NovaGold reports second-quarter profit on Ambler spinoff to NovaCopper

The corporate logo of NovaGold Resources Inc. is shown. THE CANADIAN PRESS/HO

July 12, 2012 - 11:06 AM

VANCOUVER - NovaGold Resources Inc. (TSX:NG) said Thursday it earned a second-quarter profit of $94.2 million or 26 cents per diluted share as it spun off its Ambler project in Alaska to a new company called NovaCopper (TSX:NCQ).

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NovaGold reports second-quarter profit on Ambler spinoff to NovaCopper

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