NovaGold Resources will acquire Paulson Advisers’ 40% stake in Donlin Gold, consolidating ownership and valuing the U.S. miner at $4.2B.
NovaGold Resources announced it will acquire Paulson Advisers’ 40% interest in Donlin Gold, increasing its ownership to 100% through an all-share transaction. The deal values the U.S.-based gold developer at approximately $4.2 billion.
Prior to the agreement, NovaGold held a 60% stake in Donlin Gold, a project in Alaska. The transaction consolidates control under NovaGold, positioning it as a key player in U.S. gold development.
The company did not disclose immediate market reactions, but the move is expected to streamline operations and enhance project execution.