Section I: Management Presentation
Good day ladies and gentlemen, and welcome to the NovaGold third quarter conference call and webcast. My name is Whitley and I will be your operator for today. At this time all participants are in listen-only mode. Later we will conduct a question-and-answer session. As a reminder, this conference is being recorded for replay purposes.
I would like to turn the conference over to your host for today, Ms. Melanie Hennessey, Vice President, Corporate Communications. Please proceed.
Melanie Hennessey – Vice President, Corporate Communications, NovaGold
Thank you, Whitley. Good morning everyone, and thank you for joining us today. On today’s call we have Greg Lang, NovaGold’s president and CEO; and also David Ottewell, NovaGold’s vice president and CFO. At the end of the formal part of the presentation, we will take questions both by phone and by email.
Before we get started, I would like to remind our listeners that any statements made today by the management team may contain forward-looking information, such as projections and goals which are likely to involve risks detailed in our various SEDAR filings and in various forward-looking disclaimers included in the third quarter financial release and in this presentation.
With that, I have the pleasure of introducing Greg Lang, NovaGold’s president and CEO. Greg?
Greg Lang – President and CEO, NovaGold
Thank you, Melanie. Hello everyone and thank you for joining us this morning on our quarterly webcast. For those of you who are less familiar with NovaGold, or who have joined us for the first time, the company has two great assets located in North America as shown on slide four. Our 50% owned flagship asset, Donlin Gold, is a year into the permitting and is poised to become one of the largest producers in the gold industry. Galore Creek is also a valuable asset, expected to be one of the largest and lowest cost copper mines in Canada. We intend to sell all or a portion of our interest in Galore Creek and apply the proceeds to the development of Donlin Gold.