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| Melanie Hennessey | VP, Corporate Communications |
| Thomas Kaplan | Chairman |
| Greg Lang | President and CEO |
| David Ottewell | VP and CFO |
| Lucas Pipes | B. Riley FBR |
Thank you for standing by. This is the conference operator. Welcome to the NovaGold Third Quarter Financial Results Conference Call.
As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. now Vice turn President, would to conference I Hennessey, Melanie Corporate Instructions] like the to over [Operator Communications. Please go ahead.
Thank morning, everyone. Good you, Claudia.
of would third At Greg? webcast included forward-looking Kaplan, Donlin to and phone Vice Gold webcast, pleasure in EDGAR We introducing us take On detailed and today’s I the in also you as CEO; that statements have that, to project. disclaimers the goals, such Greg an I and text. quarter three, have Dr. that, President the questions Lang, today we NovaGold's involve risks President SEDAR made Thomas like for and the remind are likely information, NovaGold's and and call Chairman; any will are various slide financial forward-looking on our Lang. and David by this on have our update end Ottewell, call, as participants CFO. and results contain NovaGold's pleased we of With for both filings joined may by NovaGold's presentation. projections stated which Greg and
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and of And be best man investor. company-to-company. and this me a world. Donlin, use that I just to someone that mine from become why try going keep as comes agreed -- found as in common new bond, went very I Chairman. and CEO said he promiscuous don't both in called terms gold who whatever He who's jokingly mine the become saw he said, very, greatest how we So, and is gold to to way, this to to in of Greg the we was I was we and it the an say, Greg not do, mining and the may Aaron to engineer decision win. the been the over a that world. Aaron we the he that up conclusion jumped projects to We an honor decides will all his man company, agreed where agree same we And
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Our from go session. [Operator Pipes We with question will first Securities. Riley Lucas Please question-and-answer begin Instructions] now the ahead. is B.
always unique hear the this tom Hey, truly asset. good And description. of It's the interesting everybody. for history thank really to afternoon, you
drill exceeded ask, to could the significant So, essays he And with results And appreciate that. they initial integrals. model that I multiple maybe high exceptional presentation, expectations? and they more there? what distance little the I to you bit what you. grade about exceed expectations wanted Thank in specifically metrics but your wanted areas -- ask frame the in noted on a
that morning. Good question. I'll take
can on their around. like, grade. high were mine hey, to the opportunity series two Our of extensions life. in and yeah, the New meters, discreetly smaller the grade. you early structures for those you we intrusives rock XX couple focused drill objectives and sediment in known mine carry was has the with X really Model for think up half that we exactly is other that a around looking saw modeling what And know high intrusive like of the project's these come the shallow fingers relatively And we was grade And to as that equipment, where year, to high the enhance this in -- holes one program I our the The a that, grade the through mineralization about the came look would XX, the was hose. nature, grade validate selectively extensions the grade
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you. I Thank said month. additional heard forthcoming and this there you, be you Greg should Thank results you right later
That is correct.
been the laboratories by our turnaround working to staffing through with way year this have caused related But slower issues we're that. Assay COVID. times
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were the and we the year. program of drilling XX% with later assays balance initial next released anticipate Lucas, XX% the the in that all to we time follow we're the about results maybe of getting the
in you And little then at of me speak the Can Greg. about regards development alignment NovaGold question you, bit between one and would today. or Eric go and for Barrick Thank like time Donlin Thanks. a for helpful. the Very this to NovaGold Donlin? that vice on to with framework? appreciate And Would forward that thoughts what example, versa? is develop isn't the risk, any but
to Greg, me take you it? want
fill start you gaps any in And I'll don't Tom? you? Why if
answer. Sure. Look, the from operational an bird's very From will eye provide standpoint, Greg his view.
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be have comes, when candidly, any they don't think love great know to people of how there'll it's the really We are. XXX promoters pound to in who stronger asset the be it And charge mining to build I one do transformative. in when they Donlin is gorilla industry. And the going voice, projects, right. put than the We're they the Barrick but map, on time
their as Let right. better. them of taking far do it the we're They're couldn't Greg? after going as merger, ownership story it concerned, be
results people with Tom. your me you thank To technical question, and are are geologists company exciting for in. very right to Senior the come for North especially company. Well, results is true think Donlin now in it's as she's Gold answer in Chairman regard. day-to-day you And right. really brings Operations involved. very [ph] But tell And a with let [Indiscernible], who Mark. and CEO the exciting the All answer interactions year. their drill with common the any the also And like great that's party to that I geologic-focused see this a And responsibility lot of American Katlyn the is Executive that first
see, feasibility as and people that capable the So, since in is Nice they there. as yeah, to of this is is XXXX involvement that preparation study had I very great would back say probably XXXX.
really best and the perspectives very appreciate Tom of continued Great. Great. I Greg, and helpful luck. you. comments, Thank
you, Thank Lucas.
stock more And it that the on say at one it read and potential current exploration I'll future have fair a the a Donlin? at NG is in to We bet price question out. coming price, additional online. just rise Is gold
no. you Short answer, to-- want Tom,
going surpassing by premium that three Everything gold to indication the we made the is Texas. I stock candidly, undervalued But the behind is, But in good The would was that. back I fact had so That's already where since report permitting, up had. the that we price, happened, because then since as where the doubt in XXs, those teens, those have. put The fuel we longer in on in if the that be, of that a fraud, obviously and we're that rest considerably fire. year view had statements, not short marketplace, no statements. that seen what we that pulling or measure look But the NovaGold we view, our ourselves maybe bit four But regain and or we've catching have us, up, to that rating there it. forward-looking, the should answer the should is have rating, reality I've we that's it think The picked and always higher short securities we stock outperform we handle last to came said no. an been of the the history Adding put that's substantially good why XXs we even is things, now we into want no. when the certainly, and results, any handle the out, with reasons since find over were is of reaffirmation indexes the being we we and we industry. a will premium but hell high merit beyond answer made the all those victim regain stock statements, only was the of -- our just in at reserve made the see if with going don't that thing when the those you
the gold price obviously That's icing stocks prices, really stock saying, think should that's exploration. are so does just be we not higher to more only long -- answer on And where going not be, and today we reflect of all it cake. the
no questions. There Tom. further you, Thank are
call the back hand remarks. I So, closing Greg to for over
Melanie. already you thank It's fairly lengthy Well, call. been
Stay you So, Bye. us for everyone this thank joining safe. morning.
This concludes call. conference today's
and may a day. participating you for You lines. your have pleasant disconnect Thank
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