NovaGold's $4.2B Gold Gambit: Sector Shaken by Alaska Takeover

NovaGold Resources Inc. (NYSEAmerican:NG) solidified its gold portfolio by acquiring full ownership of Alaska's Donlin Gold project through a $4.2 billion all-share transaction. This strategic move boosted the company's shares by 10.3% over three days, securing control of the largest gold development project in the US.