NovaGold says it plans to release the results of an updated mine plan for its Galore Creek project in northern B.C. in the second quarter of this year that will use higher copper and gold prices than previous studies.
Gold, trading in the mid-$600 US level in 2007, has run up over the $1,000 mark. Copper, which had dropped to the $1 US level per pound by the end of 2008, rebounded to the $3 level last year.
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