From Reuters
Tuesday, April 22, 2025

Canada's Barrick Gold said today it will exit the Donlin gold Project in Alaska by selling its 50% stake to billionaire John Paulson and NovaGold Resources for up to $1.1 billion.

The Donlin Gold project is a proposed mine that holds roughly 39 million ounces of gold. It was jointly owned by Barrick Gold and NovaGold, holding a 50% stake each.

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U.S.-listed shares of Barrick Gold were up 1.7% before the bell, which were also supported by higher prices of the bullion.

Paulson and NovaGold will acquire 80% and 20%, respectively, of Barrick Gold's interest in the entity, for $1 billion in cash. ...

... For the remainder of the report:

https://www.reuters.com/en/barrick-gold-sell-alaska-mine-stake-john-paulson-novagold-11-billion-2025-04-22/ [2]

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