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

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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer & Vice President

Executive Vice President, General Counsel & Corporate Secretary

Vice President, Corporate Communications

Vice President-Environment, Health, Safety & Sustainability

Vice President, Engineering & Development

Corporate Secretary

Manager-Nome Operations

Analyst, Investor Relations

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Board of Directors

Founder at The Electrum Group LLC

President, Chief Executive Officer & Director at Trilogy Metals, Inc.

President at Aurizon Resources Ltd.

Former Chief Executive Officer at Sabina Gold & Silver Corp.

Senior Vice President & Chief Operating Officer at Homestake Mining Co.

Executive Chairman, Chief Executive Officer & Head-Investor Relations at Alexco Resource Corp.

President & Chief Executive Officer at Novagold Resources Inc.

Executive Chairman at Olivut Resources Ltd.

Chief Executive Officer & Chairman of the Board at Namibia Rare Earths, Inc.

President at The Electrum Group LLC

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Owners & Shareholders
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Paulson & Co.'s investment strategies are all based on the same underlying investment philosophy of capital preservation and low correlation to the broad markets. The firm specializes in global merger and event arbitrage, as well as financial restructuring, real estate and credit opportunities involving a range of financial instruments, including equity and debt securities, currencies, commodities, fixed income products, MBS and other derivative securities. Paulson'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.The Paulson Funds' 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. Paulson's objective is to purchase these securities and/or derivatives at a discount to what they believe will be their value on the consummation of the proposed event. A complementary objective is to minimize exposure to the general securities markets by concentrating the portfolio on event-specific investments which act independently of the markets. In addition, some of the funds seek to achieve their objective through trading the securities and/or derivatives of companies that are the subject of special situations such as spin-offs, litigation, relative value, restructurings, proxy contests, and post-bankruptcy equities, as well as distressed securities and credit related securities and derivatives, gold and gold related securities and/or derivatives, and direct real estate and real estate related securities.

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MSD Partners serves as the management company to and has discretionary trading authority over various funds that are offered on a private placement basis. The Credit Opportunity Funds seek to produce attractive risk-adjusted returns by investing in distressed, stressed, special situation and event-driven value opportunities across the capital structure. The Private Credit Opportunities Fund seeks to generate attractive risk-adjusted returns primarily by investing in loans, and structured debt and debt-like securities, in businesses operating both inside and outside the US. The European Opportunity Funds are sub-advised by MSD's London-based affiliate. MSD Capital (Europe) LLP. The funds seek to produce attractive risk-adjusted returns by capitalizing on mispriced investment opportunities in Europe. They invest in bank debt, bonds, trade claims, hybrid securities and equities, in addition to more infrequent use of credit default swaps and equity options. Investments are focused on Europe but may also include US investments.The Torchlight Funds seek to produce attractive investment returns over the long-term without excessive risk by investing in financial instruments that are selling at a perceived significant discount to their current liquidation value and/or investing in companies and financial instruments that are expected to generate significant internal rates of return over time. Investments are made across all markets globally, but tend to be concentrated in the US. MSD's Mortgage Funds seek to acquire a direct limited partnership interest in Partners In Prophet Ltd., managed by Prophet Asset Management LLC. The principal objective of the fund is to generate superior risk-adjusted returns through an investment strategy primarily focused on the acquisition, holding and disposition of MBS, including but not limited to US Government Agency guaranteed and non-Agency guaranteed MBS, and CMOs. securities and collateralized mortgage obligations. The principal objective of the India Funds is to produce superior risk-adjusted returns through investments in, or in instruments related to, a selection of companies that: are organized under the laws of India; have securities that are traded principally on any Indian stock exchange or in the Indian OTC; or are located outside of India and sell goods or services into India or otherwise have the potential to benefit from access to Indian operations, markets, technologies, workforce or other capabilities.

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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.

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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

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Insider Transactions
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Transaction Advisors
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Auditor

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Lead Manager

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Chair, International Practice Group

Advised on purchases Novagold Resources Inc.

Managing Director

Advised onNovagold Resources Inc. issued Common Stock

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Partner at Morrison & Foerster LLP

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Key Stats and Financials As of 2017
Market Capitalization
$1.68B
Total Enterprise Value
$1.57B
Earnings Per Share
$-0.16
Revenue
$0
Net Profit
$-50.8M
EBITDA
$-27.1M
Total Debt
$66.4M
Total Equity
$366M
TEVNet Income
-30.83x
Debt TEV
0.04x
Three Year Compounded Annual Growth Rate Of Revenue
0%
Five Year Compounded Annual Growth Rate Of Revenue
0%
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