Latest news with #NovagoldResourcesInc
Bloomberg
23-04-2025
- Business
- Bloomberg
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. First, the company announced on Tuesday that it's exiting an Alaskan mining project by selling its 50% stake to billionaire John Paulson and Novagold Resources Inc. for $1 billion. Meanwhile, Barrick has also signaled more deals on the horizon as it seeks buyers for mines in Africa and North America.
Bloomberg
22-04-2025
- Business
- Bloomberg
Barrick to Sell Alaska Gold Stake to John Paulson, Novagold
Barrick Gold Corp. is exiting an Alaskan mining project by selling its 50% stake to billionaire John Paulson and Novagold Resources Inc. for $1 billion, according to people familiar with the matter. The agreement for the Donlin Gold project could be announced as soon as Tuesday, the people said. Novagold will pay $200 million, while Paulson Advisers LLC will put up $800 million, said the people, who asked not to be identified discussing a private matter.
