This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:NovaGold loses $18.11-million in Q3 fiscal 2009 2009-10-13 15:46 ET - News Release Mr. Don MacDonald reports NOVAGOLD THIRD QUARTER FINANCIAL RESULTS
NovaGold Resources Inc. has released the results of its third quarter ended Aug. 31, 2009. Details of the company's financial results are described in the unaudited consolidated financial statements and management's discussion and analysis which, together with further details on each of the company's projects, including resource estimates, will be available on the company's website and on SEDAR.
Description of business
NovaGold is a growth-focused precious metals company engaged in the exploration and development of mineral properties in Alaska, United States, and British Columbia, Canada. The company conducts its operations through wholly owned subsidiaries, partnerships, limited liability companies and joint ventures. Since 1998, the company has assembled a world-class portfolio of projects, with 50-per-cent interests in two of the world's largest gold and copper-gold projects, 100 per cent of the Rock Creek gold mine and other exploration-stage properties. The company is primarily focused on gold properties, some of which also have significant copper and silver resources. With senior operating partners contributing their construction and operating expertise, NovaGold's projects offer lower risk and higher potential value than many other small mining companies can provide. In addition, all of NovaGold's current properties are located in Alaska and British Columbia, regions with a long history of mining, established permitting standards and governments supportive of resource development, offering investors leverage to gold with low geopolitical risk.
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