The latest update is out from Novagold Resources New ( (TSE:NG) ).
On April 22, 2025, NOVAGOLD Resources Inc. and Paulson Advisers LLC announced a $1 billion transaction to acquire Barrick Gold Corporation’s 50% interest in Donlin Gold LLC. This acquisition will increase NOVAGOLD’s stake to 60% and give Paulson a 40% share, forming a new partnership to manage and advance the Donlin Gold project. The transaction, subject to regulatory approvals, is expected to close by mid-2025. The new partnership aims to update the Feasibility Study, expand reserves, and enhance community engagement, positioning Donlin Gold as a leading development project in the gold mining industry.
Spark’s Take on TSE:NG Stock
According to Spark, TipRanks’ AI Analyst, TSE:NG is a Underperform.
Novagold Resources faces critical financial challenges with no revenue and negative equity, impacting its stock score significantly. Despite promising potential from the Donlin project and strong financial backing, the stock struggles due to ongoing litigation and project delays, along with unfavorable technical indicators and valuation metrics.
To see Spark’s full report on TSE:NG stock, click here.
More about Novagold Resources New
NOVAGOLD Resources Inc. operates in the gold mining industry, focusing on the development of the Donlin Gold project in Alaska. The company is known for its efforts in gold exploration and development, with a significant market focus on high-grade gold deposits.
YTD Price Performance: -9.33%
Average Trading Volume: 2,594,688
Technical Sentiment Signal: Buy
Current Market Cap: $1.04B
Learn more about NG stock on TipRanks’ Stock Analysis page.