NovaGold (NG) Jumps 10.3% on $4.2B Donlin Mine Takeover

NovaGold Resources Inc. extended a winning streak to its third consecutive trading day on Wednesday, with shares rising 10.30 percent to close at $6.21. The gain followed the company’s announcement of a definitive agreement to acquire Paulson Advisers LLC’s entire 40 percent stake in the Donlin Gold project through an all-share transaction valued at $4.2 billion.
Following the transaction’s completion, NovaGold will hold full ownership of the Donlin Gold project in Alaska. The