Novagold Resources Inc. and Donlin Gold Holdings have announced that Fluor Corporation has been selected to lead the bankable feasibility study (BFS) for the Donlin Gold project in Alaska. The BFS, expected to be completed in 2027, will focus on delivering an integrated, high-quality study, with an emphasis on safety, sustainability, quality, cost accuracy, constructability, and execution readiness as the project advances.
Fluor, a global leader in engineering, mining, processing, and large-scale infrastructure delivery, will be responsible for integrating workstreams from specialist contractors, advancing value and cost optimization, and delivering an integrated engineering, cost, and schedule framework.
Requests for proposals were issued in the fourth quarter of 2025 for specialist contractors to cover the power plant, pipeline, and pressure oxidation and oxygen plant scopes of work, which will be incorporated into the BFS. In parallel, management has identified key project requirements and has begun recruiting critical roles to build the owner’s project team, while site activities continue to advance the next phase of development.
The Donlin Gold project, 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, is regarded to be one of the largest, highest-grade, and most prospective known open-pit gold deposits in the world. The project is advancing toward financing and development, with the selection of Fluor marking an important step in its progress. As a result of these announcements, the company's shares have moved -0.89% on the market, and are now trading at a price of $10.00. If you want to know more, read the company's complete 8-K report here.
