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Feb 29, 2024
Novagold Q1 2024 Earnings Report
Reported first quarter financial results and provided an update on the Donlin Gold project.
Key Takeaways
NOVAGOLD reported its first quarter 2024 financial results, highlighting a strong treasury of $118 million in cash and term deposits. The company is focused on advancing the Donlin Gold project, engaging with local communities, and maintaining permits.
Advanced Donlin Gold project development work, including resource modeling and metallurgical test work.
Conducted extensive outreach efforts in Alaska and Washington D.C. to support community engagement and permitting.
Finalized another Shared Values Statement, bringing the total to 16, underscoring commitment to continuous engagement with local communities.
Prioritized community and social responsibility through initiatives focused on education, wellness, cultural preservation, and environmental stewardship.
Novagold
Novagold
Forward Guidance
NOVAGOLD's primary goals in 2024 include advancing the Donlin Gold project, maintaining stakeholder support, promoting a strong safety culture, preserving a favorable reputation, and maintaining a healthy balance sheet.
Positive Outlook
- Continuing to advance the Donlin Gold project toward a construction decision.
- Maintaining support for Donlin Gold among the project’s stakeholders.
- Promoting a strong safety, sustainability, and environmental culture.
- Maintaining a favorable reputation of NOVAGOLD.
- Preserving a healthy balance sheet.