The mining newspaper for Alaska and Canada's North

The $6 billion question

Are Novagold, Barrick ready to pull the trigger on Donlin Gold development?

Novagold Resources Inc. and Barrick Gold Corp. – equal co-owners of the Donlin Gold project – have both said they are unwilling to develop the 40-million-ounce gold deposit in a weak gold price environment. So, with Donlin entering the final phase of a five-year permitting process, are the partners ready to build a world-class gold mine in Southwest Alaska?

With gold prices up roughly 16 percent s...

 

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