Novagold Resources Inc. has released its 2024 sustainability report, emphasizing its environmental, social, and governance (ESG) performance and aligning with the recommendations of the Taskforce on Climate-Related Financial Disclosures (TCFD) and Taskforce on Nature-Related Financial Disclosures (TNFD).
In the report, Novagold highlights its ongoing commitment to environmental responsibility, strong health and safety record, community investments, and stakeholder interactions. The company's President and CEO, Greg Lang, expressed confidence in the company's progress and its evolving ESG practices.
One of the key focuses of the report is the Donlin Gold project, in collaboration with the project’s Alaska Native Corporation landowners, to deliver lasting economic and social benefits to the Yukon-Kuskokwim (Y-K) region through responsible development.
Novagold's transparency is evident in its commitment to responsible governance, with the company's annual sustainability reports reflecting key metrics since 2020. The 2024 sustainability report is available on Novagold’s website.
The Donlin Gold project, in Alaska, is a significant focus 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.
Alaska received an AA rating, ranking 13th globally on the investment risk index, making it one of the safest mining jurisdictions in the world.
The report also includes specific resource and reserve data for the Donlin Gold project, aligning with NI 43-101 and S-K 1300 standards.
The market has reacted to these announcements by moving the company's shares -1.81% to a price of $4.35. For the full picture, make sure to review NOV's 8-K report.
