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Stock impact report

NovaGold (NG) Hits New All-Time High as Preps Underway for One of World's Largest Gold Mines [Yahoo! Finance]

Novagold Resources Inc. (NG) 
NASDAQ:AMEX Investor Relations: novagold.com
Company Research Source: Yahoo! Finance
NovaGold extended its winning streak to a fifth consecutive day on Wednesday to hit a new all-time high as investors cheered the start of work for one of the largest open-pit gold mines in the world. In intra-day trading, NovaGold Resources Inc. (NYSEAmerican:NG) soared to its highest 52-week price of $10.15 before paring gains to end the day just up by 15 percent at $10.12 apiece following the release of its third-quarter business and earnings update. NovaGold (NG) Hits New All-Time High as Preps Underway for One of World's Largest Gold Mines Pixabay/ Public Domain According to the company, work is now underway for the Donlin Gold mine project in Alaska, having already requested feasibility study proposals from top-tier engineering firms qualified for the project, while also building its workforce. It said it expects to award the contract before the end of the year and begin construction next year, with the development expected to take 18 to 24 months. Meanwhile, NovaGold Show less Read more
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