Elliott said to accumulate stake in Barrick Mining | Metals Mine

  • Elliott said to accumulate stake in Barrick Mining

    From breakingthenews.net

    Elliott Investment Management L.P. acquired a significant stake in the Canadian gold and copper mining company Barrick Mining Corporation, the Financial Times reported on Tuesday, citing people familiar with the matter. According to the report, the American activist hedge fund's stake in the Toronto-based miner places it among Barrick's top ten investors, implying a holding of at least 700 million Canadian dollars. Elliott was said to be motivated by reports that Barrick was dividing itself into two entities, separating its North American assets from its operations in Asia and Africa. Rumors of a possible breakup or ... (full story)

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