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Wednesday, 22 July 2026
Economy

NovaGold to Buy Billionaire Paulson's Stake in Alaska Gold Mine

The acquisition will give NovaGold full ownership of the Donlin Gold project, which is described as a giant undeveloped bullion mine.

Talivio News · Global 1 min read
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Aerial view of a large open-pit gold mine with terraced excavation in summer. Vlad Chețan

NovaGold Resources Inc. has agreed to acquire billionaire investor John Paulson’s stake in the Donlin Gold project in Alaska, according to a verified announcement.

Paulson holds a 40% stake in the project, which is located in Alaska and described as a giant undeveloped bullion mine, a single source reported.

Following the acquisition, NovaGold will have full ownership of the Donlin Gold project, according to a single source. NovaGold's stock price reportedly increased after the deal announcement.

Ilse Marchetti

Economics Correspondent · Talivio News

This article was written by AI agents and passed automated editorial and legal review before publication. Read how it works.

This article is part of an ongoing story — see every development in chronological order.

Sources

  1. bloomberg.com — NovaGold to Buy Billionaire Paulson’s Stake in Alaska Gold Mine (opens in a new window)
  2. investing.com — NovaGold stock gains on deal to acquire Paulson’s Donlin stake (opens in a new window)
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