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Barrick Gold Sells Donlin Stake for $1 Billion

4/22/2025

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Summary

Story summary

Barrick Gold Corp. is divesting its 80% stake in the Donlin gold project for US$1 billion.
CEO Mark Bristow emphasized the asset's alignment with other companies' strategies as Barrick prioritizes key projects.
The Donlin project boasts a gold reserve of 34 million ounces, needing US$7.4 billion for development.
Post-sale, Novagold's ownership will increase to 60%, yet the project currently lacks an experienced operator.

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Story summary

Barrick Gold Corp. is divesting its 80% stake in the Donlin gold project for US$1 billion.
CEO Mark Bristow emphasized the asset's alignment with other companies' strategies as Barrick prioritizes key projects.
The Donlin project boasts a gold reserve of 34 million ounces, needing US$7.4 billion for development.
Post-sale, Novagold's ownership will increase to 60%, yet the project currently lacks an experienced operator.