Barrick Gold entered a deal to sell its stake in an Alaskan gold project for as much as $1.1 billion to affiliates of billionaire John Paulson’s Paulson Advisers and Novagold Resources,.

Barrick’s stock was off 5.8% Monday to $18.33, responding to a 2.6% decline in gold prices to $3,238 an ounce. The stock has badly lagged behind its largest gold-mining peers both in the past ...

Barrick signed a separate agreement to sell some of the assets it would acquire from Placer Dome to Goldcorp Inc., also of Vancouver, for $1.35 billion in cash.

Barrick Gold Corp. engages in the production and sale of gold and copper, as well as related activities such as exploration and mine development. It operates ...