Today we review NovaGold Resources. What is NovaGold Resources? What does it offer to you as an investor? Are there better alternatives? This is just a few of the questions this review help you answer!
Name of the company: NovaGold Resources
Official Website URL: https://www.novagold.com/
CEO: Greg A Lang
Products: Gold, Gold stocks
In this review, we shall be looking at NovaGold Resources, an outstanding mining company. Its popularity is based on a number of elements that surround its operational effectiveness. Some of the main areas that we shall be scrutinizing include:
– What is NovaGold?
– How does it work?
– What are the main products that it offers?
– Is it a genuine company?
– Which investment opportunities can investors in this company rely on?
– What are the alternatives to these investment opportunities?
– What are the pros and cons of working with this company?
What is NovaGold Resources about?
NovaGold Resources is a well-established precious metals mining company that is engaged with the mining and exploration of gold in North America. This company’s main operations have over the years been based in the Donlin Gold Mine and Galore Creek.
This company has had to consistently seek partnerships with the communities in which its mines are located in order to obtain maximum support to go ahead with its operations. It has, for instance, had to participate in a couple of agreements with the Alaska Native Corporation, in a bid to set up good communication lines with the local residents and the local governments. This has been very crucial in building this company’s key corporate value and in attracting shareholders.
How it works
This company’s main projects are co-owned with other famous gold production companies. The main operations of this company are based in the Donlin Gold Mine that it co-owns with Barrick Gold, one of the largest gold producers in the entire world. NovaGold Resources has a 50% interest in this project. According to the feasibility studies conducted by the mining experts in this company, Donlin Gold has the potential to bring in 1 million ounces of gold on an annual basis for more than 27 years.
This company also had a 50% interest in the Galore Creek, which it sold to Newmont Mining in 2018, for a total of US $275 million.
NovaGold’s operations are run on the basis of the following principles:
– A strong balance sheet
– An accomplished team
– Safe geopolitical environment
– Prolific gold production profile
– Optimization of the production processes
– Supportive Stakeholders
– Owning Tier One Assets
NovaGold Resources activities contribute to the annual gold turnover that is recorded on a global scope. Owing to the rarity of gold as a precious metal, there are very many people who are usually waiting for such a company to complete its production process for them to make a purchase.
In addition to the gold that this company is able to supply to the market, this company is also able to offer stocks that stakeholders can rely on to grow their nest of investments. Since this company co-owns its mining project with Barrick Gold, a major global gold production company, the performance of its stocks is expected to be very impressive.
Investors can purchase this company’s stocks in the following major exchanges:
– Toronto Stock Exchange-traded under the ticker NG
– NYSE- traded under the ticker NG
This company’s stocks are also a component of the Russell 2000 Index, which is quite a stable investment asset.
Is it a genuine company?
NovaGold Resources is a very genuine gold production company. Some of the main elements that we can attach this genuineness to include:
– It co-owns the Donlin Gold Project in conjunction with Barrick Gold which is a very popular gold production company. For a company of its kind, Barrick Gold would only get into deals with genuine companies that offer genuine products.
– Its stocks are listed in TSX and NYSE
– You can follow up on the performance of this company’s stocks on Yahoo Finance
NovaGold offers investors the opportunity to put their money into stocks and one very popular index. With the right knowledge and execution tactics, it is possible for an investor to make an impressive amount of income over a defined timeframe.
Alternatives to NovaGold Resources
I am not an avid fan of gold stocks, owing to the fact that they are very unstable investment assets. If you have been following up keenly on stocks trends, you can agree with me that they are delicate assets that are affected by market forces which you, as an investor, may have zero control over. Which is the reason I recommend that you invest in physical gold through gold IRA Company that has well-defined operations such as GoldCo that are highly rated and seeks to help you secure your physical gold investment which you can cash out over a long time horizon.
If you are not interested in buying and holding gold through a gold IRA, then you can trust a valuable source of information to help you invest in mining stocks. My best recommendation, in this case, is Resource Insider, which is Capitalist Exploits flagship product that presents you with very timely tips on valuable private mining investment deals.
Think about it:
You may have already seen what happens to stock prices every time there is a major economic crisis. Investing in physical gold through a gold IRA will present you with a list of many benefits, including the professional services of the custodians who guide you on how to structure your portfolio.
With a company such as GoldCo, for example, you can invest in an IRA.
I also want to recommend Resource Insider as they let you invest like a Mining Magnate without you having to be one… If you want to profit from the mining industry and get (huge value) insider info.
Both of the companies mentioned here also offer other services that you as an investor might find very beneficial so it might be a wise thing of you to have a look at both of them and take advantage of their great FREE services to start with.
Our #1 recommendations (best of both worlds) below:
Pros and cons
It is always wise (and recommended) to compare the positives against the negatives to get a better overall view of something. As always in our reviews, we provide you with some clear points on both sides of the spectrum:
– Co-runs its activities with Barrick Gold which is a huge player in the industry
– Excellent operations strategy
– Offers an index for investors to purchase
– Works in partnership with local communities
– Gold stocks prices are very erratic
Do You Own or represent NovaGold Resources?
If you are a representative, or associate of NovaGold Resources and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to email@example.com.
Final words and verdict
Overall rating: (4 / 5)
Ok, I think that sums up the overall view of NovaGold Resources pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.
You can find the best from 2 worlds that we can recommend below:
I hope you found this short review of NovaGold Resources to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com