With gold prices still soaring, a major Alaska mine proposal is getting a new look For years, some of Alaska’s largest mining proposals inched along, unable to attract big investment. Then the price of gold took off.
After spending big on Donlin, billionaire sells stake in company with Ambler prospects John Paulson sold a relatively small stake in Trilogy Metals around the time Trump officials announced a direct government investment in the company.
How a billionaire’s bet on Donlin mine could inject new life into the huge, slow-moving Alaska gold project A global mining giant is selling its 50% stake in Donlin Gold. One of the buyers is John Paulson, who made billions betting against the housing market before the 2008 financial crisis.