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Nov 30, 2022
Novagold Q4 2022 Earnings Report
Released its 2022 fiscal year financial results and an update on Donlin Gold.
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.