Elliott Management Builds Stake in Barrick, Encouraged by Breakup Prospects, Source Says
NeutralFinancial Markets

- Elliott Management has built a larger stake in Barrick Gold, urging the company to explore the possibility of splitting its operations into separate entities. This move reflects the activist investor's strategy to influence corporate restructuring.
- The potential breakup could reshape Barrick's operational focus and enhance shareholder value, as Elliott believes that separating the business could unlock greater efficiencies and market opportunities.
- This development highlights ongoing discussions in the mining sector regarding consolidation and operational efficiency, as investors increasingly seek to maximize returns through strategic realignments.
— via World Pulse Now AI Editorial System