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The themes Novagold Resources is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.
Highest-graded in Gold
Graded A or B and worth $2B or more: A first, then the largest.
AEMAgnico Eagle Mines Limited$89.2BA+
BBarrick Mining Corp.$63.4BA+
WPMWheaton Precious Metals Corp.$59.9BA+
FNVFranco Nevada Corp$47.8BA+
AUAngloGold Ashanti plc$44.2BA+
Grade rose recently in Materials
Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.
FCXFreeport-McMoRan Inc.Nov 6, 2026CAGraded C, now A
NUENucor CorporationOct 26, 2026CBGraded C, now B
STLDSteel Dynamics, Inc.Oct 20, 2026CBGraded C, now B
CFCF Industries Holdings, Inc.Nov 4, 2026CBGraded C, now B
AAAlcoa Corp.Oct 29, 2026BAGraded B, now A
How it makes money
- No operating revenue
Competes with
What it stands on, and what could break it
What the business leans on
- 1Donlin Gold depends on cooperation with Paulson, its co-owner; the owners share governance.
- 2The company depends on access to additional financing to keep advancing Donlin Gold and to fund later development work.
- 3The project depends on permits remaining in place and on ongoing court and agency reviews being resolved.
- 4Building the mine depends on major infrastructure, including planned power, pipeline, port and road facilities.
What could go wrong
- 1NOVAGOLD has never commercially produced precious metals. Donlin Gold may not be built or may not produce gold profitably, and continued work and construction require substantial financing.
- 2NOVAGOLD shares governance of Donlin Gold with Paulson despite having a larger economic interest; disagreement or a lack of cooperation could hinder project decisions and development.
- 3Donlin Gold faces ongoing legal and environmental review of its permits, including a supplemental review of a potential release from its tailings storage facility. Delays or changes to permits could delay or prevent development.
About Novagold Resources Inc.
NOVAGOLD is a gold exploration and development company focused on the Donlin Gold project in Alaska. It co-owns the project with Paulson and shares project governance with it. NOVAGOLD does not produce gold or earn operating revenue; it is advancing mine planning, engineering, permitting and a detailed study of whether and how to build the mine.
- Head office
- Vancouver, British Columbia, Canada (corporate office); Salt Lake City, Utah, United States (executive office)
- Founded
- 1984 (incorporated, high confidence)
- Financial year ends
- November 30
Built from Novagold Resources Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.
