NOVAGOLD files lawsuit against research firm

Gold & Silver

Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here!

image(Kitco News) – NOVAGOLD said Tuesday that it served J Capital Research with a civil action lawsuit for defamation in the United States District Court for the Eastern District of New York.

NOVAGOLD alleges the report contained false and misleading statements as part of what the company believes to be a “short and distort” attack.

J Capital Research issued a report in late May stating that the mine had too many technical hurdles to be built.

Donlin Gold is considered one of the largest known open-pit gold deposits in the world. If built the mine could produce an average of more than 1 million ounces annually over a 27-year mine life.

Leave a Reply

Your email address will not be published. Required fields are marked *