Barrick Gold Trading Volume Plummets 35.75% Ranking 273rd as it Sells Donlin Gold Project for 1 Billion

Generated by AI AgentAinvest Volume Radar
Tuesday, Jun 3, 2025 7:59 pm ET1min read

On June 3, 2025,

Gold Corporation (B) experienced a significant decline, with its trading volume dropping by 35.75% to 3.53 billion, ranking 273rd in the day's market activity. The stock price fell by 1.13%.

Barrick Mining Corporation announced the completion of the sale of its 50% stake in the Donlin Gold Project in Alaska. The transaction, valued at $1 billion in cash, was finalized with affiliates of Paulson Advisers LLC and NOVAGOLD Resources Inc. This strategic move allows Barrick to focus on its core assets and optimize its portfolio, potentially enhancing shareholder value.

The divestiture of the Donlin Gold Project is part of Barrick's ongoing efforts to streamline its operations and allocate resources more effectively. By selling this significant interest, Barrick aims to reduce its exposure to high-risk, undeveloped projects and concentrate on more profitable ventures. This decision reflects the company's commitment to maintaining a strong financial position and delivering long-term growth for its investors.

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