NOVAGOLD and Paulson Advisers to acquire 50% of Donlin Gold from Barrick Gold for $1bn.

NOVAGOLD Resources, a Canada-based precious metals company, and Paulson Advisers, a private investment management firm, agreed to acquire 50% of Donlin Gold, a gold mining joint venture, from Barrick Gold, a Canada-based mining company, for $1bn. "The announcement of our new partner, Paulson, marks the watershed moment in our company’s ambition to unlock conscientiously the full value of Donlin Gold. For such a prescient and illustrious gold investor as John Paulson to share our belief that Donlin Gold constitutes one of the best and most jurisdictionally attractive gold development projects in the world — and indeed worthy of such an extraordinary investment — is truly catalytic for NOVAGOLD," Thomas S. Kaplan, NOVAGOLD Chairman.