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NovaGold Resources Inc.

12:01 PM EST - NovaGold Resources Inc. : says it will spend US$40 million more than planned to complete construction of its Rock Creek project in Alaska, its first producing mine. NovaGold said the total capital cost estimate, including startup and working capital of the mine, is expected to be about US$120 million. NovaGold Resources Inc. shares T.NG are trading down 4 cents at $16.37.