NovaGold Resources Inc. agrees to acquire the remaining 40% stake in the Donlin Gold project in Alaska from Paulson Advisers LLC, consolidating full ownership of the undeveloped mine. The agreement is structured as an all-stock deal, meaning NovaGold issues shares to Paulson rather than paying cash. Business outlets report that the transaction covers the portion of Donlin Gold that NovaGold does not already own, bringing the company to full control of the project.
The Globe and Mail and Bloomberg describe the deal as creating a gold-producing company valued at about $4.2 billion based on the structure and implied value discussed in coverage, though the Donlin Gold mine is still not developed. The reports characterize Donlin Gold as a major, undeveloped bullion mine project in Alaska and frame the transaction as a consolidation of ownership under NovaGold. Yahoo Finance and Business in Vancouver similarly confirm the buyout of Paulson’s remaining 40% interest through the stock swap. No sources provided additional regulatory timing or financing details in the excerpts.
