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NOVAGOLD and Paulson Advisers buy Barrick Gold's stake in Alaska's Donlin Gold Project for $1 billion.
NOVAGOLD and Paulson Advisers have agreed to buy Barrick Gold's 50% stake in the Donlin Gold Project in Alaska for $1 billion.
After the deal, NOVAGOLD will own 60% and Paulson will hold 40%.
The transaction, subject to regulatory approvals, aims to advance the project by updating the Feasibility Study and expanding reserves.
It is expected to close by the end of Q2 or early Q3 2025.
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NOVAGOLD y Paulson Advisors compran la participación de Barrick Gold en el Proyecto de Oro Donlin de Alaska por $ 1 mil millones.