NovaGold Promotes Elaine Sanders to CFO

NovaGold Resources, a precious metals company, has promoted Elaine Sanders to vice president and chief financial officer (CFO). Sanders joined NovaGold as controller in March 2003, was promoted to vice president finance in 2006 and then to corporate secretary in 2008. She has been interim CFO since April 2010. As CFO, Sanders continues to be responsible for financial strategy, structure and risk management, and for financial and regulatory reporting. As part of the executive team, Sanders also provides leadership for advancing the company’s core projects and maintaining strong relationships with its business and community partners.

Prior to joining NovaGold, Sanders worked in the high tech sector and in the assurance practice of Price Waterhouse. While with NovaGold, she also took senior management positions with the company’s spin outs as controller for SpectrumGold and CFO for Alexco Resource. Sanders has nearly 20 years of experience in audit, finance and accounting with public and private companies. She has been involved with numerous financings and acquisitions, and has listed companies on both the TSX and NYSE-AMEX.

Sanders holds a Bachelor of Commerce degree from the University of Alberta and is a chartered accountant (CA) and certified public accountant.


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