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

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.

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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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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.

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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
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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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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
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Non-Profit Donations & Grants
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