NovaGold reports smaller Q1 loss, continues to advance Donlin project


NovaGold (NG) +3.8% premarket after reporting a $0.03/share loss for its Q1 vs. a $0.05 loss in the year-ago quarter.

NG says it is making progress in key Donlin Gold permitting areas, including pipeline, water management, air quality, dam safety and wetlands.

Says Donlin has key attributes in building one of the industry's most important mines: a 39M oz. deposit; an average grade of 2.2 g/metric ton, one of the highest in the world among large projects under development; and a favorable location in Alaska.

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