USD 63.7606

-0.19

EUR 71.1696

+0.04

BRENT 59.66

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AI-92 42.28

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AI-95 46.04

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AI-98 51.75

0

Diesel 46.25

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19

Sad News About NovaGold

Novagold, whose other properties are not yet producing metals...

The American gold mining company NovaGold's shares lost more than half their value on Monday after it announced halting a joint mining project with Teck Cominco in British Columbia.

In late trading, shares of NovaGold Resources were down 52.2%, or $10.57, to $9.67 on the American Stock Exchange.

The companies were halting construction of a copper, gold and silver project in Galore Creek, British Columbia, because of high costs.

Novagold, whose other properties are not yet producing metals, was left with a market value of just under $1 billion.