advancing the Donlin Gold project in remote Alaska, which is expected to become one of the largest single gold mines in the U.S. The project, held in partnership with Paulson-owned Donlin Gold Holdings, targets large-scale, long-life gold production with significant exploration potential beyond its already defined mineral resources.

Average Trading Volume: 652,110

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$6.96B

For a thorough assessment of NG stock, go to TipRanks’ Stock Analysis page.