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NG Novagold Resources Inc

3.50
-0.08 (-2.23%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Novagold Resources Inc AMEX:NG AMEX Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.08 -2.23% 3.50 3.59 3.50 3.58 1,851,472 00:35:20

NovaGold to Transfer Rock Creek as Part of Focus on Dolin Gold

11/06/2012 2:58pm

Dow Jones News


Novagold Resources (AMEX:NG)
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     By Carolyn King 
 

NovaGold Resources Inc. (NG) will transfer its Rock Creek property in Nome, Alaska to Bering Straits Native Corp. in order to focus on its 50%-owned high-grade Donlin Gold project in the state.

Terms weren't disclosed. Bering Straits Native Corp. is owned by Alaskan Natives.

NovaGold said the divestiture will allow it to focus on advancing Donlin Gold, which it owns jointly with Barrick Gold Corp. (ABX), toward permitting. NovaGold considers Donlin Gold a key asset because it's expected to be one of just a handful of gold mines worldwide that produces more than 1 million ounces of gold annually.

Write to Carolyn King at carolyn.m.king@dowjones.com

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