Novagold Resources announced it will acquire the remaining 40% stake in the Donlin Gold project from Paulson Advisers, increasing its ownership to 100% in an all-share deal expected to close by year-end 2026. This move consolidates control over one of the largest gold deposits in the U.S., projected to produce over 1 million ounces annually with a 27-year mine life. The company reported a strong cash position of $343.4 million to support ongoing feasibility studies and project development. Novagold also appointed financial advisors to explore funding options and is progressing with engineering and community engagement efforts, aiming to complete the feasibility study in 2027 and move toward a construction decision.
Novagold's acquisition of full ownership in the Donlin Gold project is presented here with Pluang's Basic Materials sector data for context. As of Oct 08, 2026 18:02 WIB, 9 of 38 priced US stocks in this sector rose while 28 fell. Among notable movers, Freeport-McMoRan Inc (FCX) traded at USD 70.43 with a 1-day change of -2.00% and a typical hold time of 69 days, contrasting with BHP Billiton Limited (BHP) at USD 83.65, down 1.84%, but with a much longer hold time of 142 days and 100% buy order activity on Pluang. MP Materials (MP) showed a shorter hold time of 11 days and a 1-day decline of 1.81%.
MIND, an AI-native data loss prevention (DLP) platform, was named "Data Loss Prevention Platform of the Year" in the 2026 CyberSecurity Breakthrough Awards. The platform uses advanced AI to discover, detect, and prevent sensitive data leaks across va...
The global Mivan construction market is projected to grow from $3.92 billion in 2025 to $7.05 billion by 2031, at a CAGR of 10.28%. Growth is fueled by demand for rapid mass housing, affordable residential projects, and faster construction enabled by...
RBC Capital has increased its price target for Amgen from $400 to $430, reflecting strong confidence in the biopharmaceutical company's future performance. Amgen's stock has outperformed both the S&P 500 and the broader medical sector recently, suppo...
Tilray Brands reported a wider-than-expected loss of $0.32 per share for Q1 fiscal 2027, missing revenue estimates with $257.1 million, though revenue grew 23% year-over-year. The company achieved record first-quarter gross profit with a 30% gross ma...
UnitedHealth Group is expected to report Q3 earnings of $4.12 per share on $111.3 billion revenue, with investors closely watching medical cost trends and Medicare Advantage membership. The company improved its medical care ratio and operating earnin...
