NOVAGOLD Taps Fluor for Donlin Gold Feasibility Study as Project Advances
Event summary
- NOVAGOLD and Paulson have selected Fluor to lead the Bankable Feasibility Study (BFS) for the Donlin Gold project in Alaska.
- The BFS is expected to be completed in 2027, with detailed schedule and budget to be released in coming months.
- Fluor will integrate workstreams from Specialist Contractors and coordinate key infrastructure components like power plant and natural gas pipeline.
- Donlin Gold project holds approximately 40 million ounces of gold in Measured and Indicated Mineral Resource categories.
The big picture
The selection of Fluor as the lead engineering firm for Donlin Gold's Bankable Feasibility Study marks a critical step in advancing one of the largest high-grade gold deposits globally. This move comes as mining companies increasingly rely on specialized partners to navigate complex, large-scale projects in challenging environments. The project's scale—with over 40 million ounces of gold and anticipated annual production exceeding one million ounces—positions it as a potential cornerstone asset in the U.S. gold mining sector.
What we're watching
- Execution Risk
- Whether Fluor can deliver the BFS on schedule and within budget, given the project's complexity and remote location.
- Project Financing
- The pace at which NOVAGOLD and Paulson secure financing following completion of the BFS in 2027.
- Operational Readiness
- How effectively NOVAGOLD builds its owner’s project team and advances site activities to support detailed design and BFS integration.
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