Dahlman Rose Comments On Novagold Resources (NG)

Dahlman Rose provided color on NovaGold Resources NG in a research report published today. Dahlman Rose has previously given NovaGold Resources a Hold rating. In the report, Dahlman Rose states, "NovaGold Resources has completed the PEA for its 100%-owned Ambler (Cu-Zn-Au-Ag) project located in northwest Alaska. The processing plant consists of a conventional flotation circuit used for producing Cu, Pb and Zn concentrates, and producing an average of 67MM lbs of Cu, 80MM lbs Zn, 12MM lbs of Pb, 11Koz of Au and 866Koz of Ag annually." Shares of NovaGold were trading at $13.38 at the time of posting, down 1.55% from Wednesday's market close.