Drill and Deal

Deals / NovaGold – Paulson’s 40% of Donlin Gold

Gold · announced 22 July 2026 · pending

NovaGold – Paulson’s 40% of Donlin Gold

A voting cap of 19.99% lets the seller keep a large economic stake without control.

Acquirer
NovaGold
Target
Paulson’s 40% of Donlin Gold
Announced
Metal
Gold
Announced value
all-share; about $4.2bn combined equity
Structure
All-share, new US holding company
Status
Pending