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.
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International mining giant dropping out of partnership in Alaska gold mining project
Mine worker Justin Andrew examines and core samples at the Donlin mine camp on Aug. 11, 2022. Outside is the hillside that would be dug for its gold if the huge mine is developed. Barrick Gold, a large Canadian mining company, is selling off its half-share ownership in the Donlin Gold project. (Photo by Yereth Rosen/Alaska Beacon)A major mining company is pulling out of Western Alaska’s Donlin Gold project, selling most of its shares to a U.S. b…
Hanford Sentinel
Statement from Sophie Swope, Executive Director, Mother Kuskokwim Tribal Coalition, on Barrick Gold exiting the Donlin Gold project:
BETHEL, Alaska, April 23, 2025 /PRNewswire/ -- "I'm not a financial expert, but it makes me wonder why Barrick Gold is walking away from what they had billed as a slam-dunk mining opportunity at a time when gold prices are…
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.
Barrick Gold Corporation has signed an agreement to sell its 50% stake in the Donlin Gold Project in Alaska to its partners NovaGold Resources and Paulson Advisors for US$1 billion in cash.
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