Novagold Resources Inc.

Novagold Resources Inc.

Novagold Resources Inc.

Overview
Date Founded

1984

Headquarters

789 West Pender Street, Suite 720, Vancouver, BC, V6C 1H2, CAN

Type of Company

Public

Employees (Worldwide)

13

Industries

Non-Energy Mining & Minerals
Metal Manufacturing & Products

Company Description

NovaGold Resources Inc. (NYSE-AMEX, TSX: NG) capped a successful year of achieving key milestones at all of its projects by announcing a strategic plan to unlock the value of its world-class suite of mining development and exploration assets. The Company is focused on permitting and developing its 50%-owned flagship property, Donlin Gold, one of the world's largest known undeveloped gold deposits. NovaGold is also committed to maximizing value of its non-core assets and is currently exploring opportunities to sell its interest in the Galore Creek copper-gold-silver project in British Columbia, Canada. Its interest in NovaCopper Inc., which held its interest in the Ambler District, also known as the Upper Kobuk Mineral Project, was spun out to shareholders of NovaGold on April 30, 2012. As envisioned, NovaGold is now a well-financed, jurisdictionally secure Company well on its way of becoming a pure gold play exclusively focused on the advancement of Donlin Gold. Donlin Gold, which is equally and jointly held with Barrick Gold Corporation — the world's largest gold company — is a uniquely attractive asset. In terms of the combined size, grade, exploration potential, production profile and jurisdiction, it is quite possibly the most important gold development project in the world today. Donlin Gold has approximately 39 million ounces of gold mineral resources, inclusive of mineral reserves (541 million tonnes at 2.24 g/t), not including an additional approximately six million ounces of inferred mineral resources (92 million tonnes at 2.0 g/t) with tremendous growth opportunities.¹ These numbers already place Donlin Gold well within the top 1% of known global gold deposits in terms of size. Yet, more potential exists. With the current mineral estimates from along just two miles of a well-established mineralized corridor that is five miles long, the site will undoubtedly yield further discoveries. Once in production, Donlin Gold should be the largest gold mine among seven major producing mines in Alaska. NovaGold is well-financed with a cash balance of approximately US$350 million, which is sufficient to take Donlin Gold through permitting. Management has expertise in permitting, mine development, and operations and a track record for delivering projects on time and on budget. Committed to responsible development and operating to the highest environmental standards, we act with a long-term view, creating mutually beneficial relationships with our communities, employees, investors, partners and other people critical to our success and the economic development of Alaska

Contact Data
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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer & Vice President

Senior Vice President & Chief Operating Officer

Vice President, Corporate Communications

Vice President-Environment, Health, Safety & Sustainability

Vice President-Engineering & Development

Corporate Secretary

Manager-Nome Operations

Board of Directors

Founder at The Electrum Group LLC

Founder at Novagold Resources Inc.

President at Aurizon Resources Ltd.

Executive Chairman at Olivut Resources Ltd.

President & Chief Executive Officer at Novagold Resources Inc.

Chairman & Chief Executive Officer at Alexco Resource Corp.

Former Chief Executive Officer at Sabina Gold & Silver Corp.

President at The Electrum Group LLC

President, Chief Executive Officer & Director at Nickel Creek Platinum Corp.

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Owners & Shareholders
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Paulson's investment strategies are all based on the same underlying investment philosophy of capital preservation and low correlation to the broad markets. They perform fundamental and legal analysis on investments, including reviews of company financials and review of legal documentation related to proposed investment opportunities. The firm's products are provided through collective investment vehicles, including both domestic partnerships and offshore private investment companies, and separately managed accounts that deploy all or a subset of the firm's investment strategies. Paulson's investment objective is to achieve positive excess returns through trading the securities and/or derivatives thereon of companies that are the subject of proposed changes in corporate structure or control such as tender offers, mergers, spin-offs, proxy contests, liquidations, recapitalizations, restructurings and bankruptcy reorganizations.

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Exor Investments (UK) LLP, a subsidiary of Exor NV (Private Equity), is a British company located in London. The firm provides investment advice. It was founded in 2016. Matteo Scolari has been the CEO since the inception date.

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Empyrean Capital Partners s, employs a fundamentally-oriented, multi-disciplinary, event-oriented investment approach. The firm believes that to fully exploit current event-oriented market opportunities requires an integrated combination of credit, equity and volatility expertise. Empyrean seeks capital appreciation and current income through the purchase and sale of debt, equity, options and derivative instruments where inefficiencies and mispricings create opportunities to earn attractive risk-adjusted returns. They seek to invest in situations where there is the potential for significant returns through either capital appreciation or ongoing income, and where identifiable catalysts exist which can unlock value and close the gap between market value and intrinsic value. Empyrean seeks to (i) purchase securities and other financial instruments for clients at prices they believe represent discounts to intrinsic value, or (ii) sell short securities they believe trade at a premium to intrinsic value.Empyrean seeks to limit downside exposure through the purchase of securities or instruments at discounts to intrinsic value or otherwise limit risk through favorable structural, contractual, collateral or valuation characteristics. Generally, the firm seeks to reduce market exposure through a variety of credit, equity and volatility hedging strategies. Empyrean may sell securities short, purchase puts and calls, write uncovered puts and calls, purchase options on stock indices and bond indices and utilize other derivative instruments, including CDS, futures, forward contracts and swaps. They may also use repurchase agreements, and certain strategies may include investments in vehicles managed by independent portfolio managers.Empyrean generally invests, both long and short, in a variety of public and private primary and secondary market securities, instruments and obligations. Instruments may include, but aren't limited to, trade claims, revolving and term loan credit facilities, public and private debt obligations, public and private convertible debt and convertible preferred stock, public and private common stock and other types of equity interests, futures, options, warrants and derivative instruments.

Recent Transactions
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Bering Straits Native Corporation purchases Alaska Gold Co. LLC from Novagold Resources Inc.

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purchases Trilogy Metals, Inc. from Novagold Resources Inc.

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Novagold Resources Inc. issued Common Stock

Insider Transactions
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Transaction Advisors
Auditor

Advised onNovagold Resources Inc. issued Common Stock

Legal Advisor

Advised onNovagold Resources Inc. purchases Coast Mountain Power Corp.

Underwriter

Advised onNovagold Resources Inc. issued Common Stock

Lead Manager

Advised onNovagold Resources Inc. issued Common Stock

Managing Director

Advised onNovagold Resources Inc. issued Common Stock

Manager

Advised onNovagold Resources Inc. issued Common Stock

Advisors & Consultants
Legal Advisor

Partner at Morrison & Foerster LLP

Consultant

Former Executive Vice President, General Counsel & Corporate Secretary at Novagold Resources Inc.

Key Stats and Financials As of 2018
Market Capitalization
$1.88B
Total Enterprise Value
$1.43B
Earnings Per Share
$-0.13
Revenue
$0
Net Profit
$-42.2M
EBITDA
$-23.8M
Total Debt
$68.5M
Total Equity
$214M
TEVNet Income
-33.83x
Debt TEV
0.05x
Three Year Compounded Annual Growth Rate Of Revenue
0%
Five Year Compounded Annual Growth Rate Of Revenue
0%
Non-Profit Donations & Grants
Competitors
Teck Resources Ltd. Non-Energy Mining & Minerals - Vancouver, BC

Teck is a diversified resource company committed to responsible mining and mineral development with business units focused on copper, steelmaking coal, zinc and energy, and is also a significant producer of specialty metals such as germanium and indium. We are headquartered in Vancouver, Canada. We own, or have an interest in, 13 mines in Canada, the USA, Chile and Peru, as well as one metallurgical complex. We are actively exploring for copper, zinc and gold in the Americas, Asia Pacific, Europe and Africa. We have expertise across a wide range of activities related to mining and minerals processing including exploration, development, smelting, refining, safety, environmental protection, product stewardship, recycling and research

Agnico Eagle Mines Ltd. Non-Energy Mining & Minerals - TORONTO , ON

Agnico Eagle Mines Ltd. engages in the exploration, development, sale, and production of gold mineral properties. The company was founded by Paul Penna on June 1, 1972 and is headquartered in Toronto, Canada.

IAMGOLD Corporation Non-Energy Mining & Minerals - Toronto, ON

IAMGOLD Corp. engages in the exploration, development and production of gold and mineral resource properties. The company was founded by William D. Pugliese, Mark I. Nathanson, and Larry E. Phillips on March 27, 1990 and is headquartered in Toronto, Canada.

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