Elliott builds stake in gold miner Barrick
PositiveFinancial Markets

- Elliott Management has built a significant stake in Barrick Gold, indicating a strategic interest in the gold mining sector. The activist investor believes that under new leadership, Barrick could potentially split into two distinct companies, which may lead to improved operational efficiency and focus.
- This development is significant as it reflects Elliott's confidence in Barrick's prospects and suggests that a restructuring could unlock value for shareholders. A split could allow each entity to pursue tailored strategies, potentially enhancing performance and market competitiveness.
— via World Pulse Now AI Editorial System
