| Type | Public |
|---|---|
| Industry | Gold exploration |
| Headquarters | Vancouver, British Columbia, Canada |
| Key people | Rick Van Nieuwenhuyse, Don MacDonald, Greg Johnson |
| Website | www.novagold.net |
NovaGold Resources Inc. (TSX: NG, AMEX: NG) is a mineral exploration, development, and mining company. NovaGold has 50% ownership of two of the world’s largest known undeveloped gold and copper-gold deposits. These projects are; the 36 million ounce Donlin Creek gold deposit (50:50 NovaGold and Barrick) in SW Alaska, and the Galore Creek (50:50 NovaGold and Teck Cominco) copper-gold-silver deposit (12 million oz of gold, 203 million oz of silver and 13 billion lb of copper) in NW British Columbia. NovaGold also owns Rock Creek in the Nome mining district near Nome, Alaska. Rock Creek is currently on care and maintenance at the commissioning stage. Once in commercial production, it will produce approximately 100,000 ounces of gold a year. The Company is developing its projects in cooperation with the Alaska Native Regional Corporations and Canadian First Nations groups in the regions that the Company operates. The Company generates $2-3 million in revenue per year from its Nome gold, gravel, and real-estate operations.