However, rising gold prices are not a given and the shareholders may not necessarily benefit. The problem in making a long term bet on a commodity price is that you can end up being totally wrong. The price of gold, like any commodity, is a result of the demand and supply of the physical material. [...]
NG – NovaGold Resources Inc.
NovaGold Resources Inc. engages in the exploration and development of mineral properties primarily in Alaska, the United States and British Columbia, Canada. The company primarily explores for gold, silver, copper, zinc, and lead ores. It primarily holds interest in the Donlin Gold deposits located in southwestern Alaska covering an area of approximately 81,361 acres. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc. in March 1987. NovaGold Resources Inc. was founded in 1984 and is headquartered in Vancouver, Canada.