Barrick’s $1 Billion Donlin Gold Sale: Why Everyone Agrees It’s a Win

The run in the price of gold evidently has majors interested in selling off assets. After Newmont’s massive divestiture program which finished up last week, Barrick Gold (TSX: ABX) has now announced that they are selling off a major asset.

But this isn’t an operating mine like the majority of Newmont’s sales. Instead, it’s an absolutely massive development project that has been in the pipeline for decades, which requires billions of dollars in initial capex just to get the project off the ground.

And that’s if they can get the approvals required to actually get it into production.

Lets dive in.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver Is a Wild Animal, Gold Heads for $6,000 in 2026 | Craig Hemke

Is This the End of the Gold and Silver Rally? | Peter Grandich

Why Gold And Silver Stay High Even After Rate Cuts | Todd Bubba Horwitz

Recommended

TomaGold Confirms Presence Of Berrigan Deep Zone Following Geophysics

Antimony Resources Reports Massive Stibnite Mineralization Over 25 Metres At Marcus (West) Zone

Related News

Barrick Gold’s Q3 Earnings: Is Guidance Shot?

Another gold major has reported, and another gold major has failed to meet analyst expectations....

Saturday, November 9, 2024, 03:27:00 PM

Skeena Resources Makes $9.5 Million Flipping Eskay Creek Royalty

Skeena Resources (TSX: SKE) has evidently made a “quick-flip” out of a royalty on its...

Tuesday, January 3, 2023, 08:43:34 AM

Barrick Gold Considers Leaving Canada For The U.S.

Barrick Gold (TSX: ABX), one of Canada’s largest mining companies, is contemplating a move to...

Friday, February 14, 2025, 09:26:51 AM

Barrick Sells Interest In Donlin Gold Project For $1.0 Billion In Cash To NovaGold And Paulson Advisors

Barrick Gold (TSX: ABX) is monetizing assets amid record high gold prices. The gold major...

Tuesday, April 22, 2025, 09:02:38 AM

Barrick Gold Misses Estimates in Q3 2024 as Rising Costs Overwhelm Strong Gold Prices

Barrick Gold Corporation (TSX: ABX) reported third-quarter earnings for 2024 that fell short of market...

Thursday, November 7, 2024, 12:23:00 PM