Barrick Gold signs deal to sell its stake in Donlin gold project in Alaska

International mining giant dropping out of partnership in Alaska gold mining project

Mine worker Justin Andrew examines and core samples at the Donlin mine camp on Aug. 11, 2022. Outside is the hillside that would be dug for its gold if the huge mine is developed. Barrick Gold, a large Canadian mining company, is selling off its half-share ownership in the Donlin Gold project. (Photo by Yereth Rosen/Alaska Beacon)A major mining company is pulling out of Western Alaska’s Donlin Gold project, selling most of its shares to a U.S. b…

Barrick selling its half of Donlin Gold Project for $1 billion

Barrick says the sale of Donlin in Alaska will allow the company to further strengthen its balance sheet and invest in the future as it focuses on its portfolio of growth projects.

Statement from Sophie Swope, Executive Director, Mother Kuskokwim Tribal Coalition, on Barrick Gold exiting the Donlin Gold project:

BETHEL, Alaska, April 23, 2025 /PRNewswire/ -- "I'm not a financial expert, but it makes me wonder why Barrick Gold is walking away from what they had billed as a slam-dunk mining opportunity at a time when gold prices are…

Barrick Is Cashing In on Gold’s Record Rally With Asset Sales

For Barrick Gold Corp., one of the world’s top bullion producers, the precious metal’s blistering rally to record prices is looking like a great opportunity to raise some cash as the company looks to pivot harder into copper mining.

Barrick Gold Corporation has signed an agreement to sell its 50% stake in the Donlin Gold Project in Alaska to its partners NovaGold Resources and Paulson Advisors for US$1 billion in cash.

Barrick Gold to sell Alaska mine stake to John Paulson, NovaGold for up to US$1.1-billion

Barrick said it would use proceeds from the sale to strengthen the balance sheet and drive shareholder returns