Nova Gold Stock (NYSE-AMEX, TSX: NG) is engaged in precious metal exploration in North America. They currently are dedicated to launching their two primary gold producing properties that they are developing. These are called Donlin Gold and Galore Creek. Donlin Gold is estimated to produce approx. 800,000 ounces of gold per annum while in production. Galore Creek is anticipated to produce over 200,000 ounces of gold annually.
The president & CEO of Novagold is Rick Van Nieuwenhuyse. The CEO founded Novagold in 1998 with the goal of creating a mid-level gold producing company. There mission statement is build around four principles:
1. Identify high-quality assets and make strategic, timely acquisitions
2. Use exploration expertise to expand existing deposits
3. Advance the projects to a feasibility level to bring reserves to the Company and value to shareholders
4. Create strong partnerships with well-respected senior producers to advance the projects to production.
Currently the company is focused on gold exploration and mining development of precious metal properties in Alaska and Canada. These properties also contain large amounts of silver and copper deposits. At the time of this writing it is believed that Galore Creek and Donlin Gold are in the best three percent of worldwide gold deposits.