NovaGold Resources Inc. (NYSE:NG) Q2 2023 Earnings Conference Call June 28, 2023 11:00 AM ET

Company Participants

Melanie Hennessey - VP, Corporate Communications

Greg Lang - President and Chief Executive Officer

David Ottewell - Vice President and Chief Financial Officer

Conference Call Participants

Nick Giles - B. Riley Securities

Operator

Thank you for standing by. This is the conference operator. Welcome to the NovaGold 2023 Second Quarter Financial Results Conference Call and Webcast. As a reminder, all participants are in listen-only mode and the conference is being recorded. [Operator Instructions] I would now like to turn the conference over to Melanie Hennessey, Vice President, Corporate Communications. Please go ahead.

Melanie Hennessey

Thank you, [indiscernible]. Good morning, everyone. We are pleased that you have joined us for NovaGold's Second Quarter Financial Results and also for an update on the Donlin Gold Project. On today's call, we have Greg Lang, NovaGold's President and CEO; and David Ottewell, NovaGold’s Vice President and CFO.

At the end of the webcast, we will take questions by phone. Additionally, we will respond to questions received by e-mail. I would like to remind you, as stated on Slide 3, any statements made today may contain forward-looking information, such as projections and goals, which are likely to involve risks detailed in our various EDGAR and SEDAR filings and forward-looking disclaimers included in this presentation.

I now have the pleasure of turning the presentation over to our President and CEO, Greg Lang. Greg?

Greg Lang

Thank you, Melanie. Before we go into the second quarter results, I wanted to start today's call by giving you a quick look at the reasons why we and our shareholders are invested in the company. Over time and by keeping our promises to stakeholders, our management team has diligently protected our resources, both the mineral endowment and our treasury. We've substantially de-risked Donlin Gold. With a commitment to responsible mining, we have dedicated both time and effort to build trust and transparency and continuously found ways to improve and enhance the project while building a legacy.

It is our belief that Donlin Gold is among the rarest of gold development assets. A Tier 1 asset in a Tier 1 jurisdiction. To touch on Donlin’s attributes, as currently envisioned with approximately 39 million ounces, it hosts one of the largest and highest grade undeveloped gold endowments in the world that would average over a million ounces per year of gold production for 27 years.