Recent Insider Activity: NovaGold Resources Inc. (USA) (NG)

NovaGold Resources Inc. (USA) (NYSEMKT:NG) insider has recently participated in insider trading activity. 10% Owner, PAULSON & CO. INC. sold 100,300 shares for $ 473,256 via one transaction Feb 11. Another notable insider trading was done by Deisley David on Feb 08, who is the Exec. VP & General Counsel. The insider sold 97,795 shares at an average price of $ 6.35. Moreover, an insider selling of 13,137 shares was carried out by Leathley Gillyeard J., Director, on Feb 04. Following the transaction, the insider now owns 264,535 shares in total. Director MADHAVPEDDI KALIDAS V sold 21,962 shares for $ 115,421 through one transaction Dec 03. Following this sale, this insider’s stake in the company comprises 151,546 shares, priced at $ 689534.3 as of Tuesday.

The stock has experienced a total of 23 insider trades in the past three months. These trades include 8 sell activities and 15 buy trades. Furthermore, over the past 12 months, the stock was traded 62 times by insiders. In 11 of these trades, the insider was a seller while an employee of the company was the buyer in just 51 instances.

NovaGold Resources Inc. (USA) (NG) on January 27, 2016 released its year-end financial results and project update for its flagship 50%-owned Donlin Gold project in Alaska and its 50%-owned Galore Creek project in British Columbia.

Details of the Company’s financial results for the year ended November 30, 2015 are presented in the consolidated financial statements and in the annual report filed on Form 10-K with the SEC that will be available on the Company’s website at www.novagold.com, on SEDAR at www.sedar.com, and on EDGAR at www.sec.gov. All amounts are in U.S. dollars unless otherwise stated and all resource and reserve estimates are shown on a 100% project basis.

In 2015, NOVAGOLD achieved the following:

• Reached a major milestone in permitting Donlin Gold:


• The Corps published the Donlin Gold draft EIS, initiating a five-month public comment period


• Advanced multiple major permits – Section 404, integrated waste and water management permits, reclamation permit


• Received State comments on the air quality permit application with targeted permit issuance in 2017


• Advanced Galore Creek project design:


• Continued optimization of the integrated mining, waste rock and water management concepts


• Awarded generalized tunneling practice study to assess access and material handling; phase 1 is already underway


• Continued in depth engagement with local communities through outreach in Alaska and British Columbia:


• Completed over 30 village visits in the Yukon-Kuskokwim region


• Released 4-part Alaska Video Series featuring the vibrant yet harsh realities of life in the remote communities


• Funded youth initiatives, delivered safety messages & equipment, donated books and sponsored internships


• Participated and volunteered in numerous state-wide and local events, including a children’s literacy camp in Northern British Columbia


• Maintained strong financial position:


• Total spending for our operations and investments in Donlin Gold and Galore Creek was 21% lower than planned


• NOVAGOLD ended the year with $127 million in cash and term deposits, sufficient to complete permitting of Donlin Gold, fund activities at Galore Creek and fulfill other current obligations