NovaGold Resources Inc. (USA)(NYSEMKT:NG) Reports Fourth Quarter Results


Dallas, Texas 02/28/2014 (FINANCIALSTRENDS) – NovaGold Resources Inc. (USA)(NYSEMKT:NG) has declared the fourth quarter results. At the same presentation the company also reported the year-end financial results. The project also received an update on the Donlin Gold Project in Alaska, of which this company owns over 50%.  It also holds position on Galore Creek for its copper and silver as well as gold project in British Columbia.

NovaGold Resources Inc. (USA)(NYSEMKT:NG) is a Canadian miner engaged in exploring and developing mineral properties. NovaGold is already known to hold properties spread over regions of Alaska, United states as well as British Columbia, in Canada. It also operates the Dolin Gold project of Alaska. This project  is operated through a range of  limited liability company  for NovaGold as well as another major company – Barrick Gold Corporation.

Projects Galore

The Galore Creek project will be in partnership for the project and will be a wholly owned subsidiary of NovaGold as well as Teck Resources Limited (Teck). It has to be noted that Galore Creek property will related to several projects such as the copper, gold as well as silver projects which operate in the North Western parts of British Columbia.

Besides NovaGold Resources Inc. (USA)(NYSEMKT:NG), the Galore Creek Mining Corporation or GCMC also manages the Creek Project. Accordingly, the Galore Creek project will also include the southwest as well as the Central Junction, the West Fork deposits as well. These projects are comparably better locations for the resources available. Besides, as of November 2012, the company has also sold Alaska Gold company LLC(AGC).

Financial overview

NovaGold Resources Inc. (USA)(NYSEMKT:NG) is a stock which has trades at $3.58 per share. The stock also sees an infra-day trading high valued at $3.76. The stock prices also observed that the infra-day low was $3.45.  The 52 week price points for the stock were as high as $4.15 and as low as $1.90.  The market capital for the stock is $1.14 billion.