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Novagold gets US$275M for Galore Creek

Cash from sale will be applied to development of Donlin Gold North of 60 Mining News – August 3, 2018

Novagold Resources Inc. July 27 announced it has closed the deal to sell Newmont Mining Corp. its 50 percent interest in the Galore Creek copper-gold project in northwestern British Columbia for US$275 million.

"I'm very pleased that Novagold is receiving fair value for its interest in Galore Creek and believe that Newmont is the right organization to carry forward the track record of excellence t...


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