donlin-creek

NovaGold’s (AMEX:NG) Donlin Creek Getting More Expensive?

Now that NovaGold (AMEX:NG) losses have mounted over the last quarter, they are getting more aggressive in pursuing capital to work on their Donlin Creek project, which is by far their most important mine. They are in a 50/50 partnership with mining giant Barrick Gold Corp. (NYSE:ABX) in the project. Either the costs at the project are increasing, or NovaGold is pushing harder to get it going,

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NovaGold (AMEX:NG) Losses Three Times Worst Than Last Year

NovaGold (AMEX:NG) (TSE:NG) had a poor second quarter, with losses coming in at $15.8 million, over three times the $4.8 million in losses last year.Revenue for the quarter also plunged, dropping to only $100,000, down from $300,000 in the same quarter last year. The company said that was due to declining gravel and land sales. Losses came in at seven cents a diluted share for the latest quarter

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NovaGold Resources (NYSE:NG) Soars on Gold Prices

Although well off its 52-week high of $9.18, NovaGold Resources (NYSE:NG) was among the gold mining leaders on Friday, surging to close at $7.36, a $0.45 gain, or 6.51 percent. NovaGold attained its high at the beginning of May. Hedge fund managers John Paulson and George Soros have both expressed deep interest in the company, investing at least $175 million combined in the gold mining company,

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NovaGold (AMEX:NG), Barrick (NYSE:ABX), Looking to Cook Inlet for Gas Supply for Donlin Creek

NovaGold (AMEX:NG) and Barrick (NYSE:ABX) have launched an initial study to consider implementing a natural gas pipeline, bringing into the project from Cook Inlet, 325 miles away. The pipeline itself would be 12 inches in diameter. Estimates at this time are the use of the pipeline as the prime source of energy for the company would result in cutting overall operating costs by as high as 25

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NovaGold (AMEX:NG) Attracts Big Players, Money

NovaGold Resources (AMEX:NG) (TSE:NG) President and Chief Executive Officer, Rick Van Nieuwenhuyse, seems to have a gift for attracting big players and big money to invest in the company, and that has paid large dividends for them at crucial times of their growth cycle. Some of those investing in NovaGold Resources include billionaire Thomas Kaplan through his Tigris Financial Group, John

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NovaGold (AMEX:NG) CEO Says Company Good for Three Years

NovaGold (AMEX:NG) CEO and President Rick Van Nieuwenhuyse said earlier in the month that the company has reversed its setbacks over the last three years and is now set financially for the next three years, referring to the financing secured by the gold miner.Much of the financing required by NovaGold was secured through investment from hedge fund Paulson & Co. and Quantum Partners, which brought

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NovaGold (TSE:NG), Barrick Gold (TSE:ABX) Consider Natural Gas Pipeline at Donlin Creek

NovaGold (TSE:NG) (Amex:NG), co-owner of the Donline Creek project with Barrick Gold (TSE:ABX) (NYSE:ABX), announced they are launching a feasibility study revision to determine whether or not to supply the project with power from a natural gas pipeline at Donlin Creek. The feasibility study last year was performed with the idea of using wind and diesel as the power source for the project, which

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NovaGold (AMEX:NG) Underwhelming to Some

NovaGold a challenge short term, great potential long term For up to five years, it’s possible NovaGold (AMEX:NG) could struggle strongly, even though it has two quality gold projects it has a stake in like Galore Creek and Donlin Creek. It’s not the long term prospects of NovaGold that concerns those following the company, as they are very bright, but it’s not as simple as taking a stake in

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NovaGold Resources (TSE:NG) Lost $18.7 Million in First Quarter

NovaGold Quarterly ReportFirst quarter results for NovaGold Resources (TSE:NG), while nothing to brag about, did improve over the same quarter last year, as they improved losses from $28.5 million last year to $18.7 million losses this year.The $28.5 million equaled 20 cents a share, while this year losses were 10 cent a diluted share.Revenue for the quarter came in at only $30,000 for the

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