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

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

Founder at Novagold Resources Inc.

President at Aurizon Resources Ltd.

President at The Electrum Group LLC

Executive Chairman at Olivut Resources Ltd.

President & Chief Executive Officer at Novagold Resources Inc.

Former Chief Executive Officer at Sabina Gold & Silver Corp.

Chairman & Chief Executive Officer at Alexco Resource Corp.

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

Paths to Novagold Resources Inc.
Potential Connections via
Relationship Science
You
Novagold Resources Inc.
Owners & Shareholders
Details Hidden

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.

Details Hidden

Exor Investments (UK) LLP, part 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 then.

Details Hidden

Kopernik Global Investors implements global investment strategies through an active, fundamentals-based, value-oriented process. The firm seeks to identify potential investments that trade at significant discounts to their intrinsic value. For strategies that permit short positions, Kopernik seeks to short securities of companies that they believe are overvalued by the market, with an emphasis on securities selling at significant premiums to their intrinsic values. Kopernik typically invests in equity securities, with large, mid or small capitalizations, but may invest in other securities such as bonds, commodities, currencies, derivatives and other financial instruments. The firm may invest in securities of companies in developed global markets, as well as emerging and frontier markets. Kopernik's investment strategies include: Global All-Cap Equity, Global Unconstrained, Global Real Asset, and International.

Recent Transactions
Details Hidden

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

Details Hidden

purchases Trilogy Metals, Inc. from Novagold Resources Inc.

Details Hidden

Novagold Resources Inc. issued Common Stock

Insider Transactions
Details Hidden
Details Hidden
Details Hidden
Transaction Advisors
Legal Advisor

Advised onNovagold Resources Inc. issued Common Stock

Legal Advisor

Advised onNovagold Resources Inc. issued Common Stock

Auditor

Advised onNovagold Resources Inc. issued Common Stock

Lead Manager

Advised onNovagold Resources Inc. issued Common Stock

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
$1.7B
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%
Non-Profit Donations & Grants
Suppliers
Calista Corp. Computer Software | Anchorage, AK

Calista Corp. provides heavy equipment, IT, telecommunications and marketing services to construction industry. The firm provides services include rural camp services, heavy equipment sales, rental and service, both rural and urban construction including heavy civil and arctic construction, environmental remediation and range reclamation, ocean and shallow-draft river marine transportation, real estate investments, telecommunications, cyber security and cloud technology, public relations and marketing, and website development. The company was founded in 1972 and is headquartered in Anchorage, AK.

Competitors
Teck Resources Ltd. Metal Manufacturing & Products - 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. 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.