NovaGold Resources Inc. (NYSE:NG) Q1 2025 Earnings Conference Call April 1, 2025 11:00 AM ET
Company Participants
Melanie Hennessey – VP, Corporate Communications
Greg Lang – President and CEO
Peter Adamek – VP and CFO
Conference Call Participants
Fedor Shabalin – B. Riley
Rabi Nizami – National Bank Financial
Operator
Thank you for standing by. This is the conference operator. Welcome to the NOVAGOLD’s First Quarter 2025 Financial Results Conference Call and Webcast. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions] I would now like to turn the conference over to Melanie Hennessey, Vice President, Corporate Communications. Please go ahead.
Melanie Hennessey
[Technical Difficulty] disclaimers included in this presentation. I will now turn the presentation over to our President and CEO, Greg Lang. Greg?
Greg Lang
Thank you, Melanie. NOVAGOLD is solely focused on the Donlin asset up in Alaska. Some of the key attributes that the Donlin project has, it’s large, almost 40 million ounces of gold at a grade of 2.25 grams. It’ll be a large mine. Its production will average over a million ounces a year, over a mine life measured in decades. The project is big now, but there is significant exploration potential along strike and at depth. We’re up in Alaska, a world-leading mining jurisdiction with a well-established industry and in a state that supports responsible mining. Our project is owned by two Alaska Native Corporations, Calista and TKC. Our partnership with them has endured for many years. The federal permits are in hand and we’re wrapping up the state permits. We remain committed to environmental stewardship and responsible governance, and development. We’ve got an experienced management team that has the expertise to continue to advance the Donlin project, and we enjoy strong shareholder support from our institutional investors.
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