NovaGold Advances Donlin Gold Study And Funding Options For Investors [Yahoo! Finance]
Fluor Corporation (FLR)
Last fluor corporation earnings: 10/31 06:55 am
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US:NYSE Investor Relations:
investor.fluor.com/node/5806
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Source: Yahoo! Finance
NovaGold Resources (TSX:NG) and its partner have initiated a Bankable Feasibility Study for the Donlin Gold project, with Fluor Corporation leading the work. Major engineering contracts tied to Donlin Gold have been awarded, signaling a new phase of technical and project planning activity. The company has entered into a partnership with Glenfarne Alaska LNG to assess potential natural gas supply for the proposed mine. NovaGold Resources, through the Donlin Gold project in Alaska, is focused on advancing a large scale gold mining opportunity with support from established engineering partners. For investors tracking TSX:NG, the combination of a Bankable Feasibility Study and awarded contracts provides additional detail on how the project might be built and powered. These steps can influence how lenders and potential partners review the project, since feasibility work, engineering detail, and potential gas supply options feed directly into cost and schedule assumptions. As more
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