Activist Investor Elliott Pushes for Breakup of Barrick Gold

The mining sector’s tranquility has been shattered by activist investor Elliott Investment Management, which has built a substantial stake in Barrick Gold and is advocating for dramatic corporate changes. This development arrives at a paradoxical time for the company, which recently posted record operational results yet finds itself embroiled in strategic uncertainty. Investors are now grappling with a critical dilemma: will this activist pressure unlock significant value or plunge the mining behemoth into a protracted period of internal conflict?

Barrick’s recent third-quarter performance would typically be a cause for celebration. The company reported robust figures, including an adjusted profit of $0.58 per share and a record-setting operational cash Read more...