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July 23, 2026NOVAGOLD creates $4.2B US gold giant with Donlin deal
The camp at the Donlin Gold project in Alaska
NOVAGOLD Resources (NYSE American, TSX: NG) will acquire the Donlin Gold stake it does not already own from Paulson Advisors in an all-stock transaction that creates a gold miner worth about $4.2 billion and simplifies ownership of one of the world’s largest undeveloped projects.
The deal will combine NOVAGOLD’s existing stake in Donlin with Paulson Advisors’ interest to form NovaGold Corporation, a Delaware-incorporated company. Existing NOVAGOLD shareholders will own nearly 65% of the new entity, while Paulson will receive about 35% in exchange for its Donlin interest. Including its current NOVAGOLD holdings, Paulson will own about 40% of the combined company.
