Barrick sells its Donlin Gold stake to Paulson and NovaGold for $1bn

Barrick agreed to sell its 50% of the Donlin Gold project in Alaska for $1bn in cash. Paulson Advisory takes 80% of the stake and NovaGold 20%, leaving NovaGold with 60% of the project and Paulson with 40%.

Why it matters. A major can recycle capital from a giant but slow-moving project into assets that pay back sooner.

Source

MINING.COM

In the course

Module 9: The M&A process