NovaGold Resources Inc. (NYSE:NG) Q2 2024 Earnings Conference Call June 27, 2024 11:00 AM ET
Company Participants
Melanie Hennessey - Vice President, Corporate Communications
Greg Lang - President & Chief Executive Officer
David Ottewell - Vice President & Chief Financial Officer
Conference Call Participants
Fedor Shabalin - B. Riley Securities
Operator
Thank you for standing by. This is the conference operator. Welcome to the NOVAGOLD 2024 Second Quarter 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
Good morning, Ashia. 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 NOVAGOLD's President and CEO, Greg Lang; 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 will now turn the presentation over to our President and CEO, Greg Lang. Greg?
Greg Lang
Thank you, Melanie, and good morning, everyone.
Let's begin today's call by highlighting why both we and our shareholders regard Donlin Gold as a Tier 1 asset. I want to emphasize our investment thesis and why assets, such as Donlin, are increasingly vital to the industry.
Let's discuss the impressive attributes of the Donlin Gold project, as shown on Slide 5. First, the project boasts almost 40 million ounces of gold and a grade of over 2 grams per tonne, which is more than double the industry average. The projected mine life is almost three decades based on -- only on our current resources. This ensures a long-term, stable operation. Moreover, Donlin Gold is set to produce around 1 million ounces a year at a low cost, solidifying its position as one of the top producers in the industry with landholdings that offer significant exploration potential for future growth.