NovaGold sees FY25 expenditure $37.5M

The company said, “Our anticipated expenditure in fiscal year 2025 will be approximately $37.5M, including $21.5M to fund our share of the Donlin Gold project and $16M for corporate general and administrative costs. NOVAGOLD’s (NG) main objectives include continuing to advance the Donlin Gold project towards a construction decision; maintaining support for Donlin Gold among the project’s stakeholders; promoting a strong safety, sustainability, and environmental culture; maintaining a favorable reputation of NOVAGOLD; and preserving a healthy balance sheet. Our operations primarily relate to the delivery of project milestones, including the achievement of various technical, environmental, sustainable development, economic and legal objectives, obtaining necessary permits, completion of feasibility studies, preparation of engineering designs, and the financing to fund these objectives.”