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News For NG From The Last 14 Days
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October 6, 2015
17:18 EDTNGNovaGold says has sufficient capital to fund Donlin Gold, Galore Creek projects
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17:17 EDTNGNovaGold lowers FY15 CapEx view to $41.3M from $44.8M
Based on spending to date of $35.3M, the full year 2015 spending forecast has been reduced from $44.8M to $41.3M, which includes $15.8M used in the second quarter to repay the principal on the remaining convertible notes, $12M to fund our share of expenditures at the Donlin Gold and Galore Creek projects, $0.5M for joint Donlin Gold studies with Barrick and $13M for general and administrative costs, interest, working capital and other corporate purposes. NOVAGOLD continues to focus on five key areas throughout the year: first, to advance the Donlin Gold project toward a construction/production decision; second, uphold strong relationships with all stakeholders; third, advance Galore Creek mine planning and project design; fourth, evaluate opportunities to monetize the value of Galore Creek; and fifth, maintain a healthy balance sheet.
17:09 EDTNGNovaGold reports Q3 EPS (2c), consensus (2c)
In the third quarter of 2015, NovaGold achieved the following: The cooperating agencies completed the review of the Donlin Gold preliminary draft EIS in July; The Corps is on track to publish the Donlin Gold draft EIS for public comment; Donlin Gold hired two additional senior permitting staff members who have taken lead roles on key permitting tasks as major permits also continue to progress; Site visits were conducted at Galore Creek to continue to optimize integrated mining, waste and water management concepts in the Galore Valley.

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