Nobody downloaded yet

Legal and Ethical Actions of NovaGold Resources Inc - Term Paper Example

Comments (0) Cite this document
In the report “Legal and Ethical Actions of NovaGold Resources Inc,” the author analyzes a company doing exploration activities in the field of precious metals and necessary development of mineral properties in Alaska, Canada, British Columbia and the United States…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.6% of users find it useful
Legal and Ethical Actions of NovaGold Resources Inc
Read TextPreview

Extract of sample "Legal and Ethical Actions of NovaGold Resources Inc"

Download file to see previous pages Similar class action lawsuits were also filed in the Supreme Court of British Columbia and in the Ontario Superior Court of justice in Canada. The $28.0 million settlement was covered by insurance companies and the company did not have to payout from own resources under the terms and conditions. (Marketwire 2011) NovaGold commenced environmental studies in 1996, which consisted of Meteorology, wetlands delineation related to mineral resource estimates, aquatic studies in the main drainages, water quality studies, and some waste rock characterization. This was further expanded to terrestrial wildlife and avian surveys, detailed aquatic studies, ambient air monitoring and cultural site surveys. NovaGold is equipped fully to overcome any challenges, even though it may require more time and with the progress of work, it will start showing in the share price. NovaGold clearly understands its community responsibilities and following all environmental norms would work to get all necessary permits to make the project most successful and only one of its kind in the world. (Safehaven 2010) Stocks of NovaGold are traded on NASDAQ, AMEX, and New York Stock Exchange. Revenue and Income From the latest results available for the year ended Nov 30, 2010, of NovaGold Resources Inc., it is seen that revenue has fallen to C$0.6M. Surprisingly, cost of goods sold has not gone down proportionately and it has remained at C$46.3M. Losses have gone up to the tune of C$-203.5M. (NovaGold Financials 2010) Basic Financial Ratios & Industrial Comparison Return on Assets: Net Income/ Total Assets stands negative at -5.17%, on industrial comparison it stands as the 60-80th percentile. A. Return on Capital: Given as after-tax operating income by the book value of invested capital and that comes to -5.55%, on industrial comparison it stands as the 60-80th percentile. B. Return on Equity: Net Income/Shareholder's Equity stands at -34.48%, on industrial comparison it stands as the 40-60th percentile. Credit Ratios: A. Current Ratio: given by Current Assets/Current Liabilities stands at 5.3 times; on the industrial comparison, it stands as the 60-80th percentile. B. Quick Ratio: given as Current Assets-Inventory/Current Liabilities stands at 5.1 times; on the industrial comparison, it stands as the 60-80th percentile. Margin Ratios: A. Gross Margin: given as Revenue-Cost of goods sold/Revenue that stands at -7631.22%, on industrial comparison it stands as the 0-20th percentile. B. EBITDA Margin: -9295.16%, on industrial comparison it stands as the 0-20th percentile. Debt-Equity Ratio: Total Debt/ Total Equity stands at 20.5, on industrial comparison it stands as the 60-80th percentile. Total Liabilities/Total Assets: 23.8, on industrial comparison it stands as the 60-80th percentile. (NovaGold Resources) Sales Forecast: NovaGold is a company doing exploration activities in the field of precious metals and necessary development of mineral properties in Alaska, Canada, British Columbia and the United States. The Company spearheads its operations through wholly owned subsidiaries, partnerships, and joint ventures. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Legal and Ethical Actions of NovaGold Resources Inc Term Paper”, n.d.)
Retrieved from
(Legal and Ethical Actions of NovaGold Resources Inc Term Paper)
“Legal and Ethical Actions of NovaGold Resources Inc Term Paper”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Legal and Ethical Actions of NovaGold Resources Inc

Legal/Ethical Issue

...? Sexual Harassment Sexual Harassment The work environment is usually surrounded with a number of legal and ethical issues. These issues usually have either positive or negative impacts not only to the individual employees but also on the overall performance of the organization. Therefore, it is advisable that any organization should have legal and ethical policies that guide the management and employees towards complying with legal and ethical requirements (Key, 1998). One of the main ethical issues that relate to work environment is sexual harassment. Various studies have shown that sexual harassment is one of the most...
10 Pages(2500 words)Research Paper

Legal and Ethical Considerations

...? Legal and Ethical Considerations Legal and Ethical Considerations Contractors are supposed to provide the required services to their clients. The services they provide vary mainly according to the need of the client. Before a person or an organization hires a contractor, they need to consider whether the contractors are licensed, bonded and even insured. This is to ensure that, in the event of complications, the clients can reclaim their losses (Della-Piana, Low and Lyman, 2005). The client make also put into consideration that the contractor has covered their workers for employees’ compensation. The contractor and the client need to have a contract document whereby...
3 Pages(750 words)Research Paper

Ethical/Legal Risks Assessment

...? Ethical/Legal Risks Assessment 21 November Informatics continues to change nursing in different ways. Like other professions, nursing informatics is faced with different issues, which could be ethical or legal in nature. This arises out of the patient-nurse relations, which comprise the nursing practice. An important factor that largely contributes to ethical issues in nursing informatics is the patients’ confidentiality. This comes in different forms, including the patient’s medical records, their privacy, security, and confidentiality, which matter a lot in nursing ethics. This issue mainly arises due to the automation of the patients’ medical records (Hunt, Sproat, & Kitzmiller, 2004). Before informatics, patient information... of...
5 Pages(1250 words)Coursework

Ethical and Legal Issues

...that they will simply charge what is due to them and will not use any information without the individual's consent. Indeed, in our learning that ethics is the study of a system of rules of conduct and principles of evaluation such as social justice, we can clearly see that even in the information age, ethics has already transgressed what legislation has not. As persons, we can easily and readily see what certain actions would be unethical and immoral, and we would deplore such act. However, legality must also play the valuable role it was always meant to play, enforcing the rights and regulating the proper actions of individuals to best balance a...
7 Pages(1750 words)Essay

Ethical and legal Implications

... anonymous if the legal protocols are not being followed. Any personnel attempting to commit fraud are morally responsible for their actions and will be obligated to answer to the head executives. The company also conducts “brown bag sessions” in which auditors must meet their annual requirements of maintaining their CISSA certificates. Lastly, all interns at this company are required to attend actuarial information sessions in which HMO is discussed along with government involvement. Works Cited 1993 Medicare part B provider handbook for Illinois: coverage, billing, reimbursement.. Marion, Ill.: Blue Cross and Blue Shield of Illinois, 1993. Print. "What is HIPAA." What is HIPAA. N.p., n.d. Web. 18 Aug. 2011. .... Without a doubt,...
2 Pages(500 words)Essay

Legal and Ethical Issues

.... Consequently, the rule on right to fair treatment and protection from harm was created. In the medical study one considers that the subjects are human and therefore avoids causing harm to them. Macklin (2004) notes that there are a number of marginalized populations where the rules of ethical treatment and legal actions are not followed. Such include case studies of Ebola in Central Africa and other areas close by. The application of the HIPAA rules can be achieved through incorporation of the basic rules in the recent studies by creating a compiled set of ground rules to follow in the study process. In conclusion, it is evident that a researcher can apply all the possible combination...
2 Pages(500 words)Research Paper

Ethical and Legal Issues

...Ethical and Legal Issues A policy restricting employee internet use is ethically sound. Employee monitoring has appeared as a requirement, and it is still a controversial issue because of widespread use and complexity of technology. Employees are apprehensive of Code of Conduct compliance and proper employee behavior relative to their industries and other organizations. This is the reason why more and more employers are utilizing monitoring devices to keep track or check the actions of their employees. Most of the employers feel that too much utilization of internet for activities that are not job related while on the job is not beneficial. It is also extremely costly for...
2 Pages(500 words)Assignment

Legal and Ethical Issues

...that come back of their activities, be it contribution to heating or misuse of grants for inexperienced energy experts. This is something the administration is able to do by enacting a cap and trade market or carbon tax, policies (Woody, 2011). These ethical and legal actions of the bankruptcy of the company had the most effect on the executives of Solyndra. These executives pleaded in front of the house board, that some of their senior staff of Solyndra have worn an action and deed so as to have their bonuses repaid to them in the amount of $370, 000 regarding the company’s full insolvency is achieved (Woody, 2011). Most of the investors of the company said that they...
7 Pages(1750 words)Term Paper

Legal, Ethical, or Moral

...Legal, ethical, or moral Legal or ethical/ moral Issue MONTEJO Hospital Rules for Hospital that Deported Jimenez The Montejo Case is a legal issue than moral considering the various legal guidelines on the decisions in the case. The other reason making the case a legal issue is that the transportation of Jimenez to Guatemala was in response to a court order and the hospital was following decisions made during a court proceeding (Florida District Court of Appeal, August 23, 2006). That decisions made were guided by a court order and presence of laws and regulations including Florida laws on court proceedings and the false imprisonment as cited in the case depict the legality of the issue. Jimenez deportation and the suit against... of a...
2 Pages(500 words)Research Paper

Midland Energy Resources Inc

...Midland Energy Resources 3. Should Midland use a single corporate hurdle rate for evaluating investment opportunities in all of its divisions? Why orwhy not? Midland is a large company with different business unit handling different risk ration. So, Midland should not use single corporate hurdle rate as this will cause disruption in the evaluation of the investments of the company. The evaluation should lead not mislead a company .The single corporate hurdles would prompt Midlands to invest in risky projects and this would risk the whole foundation of the company. However, it would be beneficial for the company to invest in corporate level by using corporate level WACC. 4. Compute a separate cost of capital for the E &...
2 Pages(500 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Term Paper on topic Legal and Ethical Actions of NovaGold Resources Inc for FREE!

Contact Us