Photos Courtesy Donlin Gold
If developed as planned, Donlin Gold is projected to have a 27-year mine life.
Donlin Gold owners focus on the future
The transaction is still subject to regulatory approvals and conditions and is expected to close late in the second or early in the third quarter of 2025. At the closing of the trans - action, NOVAGOLD and Paulson will enter into an amended and restated limited liability company agreement governing Donlin in which NOVA - GOLD and Paulson will have equal governance rights. The new partnership will shift fo - cus immediately to updating the mine
lion in cash. Terms of the deal were previously announced April 22. Paulson Advisers, a major share - holder in Barrick, will acquire a 40% ownership interest in Donlin Gold, and NOVAGOLD will increase its ownership interest in Donlin Gold from 50% to 60% Donlin Gold is to be managed jointly by NOVAGOLD to advance the project. Paulson will pay $800 million for its new 40% share of the project while NOVAGOLD will pay $200 million.
NOVAGOLD, Paulson predict 1.1M ounces yearly Barrick Mining Corporation com - pleted the divestiture June 3 of its 50% interest in the Donlin Gold Project to affiliates of Paulson Advisers LLC and NOVAGOLD Resources Inc. for $1 bil -
THE LINK: SUMMER 2025
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