Elliott Builds Stake in Barrick Mining, Source Says

Gold market sees unusual pricing shift as central banks stockpile

A rare convergence in gold's spot and futures prices, driven by relentless central bank buying, is signaling potential physical supply shortages and shifting market dynamics.

Elliott Builds Stake in Barrick Mining, Source Says

Elliott Mgmnt Builds 'Large' Stake In Barrick Mining As Central Bank Gold Buying Accelerates

Elliott Mgmnt Builds 'Large' Stake In Barrick Mining As Central Bank Gold Buying Accelerates Elliott Management has built a large stake in Barrick Mining Corp., the Financial Times reported, citing people familiar with the matter. Elliott’s stake - valued at at least $700 million - puts it among Barrick’s 10 biggest investors, the FT cited the people as saying, and comes after the Canadian gold giant struggled to benefit from the metal’s rally. …

Elliott builds major stake in gold miner Barrick

Activist hedge fund Elliott Management has taken a significant position in Barrick Gold, making it one of the miner’s top ten shareholders with a holding likely worth over $1bn, according to a report by the Financial Times. The move comes amid underwhelming share performance despite a strong gold market rally and follows the departure of CEO Mark Bristow in September. Elliott is reportedly encouraged by the prospect of splitting Barrick’s North …

Barrick Faces Activist Pressure After Elliott Takes Major Stake

Elliott Investment Management has reportedly taken a large stake in Barrick Mining, adding pressure amid operational issues and a leadership change.