The project will last an estimated 27 years, providing jobs to thousands of people and many millions of dollars in taxes to the state of Alaska. Read more about the project here.
Donlin Gold is led by General Manager Andy Cole, a former Executive Director of Barrick who has extensive experience in the mining industry, and staffed by a wide range of scientists, engineers and laborers. In several years, after the project completes the permitting process, we will expand our crew for construction, then operation, of the mine.
We have been conducting environmental studies of the region and planning the engineering of this project for more than 20 years. At Donlin Gold, we are determined to be the industry leader in safety and the example of the right way to develop Alaska’s resources.
NovaGold Resources Alaska Inc. is a subsidiary of NOVAGOLD RESOURCES Inc. NOVAGOLD Resources Inc. is a well-financed, precious-metals company engaged in the exploration and development of mineral properties in North America. The company is focused on permitting and developing its 50%-owned flagship property, Donlin Gold, one of the world’s largest known, undeveloped gold deposits.
NOVAGOLD is also committed to maximizing value of its non-core assets and is currently exploring opportunities to sell its interest in the Galore Creek copper-gold-silver project in British Columbia, Canada.
Barrick Gold U.S. Inc. is a subsidiary of Barrick Gold Corporation. Barrick Gold Corporation is the world’s largest gold-mining company in terms of output. It engages in the exploration and development of mineral properties in the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia. It primarily explores for gold, copper and nickel deposits.
The company’s principal properties include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte and Veladero. As of December 31, 2016, it had proven and probable gold reserves of 85.9 million ounces; and proven and probable copper reserves of 11.1 billion pounds.