US EditionBarrick Gold signs deal to sell its stake in Donlin gold project in Alaska
- On April 22, 2025, Barrick Gold revealed an agreement to sell its 50% stake in Alaska's Donlin Gold project.
- Barrick CEO Mark Bristow stated the deal allows Barrick to exit Donlin at an attractive valuation, pending typical approvals.
- NovaGold will acquire 20% and Paulson will acquire 80% of Barrick's interest in the Donlin Gold project.
- The sale brings Barrick US$1 billion in cash; NovaGold has an option to buy debt for US$90 million before closing.
- Upon closing in the second quarter of 2025, NovaGold will own 60% and Paulson will hold 40% of the project.
25 Articles
25 Articles
Barrick Is Cashing In on Gold’s Record Rally With Asset Sales
For Barrick Gold Corp., one of the world’s top bullion producers, the precious metal’s blistering rally to record prices is looking like a great opportunity to raise some cash as the company looks to pivot harder into copper mining.
Inside Halton
Northumberland NewsBarrick Announces Sale of Stake in Donlin Gold Project for Up To $1.1 Billion
All amounts expressed in US dollars
Winnipeg Free Press
Barrick Gold signs deal to sell its stake in Donlin gold project in Alaska
Breaking News, Sports, Manitoba, Canada
NovaGold Resources and billionaire John Paulson go in on Barrick Gold’s Donlin project
Shares of gold explorer NovaGold Resources Inc. (TSE: NG) (NYSEAMERICAN: NG) soared by approximately 40 per cent after it announced a USD$1 billion transaction, together with Paulson Advisers LLC, to acquire Barrick Gold’s (TSE: ABX) (NYSE: GOLD) 50 per cent stake in the Donlin Gold project. Announced on Tuesday, the split will include Paulson picking up 80 per cent of Barrick Gold’s interest in Donlin Gold, while Novagold will purchase the rema…
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