Barrick sells its 50% stake in Alaska's Donlin project for $1 billion
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Barrick Gold offloads Donlin stake for $1B, surprising analysts with strong sale price
Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) is selling its 50% stake in the Donlin Gold Project for $1 billion, a move that Jefferies analysts describe as a significant strategic win. The deal involves Barrick selling its stake to affiliates of Paulson Advisers LLC and NOVAGOLD Resources, who will acquire 80% and 20% of the project, respectively.
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