Earlier this week, Barrick Gold Corporation announced that it’d be selling its 50% holding in the Donlin Gold Project for $1 billion in cash to affiliates of NOVAGOLD Resources Inc. and Paulson Advisers LLC. The project is found in Southwest Alaska, within the historic Kuskokwim Gold Belt. The project holds approximately 39 million gold ounces and is said to be one of the biggest known undeveloped open-pit gold deposits today.
The growing number of deals in which gold-rich properties are changing hands indicates that firms like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) that are…
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