The recent merger between Barrick and Randgold will not have a significant impact on the Donlin Gold project that Novagold is developing in a partnership with the gold major in Alaska, leaving the junior essentially in a “win-win position”, president and CEO Greg Lang said on Wednesday.
The changes at Barrick are essentially a “white swan event”, which should have little implications for Novagold and its 50%-owned Donlin – a federally-permitted gold project that is one of the world’s largest and highest-grade openpit developments.