{"id":14051,"date":"2026-07-23T00:21:17","date_gmt":"2026-07-22T19:21:17","guid":{"rendered":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=14051"},"modified":"2026-07-23T00:21:17","modified_gmt":"2026-07-22T19:21:17","slug":"golds-ma-rush","status":"publish","type":"post","link":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=14051","title":{"rendered":"Gold&#039;s M&amp;A rush"},"content":{"rendered":"<p><script>\r\n  atOptions = {\r\n    'key' : '644b717812d811d6a1c1fc5b6ccd6fa6',\r\n    'format' : 'iframe',\r\n    'height' : 90,\r\n    'width' : 728,\r\n    'params' : {}\r\n  };\r\n<\/script>\r\n<script src=\"https:\/\/www.highperformanceformat.com\/644b717812d811d6a1c1fc5b6ccd6fa6\/invoke.js\"><\/script>\r\n<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/images.axios.com\/EJsn4CsNygJgcVG3X6wV3pGCoq0=\/1366x768\/smart\/2020\/05\/01\/011308-1588295588801.jpg\" \/><\/p>\n<p><strong>NovaGold Resources <\/strong>(TSX: NG) on Wednesday announced plans to buy the 40% stake it doesn&#8217;t already own in Donlin Gold Holdings, creating a company valued at $4.2 billion.<\/p>\n<p><strong>Why it matters: <\/strong>Mining M&amp;A has hit the motherlode this year.<\/p>\n<hr>\n<ul>\n<li>There were $26.3 billion in deals in Q2. That&#8217;s up 68% quarter over <a href=\"https:\/\/pages.marketintelligence.spglobal.com\/rs\/565-BDO-100\/images\/Global-Industry-Merger-Acquisition-Trends-Q1-2026-Report-020626.pdf?version=0\" target=\"_blank\">quarter<\/a>, and is the second highest quarterly total since S&amp;P began tracking the metric in 2013.<\/li>\n<\/ul>\n<p><strong>Driving the news: <\/strong>NovaGold is acquiring the stake it does not own in the Alaskan gold miner from Paulson Advisers, creating a new U.S.-domiciled company that plans to be listed on the NYSE.<\/p>\n<ul>\n<li>This would create the &#8220;largest gold development project in the U.S.,&#8221; <a href=\"https:\/\/novagold.com\/novagold-enters-into-definitive-agreements-to-acquire-100-of-donlin-gold\/\" target=\"_blank\">per the announcement<\/a>.<\/li>\n<li>Paulson has a stake in NovaGold Resources that will leave it with a 40% economic interest in the new business that will be dubbed (wait for it) NovaGold Corp.<\/li>\n<\/ul>\n<p><strong>Flashback: <\/strong>Donlin was valued at roughly <a href=\"https:\/\/novagold.com\/novagold-and-paulson-advisers-announce-1-billion-10056\/\" target=\"_blank\">$2 billion<\/a> a year ago, when Paulsen and NovaGold took a 50% stake in the business.<\/p>\n<p><strong>The big picture: <\/strong>The price of gold had been surging, and is currently 20% above its price from one year ago, despite retreating from its peak.<\/p>\n<ul>\n<li>Growing AI infrastructure and energy transition needs have driven up demand for goods like copper, gold, lithium, and rare earth elements.<\/li>\n<li>The Trump administration has also aggressively sought to increase gold production. Last week, it moved forward with a plan to auction off sections of water surrounding American Samoa for <a href=\"https:\/\/apnews.com\/article\/american-samoa-trump-deep-sea-mining-72aa92757d931508e983310fd2555149\" target=\"_blank\">potential deep-sea mining<\/a>.<\/li>\n<\/ul>\n<p><strong>Between the lines: <\/strong>Starting a new mine is costly and time-consuming, and some attempts, including the American Samoa plan, have already hit populist backlash. That&#8217;s only helped M&amp;A.<\/p>\n<script async=\"async\" data-cfasync=\"false\" src=\"https:\/\/pl30214220.effectivecpmnetwork.com\/9ab3d4df8a7e1a6171e16ddbf732cc19\/invoke.js\"><\/script>\r\n<div id=\"container-9ab3d4df8a7e1a6171e16ddbf732cc19\"><\/div>\r\n\n","protected":false},"excerpt":{"rendered":"<p>NovaGold Resources (TSX: NG) on Wednesday announced plans to buy the 40% stake it doesn&#8217;t already own in Donlin Gold Holdings, creating a company valued at $4.2 billion. Why it matters: Mining M&amp;A has hit the motherlode this year. There were $26.3 billion in deals in Q2. That&#8217;s up 68% quarter over quarter, and is&#8230;<\/p>\n","protected":false},"author":1,"featured_media":14052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.axios.com\/EJsn4CsNygJgcVG3X6wV3pGCoq0=\/1366x768\/smart\/2020\/05\/01\/011308-1588295588801.jpg","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-14051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-political-news"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/14051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14051"}],"version-history":[{"count":0,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/14051\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/media\/14052"}],"wp:attachment":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}