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A healthy treasury.
NOVAGOLD’s cash position, with more guaranteed and potential payments from the sale of Galore Creek yet to come, is the envy of our space.
treasury
budget forecast
anticipated expenditures disclosed on January 23, 2019†
$ 167M
2018
$100
M
over the next five years
$ 24M
2019
$ 75
M
upon construction approval
cash and term deposit balance on November 30, 2018
proceeds from the sale of Galore Creek*
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* Formerly 50%-owned by NOVAGOLD. Deferred compensation on sale of Galore Creek includes $100M;
$75M on earlier of PFS or 3 years no later than July 27, 2021 and $25M on earlier of FS or 5 years no later than July 27, 2023.
† Budget includes $13M Donlin Gold and $11M G&A.