- NovaGold Resources is involved in the Donlin Gold project in Alaska, with John Paulson as a prominent shareholder and Calista and TKC as land owners.
- NovaGold Resources increased its ownership stake in Donlin Gold, while Paulson Advisers acquired interest, and Barrick sold 50% of its stake.
Regulatory Review Underway for Donlin Gold Tailings Dam and Mine Operations
What happened
The proposed Donlin Gold mine project, which involves the construction of a tailings dam, is currently under regulatory review. This review stems from a 2025 court order regarding the potential environmental impact of the dam, which is designed to hold back waste from the mine operations. The United States Army Corps of Engineers is examining potential environmental impacts to inform the federal permitting process.
From kyuk.org
Why it matters
The tailings dam is planned to be taller than the Great Pyramid of Giza and capable of containing millions of tons of production waste. A draft of the court-ordered report has been released for public comment, examining a catastrophic scenario involving a spill of 27% of the dam’s contents into the surrounding land and waterways.
NovaGold Resources increased its ownership stake in Donlin Gold, while Paulson Advisers acquired interest, and Barrick sold 50% of its stake. NovaGold Resources is involved in the Donlin Gold project in Alaska, with John Paulson as a prominent shareholder and Calista and TKC as land owners.
From kyuk.org