First Eagle Amends NOVAGOLD Stake as of Dec 31, 2023

TL;DR

**First Eagle updated its NOVAGOLD holdings, showing continued institutional interest.**

AI Summary

First Eagle Investment Management, LLC, a Delaware-based investment firm, filed an amended Schedule 13G/A on February 9, 2024, indicating its ownership of common shares in NOVAGOLD RESOURCES INC. This filing updates their previous disclosure, reflecting their position as of December 31, 2023. This matters to investors because it shows a significant institutional investor's continued, or potentially adjusted, stake in NOVAGOLD, which can influence market perception and liquidity.

Why It Matters

This filing reveals that First Eagle Investment Management, a major institutional investor, continues to hold a position in NOVAGOLD RESOURCES INC, signaling their ongoing interest in the company's prospects.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor and does not indicate any immediate significant risk or opportunity.

Analyst Insight

An investor should note that a significant institutional investor, First Eagle Investment Management, continues to hold shares in NOVAGOLD. While this filing doesn't disclose specific changes in share count, it confirms their ongoing interest as of December 31, 2023. Investors might consider this a positive signal of institutional confidence, but should also research First Eagle's investment thesis and NOVAGOLD's recent performance.

Key Players & Entities

• First Eagle Investment Management, LLC (company) — the reporting person filing the SC 13G/A
• NOVAGOLD RESOURCES INC (company) — the issuer whose securities are being reported
• State of Delaware (company) — place of organization for First Eagle Investment Management, LLC
• December 31, 2023 (date) — date of event requiring the filing
• February 9, 2024 (date) — date the SC 13G/A was filed

FAQ

From the Filing

0001325447-24-000021.txt : 20240209 0001325447-24-000021.hdr.sgml : 20240209 20240209125020 ACCESSION NUMBER: 0001325447-24-000021 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NOVAGOLD RESOURCES INC CENTRAL INDEX KEY: 0001173420 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80075 FILM NUMBER: 24613601 BUSINESS ADDRESS: STREET 1: 201 SOUTH MAIN STREET 2: SUITE 400 CITY: SALT LAKE CITY STATE: UT ZIP: 84111 BUSINESS PHONE: 801-449-9328 MAIL ADDRESS: STREET 1: 201 SOUTH MAIN STREET 2: SUITE 400 CITY: SALT LAKE CITY STATE: UT ZIP: 84111 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: First Eagle Investment Management, LLC CENTRAL INDEX KEY: 0001325447 ORGANIZATION NAME: IRS NUMBER: 571156902 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 212-698-3300 MAIL ADDRESS: STREET 1: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 FORMER COMPANY: FORMER CONFORMED NAME: Arnhold & S. Bleichroeder Advisers, LLC DATE OF NAME CHANGE: 20050429 SC 13G/A 1 ng12312313ga.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 1) (RULE 13d-102) Information to be included in statements filed pursuant to Rule 13d-1 (b) (c) and (d) and Amendments thereto filed pursuant to Rule 13d-2 (b). Novagold Resources Inc (Name of Issuer) Common shares (Title of Class of Securities) 66987E206 (CUSIP/SEDOL Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1 (b) [ ] Rule 13d-1 (c) [ ] Rule 13d-1 (d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13G/A Issuer: Novagold Resources Inc CUSIP No.: 66987E206 1 NAMES OF REPORTING PERSONS First Eagle Investment Management, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware NUMBER OF SHARES 5 SOLE VOTING POWER - 18,713,936 BENEFICIALLY 6 SHARED VOTING POWER - 0 OWNED BY EACH 7 SOLE DISPOSITIVE POWER - 18,713,936 REPORTING PERSON 8 SHARED DISPOSITIVE POWER - 0 WITH: 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,713,936 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES N/A 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 5.60% 12 TYPE OF REPORTING PERSON IA SCHEDULE 13G/A Issuer: Novagold Resources Inc CUSIP No.: 66987E206 ITEM 1 (a) Name of Issuer: Novagold Resources Inc (b) Address of Issuer's Principal Executive Offices: 201 South Main, Suite 400 Salt Lake City, UT 84111 ITEM 2 (a) Name of Person Filing: First Eagle Investment Management, LLC (b) Address of Principal Business Office: 1345 Avenue of the Americas New York, NY 10105 (c) Citizenship: Delaware, USA (d) Title of Class of Securities: Common Stock (e) CUSIP No.: 66987E206 ITEM 3 If this statement is filed pursuant to Sections 240. 13d-1(b), or 240.13d-2(b) or (c), check whether the perso