Significant Progress in Donlin Gold Project
NovaGold's chairman, Dr. Thomas Kaplan, announced that the company is on the path to building the largest single gold mine in the United States, with strategic partnerships and funding opportunities. The project is expected to begin construction in 2027 with production targeted for 2030.
Successful Drill Program Completion
The company completed an 18,000+ meter drill program with high-grade intervals up to 23 grams per ton, indicating potential upside in the Donlin ore bodies.
Strong Institutional Shareholder Support
Over 60% of NovaGold shares are held by top institutional investors, indicating strong support and confidence in the company's future prospects.