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

This Silver Project Looks Great, If Mexico Lets It Happen | Kootenay Silver La Cigarra PEA

The World Is Relearning Why Commodities Matter | Kai Hoffmann – Soar Financial

This Gold Project Still Looks Great at $4,000 Gold | Minera Alamos Copperstone PFS

Recommended

Canadian Gold Maps Out 2026 Drill Plans Across Three Québec Projects

Mercado Minerals Drills 1,120 g/t Silver Equivalent Over 1.20 Metres At Copalito

Related News

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

The Golden Triangle: British Columbia’s Exploration Hotbed

In recent years mining investors have been hearing a lot about one of the world’s...

Sunday, July 19, 2020, 11:00:00 AM

Precious Metals: Canaccord Comments On Record Capital Returns From Producers

Recently, Canaccord put out a note titled, “Record return of capital and building cash.” Within,...

Tuesday, September 7, 2021, 04:47:00 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

Hemlo Explorers Enters Earn-In Arrangement With Barrick Gold

Hemlo Explorers (TSXV: HMLO) has entered into a major agreement with that of Barrick Gold...

Monday, April 4, 2022, 11:01:00 AM