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0 -7.59013282732364E-05 0.00332068311195447 -0.0198576850094877 -0.0161290322580645 -0.0180265654648958 -0.0156546489563568 -0.0113851992409868
Stock impact report

NovaGold Resources' Donlin Gold LLC Signs a Non-Binding Natural Gas LOI with Glenfarne Alaska LNG [Yahoo! Finance]

Novagold Resources Inc. (NG) 
NASDAQ:AMEX Investor Relations: novagold.com
Company Research Source: Yahoo! Finance
All five analysts covering NovaGold Resources Inc. (NYSE:NG) have rated it a Buy, with a median price target of $12.50, implying an upside of approximately 24% as of January 9. Over the past six months, NG shares have soared by over 127%. On January 8, NovaGold Resources Inc. (NYSE:NG) reported that Donlin Gold LLC has signed a non-binding Letter of Intent (LOI) with Glenfarne Alaska LNG for a natural gas and power supply arrangement for the Donlin Gold mine project in Southwest Alaska. NovaGold holds a 60% stake in Donlin Gold LLC, while Paulson Advisers holds a 40% stake. According to the LOI, Glenfarne Alaska will supply up to 50 million cubic feet of natural gas per day, supporting the development and construction of the Donlin Gold pipeline. The pipeline stretches from Southcentral Alaska to the mine site and will power the plant to supply electricity to the mine. Greg Lang, NOVAGOLD's President and CEO, said: ”Powering Donlin Gold with natural gas from Alaska LNG could of Show less Read more
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