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

IAMGOLD Q3 Earnings: Market Responds With MASSIVE Price Lift

G Mining Q3 Earnings: Costs Down, Production Up

Endeavour Silver Q3 Earnings: On The Upswing

Recommended

Silver47 Hits 606 g/t Over 9.7 Metres Silver Equivalent In Final Assays From 2025 Drill Program At Red Mountain

Altamira Gold Encounters Second Porphyry Body, Hitting 3.5 g/t Gold Over 8.0 Metres

Related News

Is Barrick Gold Buying First Quantum Minerals?

First Quantum (TSX: FM) is now the center of acquisition rumors, with Barrick Gold (TSX:...

Thursday, January 4, 2024, 09:49:00 AM

Skeena Resources Looks To Repurchase 0.5% NSR At Eskay Creek

Skeena Resources (TSX: SKE) is looking to repurchase a net smelter return royalty currently outstanding...

Monday, September 19, 2022, 08:18:47 AM

Barrick Q4 Earnings: Cash Flow Explodes

Well folks, another earnings season has begun and Barrick Gold (TSX: ABX) started it off...

Saturday, February 15, 2025, 02:33:00 PM

Barrick Gold’s Takeover Bid Reportedly Rejected By First Quantum

Mining firm First Quantum (TSX: FM) has turned down an informal takeover proposal from Barrick...

Friday, June 16, 2023, 08:25:16 AM

Is Barrick Gold About To Lose Its Mali Operations?

Barrick Gold (TSX: ABX) is facing escalating challenges in Mali as the country’s military government...

Monday, April 15, 2024, 11:27:00 AM