other material
confidence high
sentiment positive
materiality 0.70
NOVAGOLD FY2022 cash $126M, Donlin Gold drill program yields high-grade results
NOVAGOLD RESOURCES INC
- Cash and term deposits $126M at Nov 30, 2022; additional $25M due from Newmont in July 2023.
- 2022 drill program completed (141 holes, 42,331m) ahead of schedule; returned intercepts like 17.20m at 11.11 g/t Au.
- Crooked Creek formally expressed support; 12 Shared Value Statements signed with Y-K villages.
- Application for new air quality permit; ADEC draft permit issued for public comment in Dec 2022.
- Company expects sufficient funds to advance Donlin Gold through updated feasibility study.