NovaGold Resources Inc. (NYSE:NG) Q2 2022 Earnings Conference Call July 6, 2022 11:00 AM ET

Company Participants

Melanie Hennessey - VP, Corporate Communications

Gregory Lang - President and CEO

David Ottewell - VP and CFO

Conference Call Participants

Lucas Pipes - B. Riley Securities

Operator

Thank you for standing by. This is the conference operator. Welcome to the NovaGold Second Quarter 2022 Financial Results Conference Call and Webcast. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [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, Ariel. Good morning, everyone. We are pleased that you have joined us for NovaGold's 2022 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 on the phone and respond to the questions received by e-mail.

I would like to remind participants that 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?

Gregory Lang

Thank you, Melanie. I'm glad you could all join us today. Before we get started, I want to take a moment to acknowledge the recent and tragic passing of our dear friend, colleague and longtime Director, Igor Levental, with whom I had the pleasure working with for well over 30 years. He will be sorely missed, as well his counsel, his characteristic sense of humor, and his love of life.

NovaGold's chairman, Dr. Kaplan, wrote a beautiful tribute to Igor. This can be found on our website, under Board of Directors. Last year's drill program finished strongly with high grade intercepts and some of the best drill results for an open pit project industry wide. The final results for the 2021 drill program were released in the first quarter, and provided the basis for activities that commenced at the Donlin Gold project site earlier this year in February, with the largest forecast spend on the project in over a decade.