Novagold Q4 2022 Earnings Report
Key Takeaways
NOVAGOLD released its 2022 fiscal year financial results, highlighting the successful 2022 drill program at Donlin Gold and a healthy treasury of $126 million in cash and term deposits.
The 2022 drill program at Donlin Gold delivered excellent results, supporting next steps for the project.
NOVAGOLD has a healthy treasury of $126 million in cash and term deposits, with $25 million of receivables expected in 2023.
Donlin Gold achieved zero Lost-Time-Incidents in 2022, demonstrating a commitment to health and safety.
Continued engagement with local communities and Alaska Native Corporation partners is a priority.
Novagold
Novagold
Forward Guidance
NOVAGOLD anticipates spending approximately $31 million in 2023, with a focus on advancing the Donlin Gold project toward a construction decision.
Positive Outlook
- Continue to advance the Donlin Gold project toward a construction decision.
- Maintain or increase support for Donlin Gold among the project’s stakeholders.
- Promote a strong safety, sustainability, and environmental culture.
- Maintain a peer-leading reputation for NOVAGOLD, its governance practices and its project among shareholders.
- Manage the Company’s treasury effectively and efficiently.