Donlin could be the world’s largest gold mines

Alaska is the second largest gold-producing state in the U.S. noted Greg Lang, president and CEO of NOVAGOLD. He says NOVAGOLD is focused on its Donlin Gold project in that state.

NOVAGOLD says that Donlin is “positioned to be one of the world’s largest gold mines,” with 39 million ounces in measured and indicated mineral resources at an average grade of 2.24 grams per tonne.

The project is a 50-50 partnership with Barrick Gold. Donlin is located in western Alaska, about 300 km from Anchorage.

“Most of the mining projects in Alaska need infrastructure to get going. That’s a big part of the capital cost…because there’s no roads in that part of the state,” said Lang adding that the bulk materials will come in on river barges

Coverage of 2022 Precious Metal Summit Zurich is sponsored by Inventa Capital.