NovaGold Resources Inc. announced that it has awarded engineering contracts to WSP USA, Worley Alaska, and Hatch Ltd. for the design of key infrastructure components of the Donlin Gold project, a large undeveloped gold deposit in Alaska.
The contracts cover the design of a 215‑MW on‑site dual‑fired power plant, a 316‑mile buried natural‑gas pipeline from Cook Inlet to the project site, and a pressure‑oxidation circuit and oxygen plant that will support the refinery’s refractory‑gold processing.
Fluor Corporation will serve as the lead engineering firm, coordinating and integrating the specialist contractors for the bankable feasibility study (BFS) that is targeted for completion in 2027, after which NovaGold will seek a construction decision.
The engagement of top‑tier engineering firms signals confidence in the project’s technical and economic viability and moves the project closer to securing the financing required for construction. The BFS is a critical milestone that will de‑risk the project and provide the data needed to secure the substantial capital that will be required to bring the mine into production.
Investors have remained cautious amid broader market volatility, with gold price swings and macro‑economic factors such as U.S. dollar strength influencing sentiment. The announcement was viewed as a positive step, but the market reaction was tempered by these wider conditions.
Greg Lang, NovaGold’s President and CEO, said, 'We are assembling a world‑class team to advance Donlin Gold, and WSP, Worley and Hatch are integral to that effort. Each firm brings deep experience delivering complex, large‑scale infrastructure projects with a strong commitment to safety and execution discipline. Their respective expertise enhances our capability to advance the development of what is expected to become one of America's largest gold mines, while maintaining our focus on responsible development and long‑term value creation.'
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