Anchorage, Alaska – NOVAGOLD held its 2024 first-quarter earnings conference call on April 4th at 11:00 AM ET. The call featured NOVAGOLD’s President and CEO, Greg Lang, and David Ottewell, NOVAGOLD’s Vice President and CFO. The call highlighted the company’s focus on the Donlin Gold project, emphasizing its potential as a top-tier asset in the gold mining sector.

Lang discussed the strategic importance of the Donlin Gold project, citing its impressive resource of approximately 39 million ounces of gold with a grade that doubles the industry average. He also emphasized the project’s potential to be a low-cost, open-pit producer for many decades, with a projected mine life exceeding 27 years. Additionally, Lang highlighted the project’s favorable regulatory environment and partnerships with Calista and TKC, positioning it for successful development.

The conference call also addressed the company’s achievements in environmental stewardship, health and safety, social and community engagement, and corporate governance. Lang emphasized NOVAGOLD’s commitment to excellence in all areas of operation, including maintaining robust environmental health and safety practices and supporting local communities in the Y-K region.

Lang discussed the progress made at the Donlin Gold project during the first quarter, including completion of resource modeling, advancement of metallurgical test work, and ongoing data collection for closure planning and regional infrastructure support. He also highlighted the company’s community engagement activities and sponsorships, underscoring its commitment to local communities and sustainable development.

The call also addressed investor inquiries about the company’s strategy, financial position, and future plans. Lang and Ottewell discussed the company’s strong treasury, projected spending for 2024, and potential future financing needs. They also addressed questions about permitting, share buybacks, and the company’s cash position for future requirements.

In conclusion, Lang thanked participants for joining the call and providing an update on NOVAGOLD’s progress. The call concluded with the operator thanking participants and ending the conference.