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The latest update is out from Novagold Resources New ( (TSE:NG) ).
Novagold Resources and Paulson’s Donlin Gold Holdings have chosen Fluor Corporation as the lead engineering partner for a bankable feasibility study on the Donlin Gold project in Alaska, targeting completion in 2027. Fluor will oversee integration of major work packages, including a power plant, natural gas pipeline, and processing infrastructure, as Donlin advances toward financing and potential construction of what is expected to be the largest single operating gold mine in the United States.
The partners are running a disciplined, execution-focused program that coordinates specialist contractors, value and cost optimization, and detailed engineering to produce an investment-grade study. In parallel, Novagold is building its owner’s project team and continuing site work such as geotechnical drilling and materials assessments along the planned port and access road, moves that collectively position the project for the next development phase once the feasibility study and financing are in place.
The most recent analyst rating on (TSE:NG) stock is a Buy with a C$24.00 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 fundamentals (no revenue, recurring losses, and ongoing cash burn with meaningful leverage). Offsetting this is a relatively positive earnings-call backdrop with clear project milestones and improved funding/partner support, while technicals are neutral-to-mildly supportive and valuation remains constrained by negative earnings 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 well-financed precious metals company focused on developing the Donlin Gold project in Alaska, a jurisdiction noted for mining stability. The project hosts roughly 40 million ounces of gold in measured and indicated resources and is considered one of the largest and highest-grade prospective open-pit gold deposits globally.
YTD Price Performance: -1.88%
Average Trading Volume: 556,785
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$5.5B
See more insights into NG stock on TipRanks’ Stock Analysis page.