Novagold Resources Inc
NGNovaGold Resources Inc. explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc. in March 1987. NovaGold Resources Inc. was incorporated in 1984 and is based in Vancouver, Canada.
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Key Information
Legal Entity
Novagold Resources Inc
Sector
Precious Metal
Founded
December 4, 2003
Employees
14
Reporting Currency
CAD
Contact Phone
866 669 6227
Website
www.novagold.comHeadquarters Address
400 Burrard Street , Vancouver , BC V6C 3A6 , CA
Identifiers
Commodity Portfolio
Stock Exchanges
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Videos
They Just Hit Almost Pure Silver in Canada’s Forgotten Silver Capital | DD-on-the-GO Brixton Metals
Key Highlights
brief- The video mentions Novagold as one of the major companies where Gary Thompson gained experience before founding Brixton Metals.
Brixton Metals is drilling extraordinarily high-grade native silver at the historic Langis Mine in Cobalt, Ontario, including over 5,000 g/t silver across 20 metres. The best intercept came from ground with no old shafts or historic mining, showing the century-old camp still holds undiscovered veins. Record silver prices, modern exploration technology, and Ontario's new tailings reprocessing rules are together reviving Cobalt's camp economics. Brixton is drilling the Langis tailings pile toward a maiden resource estimate that could generate early cash flow before any new shaft. The company also owns Thorn, a large copper-gold project in British Columbia that has attracted partners like BHP and Ivanhoe Electric.
Contango Silver & Gold: Low-Capex Direct-Ship Ore Model Yields Big Returns
Key Highlights
brief- Khunkhun credits Contango CEO Rick Van Nieuwenhuyse with building Novagold from scratch into one of his billion-dollar Alaska businesses, citing it as evidence that investors must bet on the people.
President Shawn Khunkhun says Manh Choh's high-grade output self-funds growth, generating roughly $100 million in yearly free cash flow at his $3,700 budgeted gold price. Manh Choh's 2027 guidance: 75,000-80,000 ounces at $1,213-$1,300 cash costs (the direct cost to mine an ounce) as mining shifts into the richer South Pit. The guest argues 2025's rally - gold up 70%, silver 200% - and supportive governments make this mining's best financing market in a century. Management frames the portfolio at about 10 grams per tonne (metal content per tonne), with the new KB estimate lifting indicated silver ounces 93%. Direct shipping ore (DSO - ore sold without on-site processing) needs infrastructure and simple permitting; the guest credits it for Manh Choh's two-and-a-half-year feasibility-to-production timeline.
Lab Report | Aug 20 Deep Dive on Contango Silver & Gold
Key Highlights
brief- Cited via track record: the panel credits Rick's work at NovaGold with helping build billion-dollar businesses in Alaska.
Contango eliminated its hedge book near $4,000 gold, restoring shareholders' complete exposure to gold price upside. High-grade projects using a direct shipping ore model — rock sent to existing mills — avoid tailings dams, big capital, and slow permitting. Moncho cash flow from the 70/30 joint venture operated by Kinross self-funds seven drill rigs and Johnson Track roadwork on a 33-million-share count. On the speaker's valuation yardstick of $500 million to $2 billion per 100,000 ounces produced, Contango screens cheap against its project portfolio. Decades of consolidation emptied the mid-tier ranks, leaving few growth producers positioned for the next stage of the gold bull market.
“You Can Buy $CTGO at Just Three Times Next Year’s Free Cash Flow” – Contango’s Shawn Khunkhun
Contango ORE trades at roughly three times next year's expected free cash flow, a multiple the company's president calls attractive. Shares fell about 50% since January, which the guest attributes to a broad precious-metals equity sell-off. The guest expects a mineral resource estimate for Kitsault Valley within weeks, plus drill results supporting a 2028 Lucky Shot restart. Contango retired its hedge book with debt at about 7% interest, leaving roughly $90 million in cash against $45 million of debt. Ore from the Alaska mine is trucked to Kinross's Fort Knox mill under a direct ship ore (DSO) arrangement.
Caleb Stroup, President & CEO of Headwater Gold | Rule Symposium 2026: Rick Rule interviews
Key Highlights
brief- Stroup says he started his career with Nova Gold in Alaska in the mid-2000s and calls watching its fired-up exploration team deliver value to the market a formative experience that drew him back to junior mining.
- Rick Rule recalls Nova Gold's run from $0.25 to $10 with a smile, calling it a happy memory and saying that calling it one is an understatement.
Headwater Gold pairs six major-funded partnerships with six wholly owned projects in a 12-asset, Nevada-focused epithermal (hot-water vein) gold portfolio. Spring Peak, Headwater's most advanced Newmont partnership, hit high-grade epithermal gold under barren alteration; permitting runs through FAST 41, the streamlined US federal track. The CEO's test: spend $500,000-$1.5 million to conclusively drill a vein thesis — success, clean failure, or technical success that de-risks it for majors. About $42 million market cap, $7 million cash, no debt; partner management fees cut net overhead to roughly $30-40,000 monthly, stretching runway for years. Insiders own 28%; Newmont holds 7% and Sentara Gold 9.9%. Catalysts: maiden Jay Creek drilling, Idaho's Crane Creek, and the newly announced Jupiter project.
#96 Digging for Dollars #24 Raising $100M, Execution is Everything
Key Highlights
brief- The guest identifies Novagold as co-owner, alongside John Paulson, of the Donlin deposit in Alaska sitting just under 40 million ounces.
Amex Exploration's Perron feasibility study shows how grade and low capex create value: $1.13B after-tax NPV at $3,500 gold and about a half-year payback. AISC (all-in sustaining cost — what an ounce really costs to produce) near $910 and third-party toll milling keep Perron buildable without heavy upfront infrastructure. Tectonic Metals founder Tony Reda explains raising roughly $100M after one drill year at the Flat project, a camp-scale Alaska gold play beside 40M-ounce Donlin. Dig This Deal pitches: Kootenay Silver offers 400M silver ounces ahead of its first PEA (preliminary economic assessment); copper picks highlight jurisdiction risk. Takeaways for any junior: net asset value (NAV) to capex ratios gauge financeability, strip ratios rival grade, and buildable projects make the best takeover candidates.
“There’s a Catch-Up Trade Coming for Contango Silver and Gold Post Merger” says Shawn Khunkhun
Dolly Varden Silver and Contango Ore expect their merger to close around March 26, with the combined company trading as CTGO on NYSE American and listing on the TSX. The guest expects roughly $50 million of ETF and index buying soon after closing — a catch-up trade after the stock stayed range-bound between merger announcement and completion. A $50 million exploration budget targets a 50% increase in silver inventory toward 100 million ounces, funded by about $100 million of cash and roughly $100 million of annual cash flow from the producing Alaskan mine. Management guides to up to $250 million of free cash flow in 2027, with Lucky Shot returning to production by 2028 and Johnson Tract doubling gold output to 200,000 ounces. The company's hub-and-spoke, direct-shipping model cuts capital costs and avoids tailings permitting, but only works for high-grade projects near existing processors.
Shawn Khunkhun: Inevitable 'Financial Reset', De-dollarization, Gold & Silver
Key Highlights
brief- Advancing the 40M oz Donlin deposit in Alaska; founded by Rick Van Nieuwenhuyse, now valued at ~$6B.
Silver's 200 million ounce structural annual deficit will not close before 2030, leaving the bull case intact after the $120-to-$75 pullback. The Contango Ore / Dolly Varden merger of equals forms a debt-free North American silver-gold producer targeting five to six million ounces of annual output. Sharp pullbacks inside a structural bull market are healthy and corrections get bought quickly during the middle 'is this real?' phase. Junior mining M&A today must build mid-tier producers — Barrick-Randgold, Newmont-Goldcorp, and Newmont-Newcrest left no breadth at the middle of the market. Easy-money policy and a potential 'financial reset' driven by $35 trillion of US debt could push gold toward $6,000 to $9,000, with silver following higher.
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