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An announcement from Novagold Resources New ( (TSE:NG) ) is now available.
NOVAGOLD has appointed veteran mining executive Frank Arcese as Project Director of Donlin Gold LLC to lead the advancement of its flagship Donlin Gold project toward a bankable feasibility study and eventual development. Arcese, who brings more than 40 years of global experience managing large-scale mining and power projects in challenging and remote environments, will be responsible for project planning, execution strategy, organizational readiness, and aligning the project with NOVAGOLD’s long-term objectives, a move management describes as a key milestone in strengthening execution capabilities as Donlin advances toward a potential construction decision.
The most recent analyst rating on (TSE:NG) stock is a Hold with a C$13.00 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, widening losses, and continued cash burn), partially offset by a stronger TTM balance sheet and generally constructive project progress and permitting momentum. Technicals are neutral-to-mixed, and valuation support is limited due to ongoing losses and no dividend yield provided.
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, one of the world’s safest mining jurisdictions. The company holds a 60% interest in Donlin Gold, alongside partner Paulson Advisers, in a large, high‑grade open-pit gold deposit with approximately 39 million ounces in measured and indicated resources and expectations of producing over one million ounces of gold annually over a 27-year mine life once in production.
Average Trading Volume: 560,640
Technical Sentiment Signal: Buy
Current Market Cap: C$5.71B
For detailed information about NG stock, go to TipRanks’ Stock Analysis page.