---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-004754"
form_type: "8-K"
ticker: "NG"
cik: "0001173420"
company_name: "NOVAGOLD RESOURCES INC"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-12T23:48:50.220923+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NOVAGOLD receives $25M milestone payment from Newmont for Galore Creek sale

## Summary
- Received $25M from Newmont on July 27, 2023, as third payment under 2018 Galore Creek sale agreement.
- Total consideration from Newmont is up to $275M; previous payments: $100M at close, $75M in July 2021.
- NOVAGOLD treasury now exceeds ~$125M (incl. ~$109M cash & term deposits as of May 31, 2023).
- Funds strengthen balance sheet to advance 50%-owned Donlin Gold project in Alaska.

## SEC filing metadata
- accession: 0001171843-23-004754
- form_type: 8-K
- ticker: NG
- cik: 0001173420
- company_name: NOVAGOLD RESOURCES INC
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1173420/000117184323004754/0001171843-23-004754-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1173420/000117184323004754/f8k_072723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-004754
- JSON: https://secwatch.observer/filing/0001171843-23-004754.json
- Plain text: https://secwatch.observer/filing/0001171843-23-004754.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.