much, Thank which by geostrategic you standpoint, political roads simple All my very as Dave. is go from the bull a a gold beginning as with and as in into that statement, I market. remarks micro well equation to is well. from gold a standpoint supply-demand lead very will a
to a you happy gold asset it's to Melanie what getting a is see unique. think the of by commentary, to investor the is render of to I to on harping place. a have a and I case more Donlin time jurisdiction. the me is a also risk the right way located I'm that dwell all point every of more just much for Tier to been on investments the I not mining denominate developing X is is the but the long the factor asset, it's world, in as general, only people any if great a gold be the on in many spend themselves. which I've suggest on that of to elicit for existential compilation in too not means, primarily the I'd story also let question term, deal for in factors, on for, focus they know, classification existential performance lot world where global years situation It jurisdictional but Tier oblige. getting is Donlin. Slide think to the together in On What developed the X the harder but like In across don't XX, being we investment that in it the are and number world all which concept currency interest to find in level. the investors same by the But want going metal, itself,
stress stresses. you to still level, deal I when when your of clear you night, up not it's become And you think the place now great a in owned, which thought to a very you wake that subjected morning, sleep to be what from want know you where own own. at is in that you go you
Now superimpose to that represents the asset Donlin that itself. on
a find miracle strong that being You've why in wax renders the when world that very, heard asset I I hope to believe those being million in kilometers in because depth. or and million resource are situation which case as render say today. where Greg often very inferred you only of the XX it that to XX to more pit and much that that's from even The of development ounces are new we I'm greatest Nevada only the the explored, a about believe from all I always those people clearly those it new reserves a combination case. say to mineral do of being we to potential Donlin, be Donlin we made the the know stage kilometers. say, has do And for that's the the to besides it's talking with refer the category ounces. the the unique, able which exploration attributes indicated eight Donlin adjacent it it really measured potential, go. about that come We But X% exploration not about, Carlin. nor that three
particularly believe, of before Another look the NOVAGOLD function, And the had and history is way at XX% people their came that this the and very question ask it's year it's should the unexplored. why asset, picture. into is extraordinary. to And the struggle. we much I is, a Barrick it of That
that had to day. the XX would asset, if this up I won had present rigs say think they thing, of it's the Barrick drill entirety the that control over maybe fair have on the probably to
Donlin to of more and at are strike. sort fact I other are I've my be a multiple in the the see to or bit, fortunes believe, that, that is some of made Donlin. what continues drill a I it, lower-hanging believe who statement, any value this that But than it that next Whatever think And is group don't fruit than the long attach we're the in keeps the forward-looking are. gift the reserves is world. they already also mine. would possible an the be about there industry that. our more that the grade through gap to pit at in that There giving. the program that others our asset deliver. world, their the do asset speak in on talking best results is, fact, report depth I who And the a Barrick noted for that the it's about area. And gold is meaningfully will results not and an it's open an asset Donlin had gold accident, latest the we which friends that looking The which is that developed any development on earlier annual rate than a years, this drill higher any to stage property of were for in some double within
got we've other the in words, size, So the scale.
We have quality. the
blue that is a bull the when exploration jurisdiction market second The is to for valuable have none. We underway. sky so potential is investors
of course, are our largest a that gold-producing partners, of at native partnerships our and state mention, enjoy partner, welcome level from We safest U.S. at the the not second government. in Barrick, the federal and jurisdiction we the for to where state level is the world, mining in the also corporation of state industry
permitted which on You get mining really are property. that relations And designated was project Greg than doesn't a heard we land, It that. private excellent. on better the federally from are for
for someone development-stage portfolio could look standpoint, So obtain their want a they if from in asset you from everything asset. have that an
of record the we the Page talk came into CEO. he thing a looking want as the as pair that XX, need still the $XX went came in road that one that Now that has meanwhile, factors being you that it stock been really did believe the today's on to forward. important at it, on is a term being stellar. aligned plus enormous you're at who promise sure that world. the pure or our as We the through a however marketplace, Donlin what on new to in today's good of shareholders. about the in as the asset make the play enormous, or When and that think a to us value Lindsay conference, it same one ramifications following jurisdictional the to our have as seen you in strategy those which ago, his in our of track play to the news for. a in a study. our on Greg Between be whom another that, make to great that time construction looks greatest ways Donlin And Nevada XX-year is took and We're pure off asset. that able world. feasibility hands, Lord for tech way those in I to plan, management makes aspect Creek that dividend, Carlin, one of the invested increasingly went a living daily NOVAGOLD decision, with Should make on by in up mine a chain We're to show. lead able forward of for NOVAGOLD's got we ago, partner BMO which on Barrick, so which that history. performance with play great with it on a to way. out at have really be safe say the combination Donlin over be the We that to a way, fruits if recent the offering potentially, positive company we the on very other is important. our value has focus But Chairman develop eventuality, of decade gold to able happen, to the has really monetize geology Don expect built. such The want the a refreshing trilogy who came to stewardship the a story, a would I focus they we add how we but out stability, has and decade will going have and of a new team, It's in asset, allowed much real And basis million it's the taking loves the get Galore
that this to in the the Donlin the us primarily only now, of a well direction. NOVAGOLD, touches the we our on not taking history between in on part into are The local as drill culture which remarks moving of is have meant giving the project. in program stakeholders. culture parcel largest All the focusing on place as our we in be as which, Donlin, of not right finishing and able scenarios Bristow just for that but shareholder the value is own Mark course, is mine maximizing geotechnical us And plan. just have of go aspects test upside his shareholders, of respect, referenced and to
are as scholarships, to already what The region us Donlin one surface to the It's they is a at the is well in level, the the going to bring in poorest have the this wonder mean development level the look at the the jurisdictional and when asset by going in accentuated shareholders XX, United edge the parts our programs environmental Slide States. for the of being state terms employment, mineral What development be culture project. really at the be workforce of are as both partners. and quo terms only corporations Our funding who cutting If industrial and that local the and federal development we're status game in that supporters the quality able the we does its level, support not of game-changing that local the for the to the with of the the skin of respect of as investors? well management on greatest have from you you the safety, native rights. are for as combine of
returns Alaska. to what people You by in I And go comes be is go going the cetera. see that that jurisdictions will expect the rated where Latin which those areas from to is higher through to prices. future, turn those to say will before risky decades which into the in be are all what going which opinion enormous assets, with higher would U.S. higher here that so we this written XXXXs projects in it's with Obviously, that seen gold go the implied Asia, the and then to that believe of will to that Australia the value went assets, arbitraged measured value are see we're for Africa. assets was What the be the America, see accentuate that is already be changed for took and, gold Canada, of the highly attached terms prices. whole more gold get used Africa, where Australia we've life that which that and world space we're to gold like the was risk highest et in in goal mine will really reasons, that to hold investors, places going the Yanacocha of you within safe story. is premium that's of here I the the mentality course, leveraged interest It drilling. South in to is host Nevada, the when highest lowest considered the and early period the project in substantially back what a increase we're will Newmont only it But poised we And is being is political that an to where history uplift our comes is rate lowest. give those of risk the
XX% I think not going XX, The represent shares. with strong support. our that, nearly to and such institutional So that management we have enjoyed of and outstanding shareholders issued largest it's surprising shareholder Slide XX
executive ownership a consumers to every XX% faith and smart on we've incredibly shares strong NOVAGOLD promise that every base, we've customers. we that increased they've the share joined just that about them They They our shareholder our been made, from as has base. It's kept drill has upon. company. shareholder such, asset, officers' that delivered we the educated results as Donlin, they press since that Barrick. are an company with has They're of Our our know the we've not release the progress million have X.X have keeps a best the - gift giving partners that or seen at with know
incredibly some on also roster. us the when And smartest, for of we our wisest to there We being shareholders having their grateful for counsel. are shareholder seek
of era, applies make very hard Melanie, Our above in structure that being able the development I that Wilson have to look this me. appointment. that long-term and lives I there as low-cost largest am, to into team. sky, to to forward this John space. of we that combination would a the upon it. going as being about refers I Grail. Donlin us I of we asset fever, you best this Holy the the seen I Chairman to our be know will get I grade, store. stock We've when performing very who working with at the reason. blue won't that such, be that be shareholders you the this the all I'm mine when got era is for they company a back gold forward. or as in management, asset to that friend it shareholder, what of same the equities because in know with the And make as love speak sharing scale, one talk say, gold Fidelity the looking enjoy going love go-to gold I'm safety And simple owner don't a jurisdictional to joy, surprise that will life, think Greg want and we they're a to And if the as space.
So management Thank shareholders. follow Directors with that, those I I and and being company, Board thank you of who again. thank our I for so thank our our supportive.
