Published • loading... • Updated
Novagold Creates $4.2B US Gold Giant with Donlin Deal
The deal would give NOVAGOLD full control of Donlin Gold and create a U.S.-domiciled developer with about US$4.2 billion in equity value, the companies said.
- On July 21, 2026, NOVAGOLD announced a definitive agreement to acquire Paulson Advisers LLC's 40% stake in Donlin Gold, increasing its ownership from 60% to 100% in an all-share transaction.
- This transaction simplifies the joint ownership structure of Donlin Gold, which NOVAGOLD and Paulson previously held as a 60-40 partnership, aiming to streamline development and capital efficiency.
- With an equity value of approximately US$4.2 billion, NovaGold Corporation will become a leading U.S. gold developer, streamlining corporate governance while maintaining independent oversight of the project.
- The board expands to 11 directors from 10, co-chaired by NOVAGOLD Chairman Dr. Thomas Kaplan and John Paulson, with the deal expected to close in the fourth quarter of 2026.
- Management will focus on completing the Bankable Feasibility Study and pursuing financing options while maintaining engagement with Alaska Native landowners Calista Corporation and The Kuskokwim Corporation .
Insights by Ground AI
15 Articles
15 Articles
Novagold creates $4.2B US gold giant with Donlin deal
Novagold Resources (NYSE-A, TSX: NG) will acquire the Donlin Gold stake in Alaska it does not already own from Paulson Advisors in an all-stock transaction that creates a gold miner... The post Novagold creates $4.2B US gold giant with Donlin deal appeared first on The Northern Miner.
Financial PostReposted by 
The Manila Times
The Manila TimesNOVAGOLD Enters Into Definitive Agreements to Acquire 100% of Donlin Gold
NOVAGOLD to acquire Paulson’s Donlin Gold Holdings1 interests in Donlin Gold in an all-share transaction, creating a leading U.S.-domiciled gold developer with approximately US$4.2 billion equity value2 Consolidation to streamline project development and financing Deal is accretive to NOVAGOLD on all key metrics and preserves NOVAGOLD’s independence Dr. Thomas S. Kaplan and John Paulson to […]
·Toronto, Canada
Read Full ArticleCoverage Details
Total News Sources15
Leaning Left2Leaning Right3Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 18%
C 55%
R 27%
Factuality
To view factuality data please Upgrade to Premium
