Novagold Resources Inc.

Novagold Resources Inc.

Novagold Resources Inc.

Date Founded



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

Type of Company


Employees (Worldwide)



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

In The News
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July 13, 2018
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July 12, 2018
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July 11, 2018
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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer & Vice President

Senior Vice President & Chief Operating Officer

Executive Vice President & General Counsel

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

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

President at The Electrum Group LLC

President at Azteca Consulting LLC

Former Chief Executive Officer at Sabina Gold & Silver Corp.

Chairman & Chief Executive Officer at Alexco Resource Corp.

President & Chief Executive Officer at Novagold Resources Inc.

Executive Chairman at Olivut Resources Ltd.

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

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Novagold Resources Inc.
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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The Baupost Group employs a value-oriented, multi-strategy investment approach that seeks to achieve good absolute returns on a long-term, risk-adjusted basis. The Baupost Partnerships seek to invest their capital so as to maximize total risk-adjusted pre-tax returns over an extended period of time. The Partnerships seek to invest in assets which are undervalued relative to their market price. The Partnerships invest, either directly or indirectly, in securities and other assets that have some or all of the following characteristics: (1) they are currently out-of-favor, but have good prospects (2) they sell at a significant discount to underlying economic value (3) they have catalysts in place for the realization of underlying value (4) they are highly complex (5) they are somewhat or highly illiquid and (6) they sell at prices below what would reasonably be expected due to market imperfections and inefficiencies, including but not limited to temporary supply demand imbalances, information gaps, and selling pressures.The Partnerships invest across a range of financial instruments, asset classes and geographic regions. Investments may include securities and and assets of all types, including, but not limited to, stock (common, preferred and convertible), warrants, options, swaps, trade claims, bank debt, bonds, other debt instruments including self-originated loans, currency, futures, derivatives, commodities, contract rights, royalty interests, non-US securities and other assets (including in emerging markets), structured investment vehicles, secured and unsecured instruments, ABS, CMBS, RMBS, real estate and related instruments, other complex financial instruments and rights and distressed assets. Securities may be listed or traded on domestic or non-US exchanges or other trading networks (including OTC markets), as well as securities that are unlisted and trade infrequently or not at all. At times, significant investments may be in securities or other assets that are not freely tradable or are otherwise illiquid. Such investments include interests in private equity investments, real estate, leveraged buy-out vehicles and joint ventures, which are typically organized as limited partnerships or limited liability companies, and are managed by thirdthird party asset managers. The Partnerships may also invest in PIPEs, Rule 144A securities and other direct assets such as car loans, consumer loans, commodities or non-performing assets.

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

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
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Advised onNovagold Resources Inc. issued Common Stock

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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

Advisors & Consultants
Legal Advisor

Partner at Morrison & Foerster LLP

Key Stats and Financials As of 2017
Market Capitalization
Total Enterprise Value
Earnings Per Share
Net Profit
TEVNet Income
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Total Equity
Three Year Compounded Annual Growth Rate Of Revenue
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Non-Profit Donations & Grants
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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. It operates through the Gold Mine and Non-Gold segments. The Gold Mine segment deals with gold properties in Burkina Faso, Suriname, Canada, and Mali. The Non-Gold Mine segment includes the exploration and evaluation, and corporate activities such as investments in associates and incorporated joint ventures. 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.