VANCOUVER - Gold miner NovaGold Resources Inc. (TSX:NG) says both its fourth-quarter and full year 2011 losses widened.The Vancouver-based company said Wednesday it lost $ 38 million, or 16 cent per share, during the fourth quarter of 2011, widening a loss of $ 21.5 million, or 12 cents per share, during the year-earlier period.The loss included … [Read more...]
NovaGold says Donlin would be premier mine
December 5, 2011 by
VANCOUVER - NovaGold Resources Inc. (TSX:NG) says results of a new feasibility study indicate its Donlin Gold joint venture, would be among the world's most significant low-operating cost and long-lived gold mines.The company says the mining property, owned along with Barrick Gold Corp. (TSX:ABX), would average 1.5 million ounces of gold per year … [Read more...]
NovaGold to focus on Donlin Gold project
November 16, 2011 by
VANCOUVER - NovaGold Resources Inc. (TSX:NG) said Wednesday it is going to focus on developing its Donlin gold project in Alaska, with plans to spinoff or sell its other major assets.The company said it will look to sell its stake in the Galore Creek project in B.C. that it is developing with Teck Resources (TSX:TCK.B) and spin off its Ambler … [Read more...]
NovaGold signs deal with Alaska native group
October 20, 2011 by
VANCOUVER - NovaGold Resources Inc. (TSX:NG) has signed a deal with NANA Regional Corp. Inc., an Alaska Native corporation, regarding the mining company's Ambler project.The agreement consolidates NovaGold's and NANA's land holdings into a 180,000-hectare land package and provides a framework for the exploration and development of region.Under the … [Read more...]
NovaGold hopes to make Galore decision soon
October 17, 2011 by
VANCOUVER - NovaGold Resources Inc. (TSX:NG) is considering a new plan for its Galore Creek project in B.C. that would increase production and extend the life of the proposed mine by several years.The company, which shares the project with Teck Resources Ltd. (TSX:TCK.B), said Monday its enhanced plan would increase the amount of ore to be mined … [Read more...]
NovaGold Resources Q3 loss narrows to $56.6M
October 13, 2011 by
VANCOUVER - NovaGold Resources Inc. (TSX:NG) reported a much smaller third-quarter loss on Thursday, saying the improvement was mainly due to a non-cash asset impairment charge of $ 116.2 million the company suffered in the comparable 2010 period.Vancouver-based NovaGold said its net loss in the three months ended Aug. 31 was $ 56.5 million or 24 … [Read more...]
