Founded in 1984, NOVAGOLD RESOURCES INC. is a mineral exploration and development company primarily focused on advancing the Donlin Gold project situated in southwestern Alaska. The Donlin Gold property comprises 493 mining claims encompassing approximately 29,008 hectares on private land owned by Alaska Native corporations (Calista Corporation and The Kuskokwim Corporation), which own the subsurface and surface rights, respectively. Donlin Gold hosts approximately 39 million ounces of gold in measured and indicated mineral resources, with projected average annual production exceeding one million ounces over a 27-year mine life.
Historically managed under a 50/50 (and subsequently 60/40) joint venture via Donlin Gold LLC with partners including Barrick Gold and Paulson Advisers LLC, NOVAGOLD is currently in the pre-production and permitting phase and generates no commercial mining revenue. The company operates in a single reportable operating segment—the exploration and development of mineral properties. Its activities are primarily funded through equity offerings, cash reserves, and partnership arrangements. The company maintains its corporate office in Vancouver, British Columbia, while its principal executive offices and chief executive officer are based in Salt Lake City, Utah.
