Novagold Resources Inc. has just released its 2023 sustainability report, showcasing its environmental, social, and governance (ESG) performance. The report emphasizes the company's remarkable health and safety records, steadfast dedication to environmental protection, continuous community investment, extensive stakeholder engagement, and robust corporate governance. Novagold's President and CEO, Greg Lang, highlighted the company's commitment to advancing the Donlin Gold project for the benefit of stakeholders and shareholders.
In terms of environmental stewardship, Novagold is focused on advancing the Donlin Gold project while adopting a long-term approach to sustainability. The report states that the company's continuous efforts to advance the project are fortified by strong partnerships with Calista Corporation and The Kuskokwim Corporation (TKC) to deliver economic and social benefits to the Y-K region through environmentally responsible development.
The report also underscores Novagold's unwavering focus on sustainable development and collaboration with local communities to minimize environmental impacts and stimulate economic growth. Since 2020, the company's annual sustainability reports have highlighted significant achievements and dedication to responsible business practices and governance.
From a financial perspective, the Donlin Gold project is a significant asset for Novagold, with approximately 39 million ounces of gold in the measured and indicated mineral resource categories. The project is expected to produce an average of more than one million ounces per year over a 27-year mine life on a 100% basis once in production.
Novagold's sustainability report is aligned with the Global Reporting Initiative (GRI) framework and includes the company's Task Force on Climate-Related Financial Disclosures (TCFD) report. The report is available on Novagold's website.
Today the company's shares have moved -0.3% to a price of $3.06. For more information, read the company's full 8-K submission here.
