NovaGold Resources Inc. (NYSE:NG) Q3 2024 Earnings Conference Call October 3, 2024 11:00 AM ET

Company Participants

Melanie Hennessey - Vice President, Corporate Communications
Gregory Lang - President and Chief Executive Officer
Peter Adamek - Vice President and 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 Third 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, everyone, and thank you for joining us for NOVAGOLD's third quarter financial results and for an update on the Donlin Gold Project. On today's call, we have NOVAGOLD's President and CEO, Greg Lang; and Peter Adamek, 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 everyone, 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?

Gregory Lang

Thank you, Melanie, and good morning, everyone. To begin today's call, I want to highlight why Donlin Gold is viewed as a Tier 1 asset by us and our shareholders, especially given the scarcity of high-quality projects in safe jurisdictions and the recent surge in the price of gold.

Let's examine the impressive features of the Donlin Gold Project as detailed on Slide 5. Donlin boasts 39 million ounces of gold at an average grade of 2.25 grams per tonne, more than double the industry average.

With a projected mine life of nearly three decades based on our known resources, Donlin Gold promises a long-term, stable and low-cost operation that would be one of the leading producers in the industry with substantial exploration potential for future growth.

Backed by an experienced management team with a proven track record in mine development across the Americas, Donlin Gold has secured the necessary federal permits and the majority of the state permits, demonstrating its readiness for successful advancement.