NovaGold Resources Inc. (NYSE:NG) Q4 2023 Earnings Conference Call January 25, 2024 11:00 AM ET

Company Participants

Melanie Hennessey – Vice President-Corporate Communications

Greg Lang – President and Chief Executive Officer

David Ottewell – Vice President and Chief Financial Officer

Thomas Kaplan – Chairman

Conference Call Participants

Lucas Pipes – B. Riley Securities

Don DeMarco – National Bank Financial

Operator

Thank you for standing by. This is the conference operator. Welcome to the NovaGold’s 2023 Year-End Financial Results Conference Call and Webcast. As a reminder all participants are in a 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, Ayisha. Good morning, everyone. We are pleased that you have joined us for NovaGold’s 2023 year-end financial results and for an update on the Donlin Gold project. On today’s call, we have NovaGold’s Chairman, Dr. Thomas Kaplan; 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 email. 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 will now turn the presentation over to our President and CEO, Greg Lang. Greg?

Greg Lang

Thank you, Melanie, and good morning, everyone. Ahead of providing a summary of our 2023 year-end results. I’d like to start today’s call with a brief overview on Slide 5, which explains why we and our shareholders consider Donlin Gold, a Tier 1 asset.

Posting approximately 39 million ounces of gold at an impressive grade of more than twice the industry average at 2.25 grams and a projected mine life of almost 30 years, Donlin Gold bodes the potential to be a significant and cost-effective producer.

Furthermore, outstanding exploration potential exists beyond the known resource areas, throughout Donlin’s extensive land holdings. The project is also located on private land designated for mining in Alaska, a world-leading jurisdiction known for responsible mining practices. Our enduring partnerships and life of mine agreements with Calista and the TKC Corporation further position Donlin favorably on its path toward development. It is important to put into context the company’s accomplishments since the reorganization in 2012. Especially for those who are new investors and less familiar with us.