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Stock impact report

This billionaire gold bug just made another big bet on the yellow metal [Yahoo! Finance]

Agnico Eagle Mines Limited (AEM) 
Last agnico eagle mines limited earnings: 4/30 05:07 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Gold prices have hit records this year amid economic uncertainty. Billionaire investor and known gold bull John Paulson isn't sitting idle as prices of the precious metal soar to records. He's doubling down. Paulson, best known for shorting the mid-2000s housing bubble collapse , is buying a stake in an Alaskan gold mine venture, with the help of a Canadian firm. His hedge fund Paulson Advisers has banded together with NovaGold to buy a 50% stake in the Donlin Gold project for $1 billion. "Donlin Gold is one of the most attractive development gold projects in the world," Paulson said in a press release . "With 39 million ounces of gold at double the industry average grade, and an optimal location in the prime jurisdiction of Alaska — already the second largest gold-producing state in the United States — we believe that the project could create value for decades to come." The agreement will take NovaGold's ownership interest in the mine to 60%, while Paulson advisors will ac Show less Read more
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