Barrick Gold Surges to Top 309 in Trading Volume Despite Stock Decline

On June 5, 2025, Barrick Gold Corporation (B) experienced a significant trading volume of $309 million, marking a 42.92% increase from the previous day. This surge placed Barrick among the top 309 stocks by trading volume for the day. However, despite the high trading volume, the stock price of Barrick Gold Corporation (B) decreased by 0.55%.

Barrick Gold Corporation has recently completed the sale of its 50% interest in the Donlin Gold Project in Alaska to NovaGold Resources. This transaction, valued at $1 billion, signifies a strategic move by Barrick to divest from the project, which has been a significant part of its portfolio. The sale was part of a broader deal that also involved Paulson Advisers, who acquired a 40% interest in the project. This divestment is expected to have a notable impact on Barrick's financials and strategic focus, as the company continues to streamline its operations and focus on more profitable ventures.

The completion of this deal marks a significant milestone for Barrick, as it allows the company to redirect its resources towards other high-potential projects. The divestment of the Donlin Gold Project is part of Barrick's ongoing strategy to optimize its portfolio and enhance shareholder value. The proceeds from this sale will likely be reinvested into other exploration and development activities, further strengthening Barrick's position in the gold mining industry.